1989. First National Bank (Washington, DC)

View Charter #26 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
26
Charter Number
26
Start Date
September 19, 1873
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
5d90b387

Response Measures

Full suspension, Books examined

Other: Receiver appointed; dividend and partial payments made to depositors while bank remained in receivership.

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1873-09-19
Date receivership terminated
1876-07-24
OCC cause of failure
Excessive lending
Share of assets assessed as good
43.9%
Share of assets assessed as doubtful
56.1%

Description

Articles describe heavy withdrawals linked to the failure of Jay Cooke & Co., a run on the First National Bank (Washington) followed by suspension and appointment of a receiver (E.L. Stanton). The bank remained in receivership and paid partial dividends (30¢ on the dollar; later dividends discussed) but did not resume normal operations — so classified as suspension leading to permanent closure/receivership. Cause attributed to distress of an associated/connected house (Jay Cooke & Co.), so classified as local_banks.

Events (6)
1. July 16, 1863 Chartered
Source
historical_nic
2. September 19, 1873 Receivership
Source
historical_nic
3. September 19, 1873 Receivership
Newspaper Excerpt
Receiver Stanton is still busily engaged with his assistants in preparing a statement of the condition of the affairs of the First National Bank. He expects to be able to report by the middle or latter end of the present week.
Source
newspapers
4. September 19, 1873 Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the suspension/failure of Jay Cooke & Co. and associated panic among banks connected with that house.
Measures
No special emergency measures reported for First National aside from preparations; government arrangement to provide currency to banks generally is noted.
Newspaper Excerpt
The run on the Freedmen's Bank, however, continues to some extent... At half-past two o'clock the reporter... The run at that hour still continued. ... There is a general feeling that the run will subside tomorrow
Source
newspapers
5. September 19, 1873 Suspension
Cause
Local Banks
Cause Details
Suspension followed runs and the failure/withdrawals connected to Jay Cooke & Co.; receiver appointed to take charge of the bank's affairs.
Newspaper Excerpt
A RECEIVER APPOINTED ... Edwin L. Stanton... accepted the position as receiver of the First National Bank. He will take charge at once.
Source
newspapers
6. November 10, 1873 Other
Newspaper Excerpt
The First National Bank is paying thirty cents on their dollar to depositors who have proved their accounts. Depositors will receive fifty per cent. in all, according to present indications.
Source
newspapers

Newspaper Articles (25)
1. September 19, 1873 Evening Star Washington, DC
Article from Evening Star, September 19, 1873

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of others, for that institution was more or less complicated by the banking business of Jay Cooke & Co., and the Pacific railroad bonds, with which they are heavily loaded. The other banks of this city invested mostly within this District or in government securities, and are not involved in outside operations. Mr. Davis then stated their deposits to-day had about balanced that of the withdrawals made, and he antictpated no run on their house. Should it come they are abundantly able and ready to meet all demands. He thought depositors would return their money with Mr. Ruff in a few days again, as he could see no cause for alarm. He expressed his belief that the Freedmen's Savings Bank would not suffer much inconvenience, as they had plenty of currency to meet demands. ACTION OF GOV. SHEPHERD. At an early hour to-day Gov. Shepherd, with commendable forethought, anticipating, perhaps, that some of the banks might be run, and cramped for currency. called upon Secretary Richardson and made an arrangement both with him and Treasurer Spinner, to the effect that any bank of the District depositing at the sub-Treasury in New York, and that fact being telegrap hed to Treasurer Spinner, could procure all the currency desired, direct from the Treasury here. This will enable any bank to convert by telegraph any collateral securities they may hold into currency, and furnish abundant means to meet any emergency. AN ADDITIONAL NOTICE. At half-past one o'clock the following was placarded on the doors of the First National bank: Paper maturing this day in the hands of the First National bank may be found at the Metropolitan bank, (next door.") INTERVIEW WITH MR. TENNEY. At two o'clock, THE STAR reporter was admitted to the banking house of Jay Cooke & Co., and was received by Mr. Tenney, when the following conversation ensued: Reporter.-"Mr. Tenney, THE STAR is anxions to inform the public of the latest news concerning the unfortunate suspension of the banks you represent?" Mr. Tenney.-"You may state that all the clerical force of the office is busily engaged in preparing a statement for the public, and that it will be submitted to them as soon as practicable. You may also state that the firm expect in a few days to open their doors and resume business." THE EXCITEMENT OVER. At o'clock 15th street was virtually deserted, and did not present as animated an appearance as usual. There seems to be a growing contidence that all is well, and that the business of the bank will resume at an early period. The run on the Freedmen's Bank, however, continues to some extent, but hourly grows more languid. FIRM AS A ROCK. At half-past two o'clock the reporter of THE STAR called upon Mr. Stickney, of the Freedman's Savings bank. The rush at that hour still continued. He was informed that the bank would keep open until its usual honr-4 p. m.and that up to that hour he (Mr. S.) did not think that thirty thousand dollars would have been drawn. This is owing to the small individual deposits carried by the bank. There 18 a general feeling that the run will subside tomorrow, although the officers are preparing for any contingency. A RECEIVER APPOINTED At half-1 last two o'clock, Edwin L. Stanton, Secretary of the District of Columbia, called upon Controller Knox and accepted the position as receiver of the First National Bank. He will take charge at once.

2. September 19, 1873 National Republican Washington, DC
Article from National Republican, September 19, 1873

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JAY COOKE & CO. (Continued from First Page.) ing the wild rumors, proved to be in a very fortunate position in Its relations to the suspended institutions. It had only a collection account with the First National bank, and its balance there was less than one thousand dollars. It had no account with Jay Cooke & Co., and had but four hundred dollars in Northern Pacific railroad bonds. There was only a trining disturbance at that bank this afternoon. The District government is a very small sufferer by the suspension. The district treasurer had drawn down his balance very low to meet the requirements of the various departments, and had but $6,000 to his credit. The whole pack of dirty lies about Governor Cooke and District affairs sent from here during the past week was exploded by the facts developed yesterday. At first it was rumored that the two banks of Cooke & Co. held a heavy line of District securities and paper, and that this precipitated the suspension. It turned out speedily that the banks held little or none of it, and that the house of Jay Cooke & Co. had always declined to deal in District securities while the head of the house held the office of Governor. Had the stories of immense profits from this source had any foundation the suspension of to-day ought not to have occurred. The two houses here did a large commercial business. The branch of Jay Cooke & Co. had a large number of accounts of business and professional men, the small depositors especially always finding it a convenient and pleasant place for doing business. The First National also had a very fine list of depositors, many of them well-to-do and retired people, with others in official life, keeping their accounts there. Its line of dealers was also large, and it discounted regular commercial paper with a cautious freedom that its ample resources permitted. The President of the United States kept his account there, as his predecessors had, but as this account has always been in the nature of a special deposit, there will be no loss. Being a Government depository, It frequently had large sums of public funds. At the present time It holds $140,000, for which the Government is amply secured by bonds and cash balances.

3. September 20, 1873 Wilmington Daily Commercial Wilmington, DE
Article from Wilmington Daily Commercial, September 20, 1873

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The Financial Troubles.) THE BOUND. BAILROAD The Phila says Ledger to us the York New that from Pennsylvani had some financial Railroad trouble. Company in the We for have inquiry proper quarter and the find that report reliable We are that wholly witho assured in of the the better Wassompany finances its of the whole treasury business condition, is and easily moving smoothly. demonstrated the gross beyond receipts of will the for the exceed year. current company to of the and five meet twenty current improveten for the credit ments millions of but one over hunlittle against dollars, dred thousand VIEW. BOUND of The this York New Bulletin, morning, the and soundfollowing expresses views have interests to by the been but very imcrisis. Owing of is a there tempoexchange, the with but, this trade Pary check look the upon expointerests In exception they certain respects of out the removes long way diverted of large and amount with trading of and settling periodic panic may well do BO The capital which from has the result production embarrass- of an unconfidence to ments credits. "The this competipeculative will the tion benmoney a efit to by the obviousteadier merchante of of rate Some trade interest. be espertherless affected and which trade other branches. the by have activity must injury flation. railroad befall least trade generally by holders temporary the from roads will cially been the iron Another from indirect the of bonds at of embar- emfurther, in of barrassed various parts bankers rassments of has what the transthe and within days, railroad which But trade while indisuffer ultimately to ex +ent, yet rectly from these be of will the the result crash financial on very affairs much footDissithier the Wall ing street expect panic by of era great to be followed commercial of this city may hope prosperity. to all they the find during need, of the the the the fall and hands for the from loans banks, will for be an no While, paper. an this good. being unmitmixed evil. ligated OF JAY COOKE. of last The Star, says evening, Washington is It the firm that hinted pretty In on Jay Cooke Monda resume it of will the imbe case First Bank National to for their them under resume present law under banking it. The they which operate course to the is of in hands purahed of who receiver, in its are divipaid, on in dethe have dends, to The the posit declared is in the bank agent, be will and this afterreceiver noon. & JAY HOUSE UPON. COOKS LEVIED BANKING In the vesterday, attachment of the Jay case Cooke Alexander of to Co., gig, 000. the upon banking returned &c., house, to is apThe there Press NEWSPAPE and that crieis prehend general calamitous of of the that 1857 like possibly The were never at in an for and least, active better, of bustrade. Even classes as that were Buffering, for the reanow by secured of the instead banks. Worthermore, of drain Fossible of iness 1857 that we the novernment, wildcat obstruct no and How business within country. it is son the worthless credit of promisshaving to specie Europe of exchanges all, The from hoped some in Leagers: busmen may induce and more careful of in amount not have been losses nothing. parties is there iness good incurring to be more and will failing of the in this fulness. city Our erally i3 real The be no any can wholly derang the for of the Vory general our ground banks for assurpanicky ance there more is not than by and liberal feeling, There and to there the public calm that hearing was The wholly to did not and extend to the and and among the very banking interest the well little yond points known the berected day Thus twentyto been have gained of hering storm invaluable. The Bulletin: else iness. Nothing to be for cases the hour what is steadons been prehen may Home There day's business four and men, in such The duty of excited to allay by failures yesterof and stock public mind by ie not needless down gettle basis. again DUE. The were current Reports on and vesterday indidozen ning, prominent the Railviduals as road Company of to the dollars for on the paper of the become liable millions of tion notes a for It W yosterday. of was feared Thursday the go induce be of to migart by default Protest. natured. fellows and better Happily the note due parties are endo Orbers informed up the and the take divide in to able notes order, abundantly do, men large being Though means.

4. September 22, 1873 Evening Star Washington, DC
Article from Evening Star, September 22, 1873

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upon and had retired, and at that hour not more than 25 were in waiting. At half-past two this afternoon there were not more than ten or a dozen persons in line. a nd everybody was of the opinion that the run would exhaust itself to-day. Even those in line did not seem to exhibit any anxiety, and quite a number dropped out from time to time and went home. THE FIRST NATIONAL BANK. Receiver Stanton is still busily engaged with his assistants in preparing a statement of the condition of the affairs of the First National Bank. He expects to be able to report by the middle or latter end of the present week. THE NATIONAL LIFE INSURANCE COMPANE The following circular letter has been ismed from the office of the National Life Insurance company to its policy holders in this city, which as a matter of general interest, we publish for the information of the public: OFFICE OF THE NATIONAL LIFE INSURANCE COMPANY OF THE U. S. OF A., WASHINGTON, D. C., Sept. 20, 1873 Dear Sir: It affords me pleasure to be able to assure you that the late commercial disaster has in no way affected the interests of the National Life Insurance company. Its assets are as strong as ever. and its investments are always so regulated that no monetary crisis can pos. sibly reach them. No apprehensions therefore as to the future of the company need be entertained. It stands to-day solid and strong, with a brilliant prospect before it. Respectfully, W. P. DUNWOODY, General Agent.

5. September 25, 1873 The Toledo Chronicle Toledo, IA
Article from The Toledo Chronicle, September 25, 1873

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Panic in Wall Street. The financial world was shocked last Thursday by the announcement that the heavy firm of Jay Cook & Co,, of New York, had suspended payment This firm, as is well known was one of the heaviest banking houses in the world, having advanced immense sums of money w the gov erument during the war when the national credit was gone, and being now one of the leading members o! the syndicate, besides having advance ed millions of dollars to Railroad companies. Th bank suffere a run on Thursday morning. an was com pelled quate early 1a the day to clust The phuosophy of this future, which led to many other suspensions, must be sought in the fact that, instead of attending to a. legitim t banking bu-mess, speculative enterprises were entered into. Immense loads of railroad bonds, in which capitalists are now slow to invest, were taken and the result we see in a financial crisis, whose extent will never 1, known, because of the heavy loss on tailed upon holders of railroad stock responded of at a she " after 1. panic occurred. Among the new vailures we notice the following: Fish & Hatch, N " Y ik; the Fax National Bank of Washington, the New Your Unen Trust Company; he National Bank of in Common wealth, N.W York the National Trust Company. New York; the Bank of America, Non York; the Union Banking Company. 01 Philadelphia. These froms," of them at least. were intimatey associated with Couke & Co 111 their business trans actions, and the financial distress will be more of less wile-spread in proportion to the permanency of the failures. If the alone soff l' ed from the panic, the financial dis turbance would excite little sympto thy, but as it entailed losses upon many who had their all invested in radroal securities, which they sold at he ay loss, the panic is J. plorable. The effect produced upon the floor 01 the Stock Exchange may be intere red from the fact that last Saturday the extreme factuations on some clocks were as follows: Harlem 30 per cam; Panama, 18; Rook Island 91; Western Union. 9; Hammbal & St. Joseph, 9, with other stocks flue tuating from 2 to 8 points. The government came to the relief of the money market by purchasing U. Bonds. By this meaus, togeth. er with the action of Bank Presi dems, through the Clearing House loan certificates, many millions of greerbacks were released, with III touching any portion of the $44,000. 000 reserve now In the National Treasury.

6. September 26, 1873 The Emporia News Emporia, KS
Article from The Emporia News, September 26, 1873

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during the past few days. It was the general impression that they would get through, but to-day - the fourth national bank refused to clear their chcks although the firm had $800,000 of security against which $300,000 had been drawn. The panic reached Virginia, and we have the follwing dispatch from Richmond: Richmond, Va., Sept 23.-The Merchants' national, the Pisterers' and Mechanics bank, and the first national bank, all of Petersburgh, suspended this morning. The Citizens' bank, although not suspended, declined payment. Rumors of heavy commercial failures are also rife in that city. The banks of Richmond are safe, but there is considerable excliment over the news from Petersburgh. The following is an interesting incident of the panic in Washington : The most prominent depositor in the first national bank of this city, next to President Grant, was Andrew Jonson. At the time of the failure of ths bank, Mr. Jonson had $60,000 to his credit, on which he was receiving 6 percent. interest, which was his only revenue. Should the bank be unable to discharge its obligations, a contingency by no means improbable, ex-Preeident Jonson will be almost pennieless. The widow of a former navy agent had $17,000, the proceeds of a sale of all the property she had, and it is said General Hunter had a large balance to his credit there. Mr. Knox, collector of currency, whose money was in the bank, said he didn't have money enough to go to market with the next day after the suspension.

7. September 30, 1873 Evening Star Washington, DC
Article from Evening Star, September 30, 1873

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# THE GOVERNMENT AND THE NATIONAL BANKS The Secretary of the Treasury does not think there is any authority in the national banking law to warrant the interference of the government in the case of any national bank which may suspend payment to its depositors. This is something, he says, which the government has nothing to do with. Unless a bank refuses to give legal tenders for a note of its own issue they will not interfere. In the case of the First National Bank in Washington, when they wanted a receiver appointed, he says he had great trouble to find one of their own notes to protest, and that the bank could just as well have gone on and liquidated its debts and saved its charter; for when he once appoints a receiver the bank is like a dead man, who cannot be brought to life again by the payment of the debts against his estate.

8. October 3, 1873 Wilmington Journal Wilmington, NC
Article from Wilmington Journal, October 3, 1873

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WORSE AND WORSE. It is said that the children and other legatees of the late Chief Justice Chase will lose all the personal property bequeathed to them by the failure of the Cookes. Through his favor, kindness, and protection, the Cookes were enabled to rise from obseurity to position, and from poverty to great wealth. Had they been content with these gains, they would to-day have been prosperous and powerful. Greedy of vaster fortune, they recklessly blundered, speculated, and fell, involving thousands in their ruin. The Chief Justice had no faith in Henry D. Cooke's ability, but he believed him to be honest, and made him the excentor of his last will and That now a All that he duty. testament. answered by shameful sacred could trust sacrifice reach is has of been appropriated from the estate, and this is but one example of hundreds equally scandalous. Is there no penalty for such crimes?-New York Sun. THE FAILURE OF JAY COOKE & co's NATIONAL RANK-THE PRESIDENT'S DEPOSIT. WASHINGTON, Sept. 25.-It is authoritatively stated to-day that there will be no statement of the condition of the First National Bank before Saturday, and probably not then. The receiver. Mr. Stanton, was asked to-day what he thought the First National Bank would pay. He replied, "That depends altogether on what Jay Cooke & Co. pay the First National Bank." It is said that the amount drawn out of this bank and sent to Jay Cooke & Co.'s Philadelphia house was over one million dollars. The valuable property of H.D. Cooke in Georgetown was conveyed to his wife more than two years ago. There is a good deal of speculation in regard to the deposits of the President and several other prominent oflicials with the First National Bank. It is claimed that whatever funds the President had there were special deposits. It is difficult to understand how this can be. He gave the bank a power of attorney to draw bis salary quarterly, and it was placed to his credit in the bank. Several of the Justices of the Supreme Court did the same. This was certainly nothing more than an ordinary deposit, and should not intitle the depositors to any special privileges. However, it is currently reported on the streets that the receiver has said that these fortnnate individuals will not suffer because their deposits were special. The impression very generally prevails that there will be unfair dealing of some kind in winding up the affairs of this bank, and this tends to aggarvate the ill feeling which exists among the sufferers. The effects of the disturbed money market are beginning to be felt here in every direction. One of the heaviest dry goods merchants in this city said to-day that since the failnre of the Cookes he had not been doing business enough to pay rent. All the surplus money had already been locked up by the Ring in their worthless certificates, and now there is scarcely enough in circulation for market purposes.New York Sun.

9. October 3, 1873 South Branch Intelligencer Romney, WV
Article from South Branch Intelligencer, October 3, 1873

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# THE NATIONAL BANKS. The Secretary of the Treasury does not think there is any authority in the national banking law to warrant the interference of the government in the case of any national bank which may suspend payment to its depositors. That is something, he says, which the government has nothing to do with. Unless a bank refuses to give legal tenders for a note of its own issue they will not interfere. In the case of the First National Bank in Washington, when they wanted a receiver appointed, he says he had great trouble to find one of their own notes to protest, and that the bank could just as well have gone on and liquidated its debts and saved its charter; for when he once appoints a receiver the bank is like a dead man, who cannot be brought to life again by the payment of the debts against his estate.-Ib.

10. October 13, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, October 13, 1873

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From the Knoxville (Tenn.) Press and Herald. As the press throughout the country has contained various stateinouts rolative to ex-President Johnson's probable loss by the suspension of the First National Bank of Washington, we gathered the facts in the case from him, and are authorized to state that whon the bank suspended the ex-President had on deposit $73,000. He regards its recovery as a matter of doubt. If it proves an actual loss, it will not exhaust his resources.

11. October 14, 1873 Wilmington Daily Commercial Wilmington, DE
Article from Wilmington Daily Commercial, October 14, 1873

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It is rumored that ex-President Johnson's admirers are getting up a subscription to compensate him for his heavy loss by the failure of the First National Bank at Washington. A panic stricken Burlington (Iowa) man drew $15,000 from the bank, and now goes around with the greenbacks in a belt. His name is suppressed as an aggravation to highwaymen.

12. October 16, 1873 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, October 16, 1873

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A-WASHINGTON paper tells all about the story of President Grant's "little tin box" and his bank account at the First National Bank in that city. When the bank closed the President had overdrawn his account $71, which amount he has since paid to the receiver. He had no special deposit to his credit. The tin box mentioned was in the bank of Jay Cooke & Co., and in addition to the private papers belonging to the President, it contained the Rawlins bonds, which he hold in trust. That's the long and short of it, according to the Washington Chronicle.

13. October 24, 1873 The Bolivar Bulletin Bolivar, TN
Article from The Bolivar Bulletin, October 24, 1873

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# Ex President Johnson and his Little Deposit (Washington Cor. N. Y. Herald.) Ex President Andrew Johnson arrived in this city this morning from Tennessee, and took up his quarters at the Metropolitan. The fact that he had recently been a loser of a large amount by the failure of the First National Bank, and that it had been paragraphed through the papers that he was coming here to prepare a statement in regard to the execution of Mrs. Surratt, gave an additional interest to his visit. An interview was therefore sought with him by your correspondent this morning Mr. Johnson was in the parlor with his son, Andrew, jr., and a visitor, who withdrew shortly after my entrance. Mr. Johnson's appearance could be compared with that of his Presidential days as he parted with his friends. He was dressed in his usual suit of black broadcloth, and in general appearance was but little changed, except that his form seemed not so bulky as it was a year or two ago. His face was a shade paler, and if possible to detect them, I might say it wore a few more lines; but withal he seemed cheerful, and was never more courteous. After being seated, I asked him the purpose of his visit: "Mr. Johnson, we have heard it intimated—in fact, it has been paragraphed through the papers—that your visit here was made with a two-fold object; that of setting aright whatever wrong impressions may have been gained of your position in the case of Mrs. Surratt by Judge Holt's letter, and also of attending to your business in connection with the suspension of the First National Bank." Mr. Johnson—"Yes, sir; I came here on various matters of business, these among the rest. I have many that call me to Washington frequently. As to this Surratt matter, I desire to say nothing at present, as the necessary arrangements have not as yet been made for its proper and truthful publication. It will be ready in a few days, and at the proper time I shall be heard from." Correspondent—Is it true, sir, that you lost $73,000 by the failure of the First National Bank? Mr. Johnson—Yes, sir; about that sum. I had it there as a special deposit. There was no speculation about it, for the interest on it was very small. Correspondent—Do you expect to realize anything from it? Mr. Johnson—I do not know, but appearances are none of the best. Correspondent—They say that President Grant get all of his money? Mr. Johnson—Yes, and I believe he did; but I will not say anything about this subject, for about this as well as the case of Mrs. Surratt I intend to say nothing until the proper time comes. Correspondent—What did you think of this crash, Mr. Johnson, when it came? Did it strike you with surprise? Mr. Johnson—No, not at all. I knew long since that it was inevitable on account of the undue expansion of the financial business of the country. It is true that I was surprised when the Cookes were the first to fail. But when I came to think of it I wondered no longer. They dabbled in politics too much to be good financial managers. Their banks were too large and handled too much money to admit of their managers being diverted toward anything else. They were keen, judicious and reliable financial men and should have known better than to have been mixed up with the schemes that depended upon political engineering. As a rule, politics and finances do not run well together. From the above it will be seen that A. J. promises to talk about the Surratt murder as well as the First National steal as soon as he gets all the material at his command in good condition. Impatiently we await his ventilation of both subjects.

14. October 29, 1873 Nashville Union and American Nashville, TN
Article from Nashville Union and American, October 29, 1873

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WASHINGTON. Judge Richardson's Little Experiment Of Specie Resumption on a Very Small Scale. Shinplasters not Redeemable on Pre. sentation! WASHINGTON, Oct. 28. Secretary Richardson's order to Treasurer Spinner directing the payment of silver, is as follows: You will please, on and after the receipt of this letter, and until otherwise ordered, pay public creditors, should they desire it, on account of currency obligations, but not in exchange for currency, a sum not to exceed five dollars in any one payment in silver coin. Why not Pay them Some of that Silver? Nearly four hundred mechanics and about a thousand laborers have been discharged from the navy yard owing to the money runningshort in consequence of the large number of improvements made in the yard during the summer [to help Gov. Shepherd's election?] The First National. The Receiver of the First National Bank is verifying the accounts of the depositors and other banks, and in about two weeks a dividend of from 20 per cent. to 30 per cent. will be made from assets already col lected. Jay Cooke's Ducks. Of the five hundred or six hundred de positors in the banking house of Jay Cooke & Co., all but about thirty have signed a plan agreeing to place the settlement in the hands of the ex-Commissioner of Internal Revenue, Rollins. These thirty are either distant from the city or cannot at present be reached. The Simple Government of our Fath. ers. The report of the second auditor of the treasury shows that the number of accounts examined by that bureau during the past fiscal year was $48,969,824.20; and for bounty, arrears of pay, etc., aggregating over forty-nine million dollars. It is expected that an effectual stop will soon be given to the fraudulent practices in the bounty claim business. The number of cases awaiting action is four thousand seven hundred and forty-nine. Indian Irregularities. Lieut. Col. Merril, of 9th cavalry, reports from Fort Concho, Texas, that the Indians have made appearance in the counties of Brown, Coleman and Runnels, and have been stealing stock. Lieut. Lebo, of the 10th cavalry, while on the way from Fort Concho to Fort Richardson, recaptured from the Indians 16 stolen horses, but the Indians, five in number, who were driving them, succeeded in making their escape. He says the Indians now intesting that country are probably from the Fort Stanton reservation and other portions of New Mexico, following buffalo, also, as they come south. Charges Against Pension Commision. or Baker. Special to the Cincinnati Commercial. WASHINGTON, Oct. 26.-A communication is published in the Capital to-day making charges of & scandalous character against Gen. Baker, Commissioner of Pensions, the truthfulness and proof of which are said to be undeniable, and the writer claims to have more of the same sort that will be forthcoming. Baker is charged, among other things, with nepotism and favoritism, and oppression to the clerks in the Pension Bureau; also, with proclaiming his policy in the administration of his important office to be honesty, efficiency and reform generally, while at the same time he is charged with having paid money out of the public Treasury for a fine black walnut library and secretary, costing three hundred and fifty dollars, which was sent to his house for his own private use. Gen. Baker denies the main charges made, and attribntes the article to malice entertained toward him by certain clerks, whom the General says were dismissed for cause.

15. November 5, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, November 5, 1873

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JAY COOKE AND THE GOVERNMENT. When the First National Bank of Washington suspended, it was discovered that the Government had $100,000 or more on deposit there without security. It is now stated that Jay Cooke & Co., who (though Henry D. Cooke was President of the bank) had borrowed $800,000 from it, have now turned over to the Government, to secure it against loss, $200,000 of Central Pacific bonds. The object of this transfer, which is altogether unlawful at this time, is twofold, viz.: (1) To protect Henry D. Cooke from prosecution, who, as an officer of the First National Bank, violated the National Currency act by authorizing a loan of more than 10 per cent of the capital to himself and partners, and thereby committed a penal offense; and (2) to protect the officer of the Government who is responsible for the deposit of public money in the First National Bank without the security required by law. The case is one of mutual accommodation. Mr. Henry D. Cooke, ex-Governor of the District of Columbia, probably hopes to escape prosecution if his firm shall relieve the responsible Government official, likewise a transgressor of the law, by making good the Government deposit of funds. Meanwhile, the other creditors of Jay Cooke & Co. are asked to quietly forego their lien upon $200,000 of the assets, in order to save those two individuals from further embarrassment. The reported transfer of the Central Pacific bonds to the Government is in direct violation of the National Bankruptcy act, which prohibits preferences of every nature, and makes no exception in favor of the Government. Messrs. Jay Cooke & Co. have prepared a quadrilateral agreement, which we publish elsewhere in full. This agreement is intended to provide for a settlement outside of the Bankrupt law; and, among other stipulations, it gives Jay Cooke & Co. (Sec. 6) the right to settle any of the debts by paying, transferring, and delivering any of the assets to creditors at their appraised value. If this agreement had been signed by all the creditors, instead of being a mere proposition as it is now, it would give Jay Cooke & Co. the power to turn over to the Government the $200,000 of Central Pacific bonds. But, as this is not the case, and as none of the creditors have yet abandoned their rights under the Bankrupt law, the transfer is illegal and will not hold. And, as it is not at all likely that all the creditors of Jay Cooke & Co. will subscribe to the quack plan of negotiable certificates of indebtedness, the Government will undoubtedly be required to surrender the bonds, and take its place among the other creditors of the First National Bank, in which case it will not receive more than 50 per cent of its deposit. The First National Bank of Washington is located just opposite the Treasury Building, where the Government funds can always be kept in absolute safety. The only explanation offered thus far why money should have been taken out of the Treasury and carried across the street for deposit is, that the First National Bank was a Government depository. The law requires, however, that no Government funds shall thus be deposited without requiring an equal amount of United States bonds as security. In this case, no security whatever was taken. The infraction of law is so flagrant that it calls for the impeachment of the official who authorized the deposit, whether that official be President, Secretary, Treasurer, or what not. The impeachment of somebody is demanded all the more because the violation of law in this instance is but one of a large number of official acts of a similar sort showing an utter contempt for the restraints imposed by law upon the misuse of the public funds. To permit this to pass unnoticed along with the other offenses which have preceded it, will be to give general notice to the present Administration, and its successors in office, that all laws regulating the Treasury have been indefinitely suspended. If, in direct violation of law, $200,000 may be risked and lost for the accommodation of a friend, without entailing any penalty for the infraction, then $2,000,000, or $20,000,000, or any other sum which the public officials for the time being may desire, can be employed in a similar manner. Louis Gaylord Clark, whose death is announced

16. November 6, 1873 The Leavenworth Weekly Times Leavenworth, KS
Article from The Leavenworth Weekly Times, November 6, 1873

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TO RESUME. The Chronicle states that it is now generally understood at Washington that the First National Bank of that city, which was one of the first institutions to succumb to the panic, will be able to pay up in full, and adds: "We name this'matter that depositore and other creditors may not be induced by shystere to dispose of their interests at less than their real value. Governor H. D. Cooke has amerted from the first, and all along since the suspension, both the ability and disposition of the stockholders to pay the liabilities of this bank to the last dollar." As this was one of the lagest banking instisetions among those suspended, and had doposite from all sections of the country, the seport of its probable resumption will be bailed as good mome

17. November 11, 1873 Nashville Union and American Nashville, TN
Article from Nashville Union and American, November 11, 1873

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FINANCIAL Exceptional Discounts in London at 13 Per Cent! New York Money Market Easier, Proposed Reform on Change. Bank Failure at Columbus, O. . LONDON, Nov. 10. Exceptional rates for advances of ten to thirteen per cent, have been charged at the Bank of Engiand and on the street to-day. There are many rumors of failures. NEW YORK, Nov. -Greenleaf, Morris & Co. have informed the Stock Exchange that they are ready to pay in full: Whose Iron? Woodruff & Robinson, of Brooklyn, have been enjoined from transferring thirty-five Pathousand tons of iron to the Northern cific Railroad Co., pending issue of creditors to determine ownership. Noon Report. The banks, notwithstanding the withof Saturday drawals currency for gained weekly to laborers, etc., have tender notes, holding payments legal this hear morning from, in $23,980,000, with one bank to will raise million which fully twenty-four probably dollars. the mercantile amount A more cir- to hopeful feeling prevailed in in addition to the stock noticed as resuming ready cles, and to-day, house Stock other alfirms of prominence in banking and Exchange circles are preparing for early resumption. A failure in trade is reported, but the name of the house is not made public. Night Report. To-day is the first day for 2 months that it has been difficult to employ Associated money on satisfactory collaterals. The Banks gained $750,000 legal tenders to-day. There was a pretty well-founded rumor to-day, that the Cashier of a small up town of bank, was a defaulter to the amount $35,000. The bank does not belong to the Clearing House Association and no one will be injured by the alleged defalcation, outside of the stockholders. Proposed Reforms. NEW YORK, Nov. 10.-Various reform banks measures are being discussed by the in as to the method of conducting business future, and the Clearing House committee will doubtless report upon the matter very It now seems certain that the comsoon. mittee will declare against the payment the of interest on deposits and also against where certification of bank checks except The the money is actually on deposit. proposition to compel all railways to make Stock Exchange full monthly statemeets with ments to the general favor. What the Safe Hold. Deposit Companies It appears that since the last bank banks statement was published the associated have lost in deposits to the extent of $47, in 000,000; in greenbacks $11,000,000, and gold $2,000,000. Tea Failure. The tea firm that failed to-day was ButShall & Co., whose transactions, says the ler, Tribune, generally aggregated a million dollars per annum. Another Bank Defalcation. a bank defalcation referred to in previous The dispatch, proves to be the Security Bank, No. 319 Broadway. Henry D. Lorres, week the cashier, has not been seen since a in He had appropriated $20,000 current ago. funds, and, it alleged, has eloped in with a woman, leaving a wife and child afBrooklyn. An investigation into the of fairs of the bank show the other funds the institution untouched. At Washington. WASHINGTON, Nov. 10.- The First Na- the tional Bank is paying thirty cents on their dollar to depositors who have proved about accounts. Depositors will receive fifty per cent. in all, according to present indications. Decidedly Cool. One of the depositors in the banking house of Jay Cooke & Co., in this city, the a proposition has been made by and says house to pay fifteen per cent. in money Railroad the remainder in Northern Pacific bonds in satisfaction of creditors. Expansion of 8600 Since Saturday. The outstanding legal tenders are $361, 837,871. Jay Cooke & Co. In the bankruptcy case brought against his Cooke & Co., W. H. Tenny, by becounsel, Jay to-day entered a disclaimer of ing a partner in the firm. A Statement Without Specifications. the BOSTON, Nov. 10.-Reports from manufacturing sections of New England is more cheering this morning. There seveare of a resumption of business in news ral places, and of the running of manufactories on increased time. The exaggerated that character of many of the statements have appeared is daily becoming more apparent. Bank Failure at Columbus, Ohio. COLUMBUS, O., Nov. 10.-S. S. Rickly, made an assignment this morning Gen. banker, the benefit of his creditors, to Charles for C. Walcutt. His liabilities are estimated at $125,000; assets, $175,000. At beginning of the late financial panic was the was made on Rickly's bank and it but run to suspend for a short time, afterwards necessary business was resumed and conuntil this morning, when, securities owing to tinued the impossibility of converting necescurrency, made the assignment bank into The depositors in this of are a sary. poor people. The selection Walcutt mostly so well known as Gen. of the asperson the speedy adjudication condition troubles. sures A full statement of the posof the bank will be made as soon as sible.

18. November 11, 1873 The Rock Island Daily Argus Rock Island, IL
Article from The Rock Island Daily Argus, November 11, 1873

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TELEGRAPHIC A National Bank Pays 30 cents. Jay Cooke 15 Proposes to Pay cents on Northern Pacific Bonds. Financial Troubles. Laborers out of Work. They Say They Will Not Starve. Frands U.S. by the Republicans Com'r in New York. Death of one of the Ill's R. R.& Warehouse Commission. Accidents, Fires, Suicides. Murders, etc. tional W ASHINGTON, Bank Nov. 10.-The First cent. and paying depositors Na per cent. they all will probably receive thirty fifty ceived Among thirty the depositors. who to-day from the First per National cent. of their deposits $22,000. President Johnson. who received Bank. nearly that It is rumored fifteen been made per by Jay Cooke proposition Co. has Northern Pacific cent. bonds. money balance on Rickley made banker COLUMBUS, Nov. his His lia the benefit of assignment this at are $125,000 bilities estimated $75,000. Nov. from the -Reports BOSTON. of New England manufacturing are There this morning cheering of business news of the and manufactor places, running 10. Nov. NEW YORK, Battershall to-day failed Co.'s teahouse year aggregated Bank, referred the with propriated and child man, leaving The seamen parade the shipping creating repeal for mission Ship masters petition preparing of the repeal the day. James connected Hodgskin the Erie finance offered estern Railroads. that utility and of under the thorities. the men also Hodgskin plenty. the banks, of drawal to gained payments this tender hear the will which hopeful prevails Morris addition to firms sumption and banking paring of but the name trade public the The House report the will mittee payment the certificat interest money Stock greenbacks gold ST. Merchant LOUIS, committee appointed the securing aid the souri valley cities the ask valley. SALT Nov_ Utah of ern Railway the from Guage dif to ham City and will probably nb completed ght NEW The YORK, Hall of Commission the the election frauds. of the spectors tearing ith tickets changing ing the were altered their returns The llid hard bears quarters. and Commissi Charlick ce, missioner ok 10 Nov. Two fever MEMHPIS. ack the hours. Three ra The streets ed. at H. Sr. LOUIS. Louis, wealthiest It of effect He ago years F left property ted millions ita D H CHICAGO. is of Railw Illinois Board President rugdied and stoners, Warehouse at III. try residence yesterday. 10. Nov -Rev. Father PITTSBURG, zil He here came up four died yesterday. between pro quarrel the OMAHA, Nov. years ago. of Sleep Union the otoformer buildi their ways sold, but only berth reet, Guill m drew the Saturday leaving town, his About er hundred English. this ing. through this city, Welch bound and Mormons. Scotch, princip A dispatch. morning Kansas. dded the robbed Island in are arrested have been jail at Kansas. lington, es. 10.Nov. CHICAGO. known German by a scarf to a laborer was The body of an suici Mass. supposed the city, this morning tree in the ather found par

19. November 12, 1873 Watertown Republican Watertown, WI
Article from Watertown Republican, November 12, 1873

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Carl Schurz denies that he intends to locate in Chicago. Lorraine, which gave birth to great Marshal Ney, who was executed for alleged treason, is also the birthplace of Marshal Bazaine. The suspended First National Bank of Washington, D. C., commenced last Monday Daving its depositors an inof ta cent on the dollar.

20. November 14, 1873 Dodgeville Chronicle Dodgeville, WI
Article from Dodgeville Chronicle, November 14, 1873

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Genera of the of the giving to his ted by with Spain, but detervery unfav official circles. of the same to Virthe date of ginius in The Spanish in good on by the faith and regrets in its not before the The took Cudificulty of that Governin as well this enas was as to the the Virginius until ortained. the CuThere The New York bans Cuban had possible to to set for the out on the the from being Amercorps formed had been 2,000 names old, of wellthem of tried Cubans were was for calling made to the dition means island. for City York The of 100,756, of which Tammany his and McCool, 29, jority, of the York dispatches feeling and the from Reports and telethe cable less diemal, grams as desired. daily almost all manuthat from or rentirely factories Laand wages. ducing be bor sections of cause of The session of of the HusIowa 9. to The has been bandry at be in the State held House Des the of IlliCook, President and Comnois on in the Normal 9th. most morning He sudden Board of died Railway home His death was was fifty -six 8th of says dispatch Indians the mitting the Indians except Satanta. the Chiefs, released of the is head said them. of Lee, Mary Mrs. The Custis E. took the Lee, late widow Robert General 8th. the Her place Virginia, Lexington, S. F. W. and Lee, Lee, Custis three a E. large were present, besides Robert dewere Her remains friends. of in the her the husband, posited Lee seven sixty of years the on 10th, adoption of Conthe the national of the abolition stitution, of the and Church State. on in the 10th New York days few that in Cuba, which the losing beaten, The twenty eighty prisoners. all report caused Spanish to of be the battle. the on 5th, dated Havana, the of tion the gives execut account following de of the Santiago Virginius prisoners four made "The place the revious to close house wall. the Cuba: prisone the Blaug firmne was quite famous before manner marched Ryan showeightly down fear and the were Bambe the the died killed at on in gton Washington the the 10th, notifying of the that State GovernSpanish Secretary to the had ment Captain General to the telegraphed t all stay against captives custody in has been al in into session testilegal frauds. to up fied tearing inspectors then A Tammany in New York Hall City, Several changing and also, had that police tickets; two inspecnaturalized intimidated or the tors after false swore altered were votes counted. of First The Bank National Washington on on the thirty cents 10th, paying commenced the to who their dellar proved depositors would thought accounts. fifty about receive A of the 10th says reports of the EnNew from sections of news was were more gland There cheering of in and several places, resumption of on the increased renunning of the The manufactories time. many be that was daily statements coming more apparent. of the The Boston great of on the fire review of 365 work buildings had been burnt district, were which 115 of on of the streets The Memphis crowded and they 10th, same the did out. broke fever before Nearlya the In had the four twenty returned. absentees ten but there two were and hours ending five at new cases. in was held An Cuban meeting of the The Surveyo officials Federal conNew Port Orleans and Oth Regolutions on prominent were adopted participated.

21. February 11, 1874 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, February 11, 1874

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bill nal. was and made Objection to the ferred whole. Mr. the from of bill the reported of by law, oath office postoffice by taken the Passed the made of rebriefs, at mail to be Mr. Bowen, report from on law the reduced rates, which committee, ports, transmit laid etc.. on by the table. from the the same bill to letters provide in was Mr. an Stowell, adverse vertising report on of assional mail districts made the public in the located congre the the district for the newspapers are circulation in He said cost that of having where the the largest for that purpose present and annual thirty-two thouto be must increase one the hundred hundred and thirty Stowell providing ad it vertisin ng to from three on the the same table. committee, and thousand sand dollars. also, Laid from that mail of the number reported Mr. third a bill written, name, and also and the there may sent sender of the may articles be book or passentation, aphlet and kind written of in any the form charged of of bill was motion the then made On to apply massed. to a rose through without also be extra the postage Mr. G. matter being F. Hoar heretofore the sent, explanpersonal that certain proper and Mr. Butler He salcommittee [Mass it had been had taken view; it had on him, the ation. judiciary certain that the approached, action been of the proprialso ways been and means by the secretary more or less He the sent to dis- the on through admir had read, action a Washington Saturday com- last, the to ety of '8 desk, and New paper, the indiciary agreed of clerk patch to effect a that house liad ve twounted Morey mittee the the the of bill of establishment Represment lien of of Butler Judge report for the in Louisiana, and that Mr. bill before States Louisicourts present push court, the Morey the Durell imButler, Durell's anxious should to be Now, had on said word Mr. of truth. was any action articles paragi ways a and paragraph means, not in that newspaper on parage from there Now, as to have the another read an that Butler Idesir THere to the York clerk paper his stating s friends in in Brook- conseanother read. New at work to were have in danger that he had means, been was lyn hard whose of themmittee he Sanborn head case; on ways in favor and of reof the quence the an on the secrets the inand which before had made about cent Sanreceive of the Mr. dues scindit treas contract for fifty Butler per dethis unwas iquituous born had collected.regraph it felt my parade am ironelad to clared and that continued myself, because house, the these country. extrue, duty attacks, -not for but to the make publishers they these the new paper the newspaper or propriets the lies and glanations. sense if of honor vely know, I will have take have any know, Pardon me; they assume pay to that them. they should pay for. the stories every that night. they know they that upon back- the know, wires and therefore it, we inate shall true or congress. character am they put do not Now, desire knowing to I studied have no false words remetropa whether false news erization about of politan these gnate journals. them I should as the be of ports in that great if should to be designated amentary propriety, it our afraid think they bounds ought of parliame accused of is parilament blacksment exceed and then house. should those ippose words which us proper which whom ism in the me to use press have statement toldment pted to they structors of ary for of chara the racterize a they attem canoni replieuto & language used by ident, one and whom when he Governor was make president good quality by Lieu Times, 'You lie of for statement, his made the New York comments Raymond villain, in you lie. went into the a chair, on fourth the the whole, propriation all you The house Mr. then Kellogg in bill quires The that furnthe bill supplies taken use or of the army of or suppli for the pending claims section for stores the rebellion now of first the ished during I such any ted before the claims November , who army, and shall 1874, be to shall the have outhern them. exclusive clusive All to are be day of missioners to hear and before that claims be from consid- the claims not transfer of is to This sec- and barred aster The departm of claimassion, discu The a to a long offered to it. adoptMr. Young tion ered as gave rise were that were extending November, most many important one off red ber, 1874, to R. Hoar commis- for sioners. ed were time from Noven by additional Mr. Mr. Speer was sionalso the and one, opposed of two offered by je, transto all adoptenissions the 1875, appo All after a long the evidence general now and a to ferring on file missary with the to section substitute of the court claims transfer ication, of when section com Mr. Beck all these moved which claims moved to jected. an addi war, itional Frailroad Selecting are and when supplies, for Mr. ad Cobb required iring Kansas lines secretary for the there to the lines, Pacific consider roads and the government retains ness, which treasury. of money of competing their branches, the amount to those from money which for its to busi- the the the Without disposing amendment, rose. committee the following resolution, of the commande Mr. Beck was adopted offered The First national bank insol ver, or in Washi hands of of lending to the city of is now in is the alleged, single firm large ent, and the as control stock, of as well which is act; and consequent placing in its capital its depositors, delnational banking at the failure whole of the money of of the circumstances and its of palpable part of violation whereas, the of said management bandement, of law violation to the which place gross demand may an be applied therefore have under taken end that like remedies frauds in future, bar king guard to the against committexamin to on of fail- into belt Resolved, That the Instructed at the time and general of be said bank for persons and management, papers. and the and con condition into its with prior power to send then house adjourned.

22. March 21, 1874 Nashville Union and American Nashville, TN
Article from Nashville Union and American, March 21, 1874

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WASHI GTON. 'Addition, Division and Silence." More about Moieties. WASHINGTON, March 20.-Judge Noah Davis was again before the Committee on Ways and Means this morning, and constatement of with the cases, tinued the moiety He particularly his connection it with his Phelps, Dodge & Co. gave as that the seizure was obnoxious to opinion the citizens of constitutional books of and which secures from papers provision United States unreasonable should search the be and seizures, and that the statute repealed. At his interview in the Custom House with the customs officers on Dec. 31, in relation to the compromise proceedings in the Phelps-Dodge case, the Judge said Senator Conkling was present, but he believed by accident, and that his presence had no reference to the cases. Being pressed, however, to tell substantially what occured, he said Senator Conkling took the statute'in his hands, read it, and gave it as his opinion that it was beyond all doubt that the whole invoice was forfeited when a part was tainted, and recommended that in the Phelps-Dodge case a suit for the forfeiture of the entire invoices should be directed. Columbia Corruption. At a meeting of the District of Columbia investigating committee to-day, the District filed a to the of the charges authorities memorialists, written answer denying each and every allegation of fraud, conspiracy or confederation with John O. Evans and others named by the memorialists. The answer admits that large contracts were given to these parties, but sweepingly and specifically denies there was any collusion between the Land Board of Public Works and other District authorities. The existence of the Kilbourne memorandum and the Huntingdon letter is also admitted, but it is denied they sustain the memorialists' charges in any particular. The journal of the Board of Public Works was produced, and the committee ordered a taanscript of that portion relating to the meeting at which the bids were opened for pavements, to be put in evidence. Recess. Nat. Banks, Comptroller of Currency, has issued a circular calling upon the National Banks for report of their condition at the close of business on Friday, the 27th of February. The following were the custom receipts for the week ending March 15: New York, $2,562,341; Philadelphia, $212,403; Baltimore, $131,331; Boston, $158,429. The outstanding legal tenders are $382,0000,000. Expenditures for Public Buildings. committee on The Senate grounds to-day submitted public buildings and a report on Senate resolution directing them to inquire into the expediency of suspending expenditure of all appropriations for public buildings, not yet commenced, and of COVering such appropriations into the treasury. The committee are of opinion that expenditures for public buildings, in the present exligency for economy, should be cut down with as much severity as any of the other expenditures, but that they ought not to be singled out as the least meritorious of all, and denied in a lump. In the course of the report it is recommended that the following work be authorized immediately to be done in Washington City, in order mainly to provide needed facilities for the public service, and save large expenditures for rent of private buildings now used. The Court of Claims should be removed to the city hall building, to give more space for committee rooms in the capitol, and the city hall should be enlarged so as to accommodate the Pension Bureau; the Postoffice Department should be enlarged; a building should be erected for the Printing Bureau of the Treasury Department, and part of the latter should be extended: also provision should be made for the Congressional Library Bureau, and the addition recently made to the capitol grounds should be improved so as to carry out the design of their purchase. First National. The sub committee appointed by the Committee on Banking and Currency to investigate the affairs of the First National bank of this city, to-day submitted a report to the full committee. The report charges grave irregularities on the part of officials which cannot be punished under any exlisting law, and the committee recommend an amendment to the National banking laws which will change cases in future. Among other things, the sub committee state that just previous to the failure of the bank its capital was deposited with Jay The committee a of further Cooke & consideration Co. the report will make at the meeting next Monday.

23. April 9, 1874 Nashville Union and American Nashville, TN
Article from Nashville Union and American, April 9, 1874

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THE visit of ex-President Andrew Johnson to Washington is with reference to the drawing of another dividend on the funds he deposited in the First National Bank of that city before its failure during the late panic. The present dividend is twenty per cent., which will make fifty per cent. of his deposit of about $70,000.

24. July 29, 1874 Evening Star Washington, DC
Article from Evening Star, July 29, 1874

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LOCAL NEWS, Condensed Locals. The United Stone Outters have agreed to contribute $500 for the Washington Monument. In the Equity Court, Judge Wylle, to-day a number of orders were made, and the court adjourned to Thursday, August 6th. Attention is called to the excursion of Phoenix Tent of Rechabites. Advertisement in another column. Anderson Scott was taken from this city to Maryland yesterday, on a requsition from the Governor to answer a charge of robbery. The Fairfax M. E. camp meeting, near Thornton station, Washington and Ohio railroad, under the supervision of Revs. E. P. Phelps and Henry Clement, commences tomorrow. Lieut. Hoxie has requested Col. Amos Webster, adjutant general of the District, to furnish & correct inventory of all the public property, arms, accoutrements, &c., in the possession of the District. E. L. Stanton, Esq., receiver of the First Na. tional Bank, has rented the lower floor of the building, formerly occupied by Jay Cooke & Co., to the Citizens' National Bank of Washington. The 2d floor, formerly occupied by the First National Bank, will be reserved, in contemplation of the reopening of that bank. The game of base ball yesterday on the Olympic ground between the Philadelphia Club, professionals, and our Nationals, amateurs. was won by the former by a score of 11 to 3. The game in Baltimore yesterday tetween the Creighton Club. of this city, and the Peabody Club, of Baltimore, both amateur organizations, was won by the Washingtonians by a score of 21 to 7.

25. August 1, 1874 Nashville Union and American Nashville, TN
Article from Nashville Union and American, August 1, 1874

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81,325,000. The firm took the North Pacific bonds at 83 cents and interest, making about 861 cents. He understood the bonds were now worth 30 cents in the market. If aid should be granted by Congress the bonds would be above par. Henry D. Cooke stated in his examination that the firm owed the First National Bank of Washington $600,000. for which the bankhad no security, except $100,000 in Northern Pacific bonds. The individual members of the firm were principal owners of the bank. He owed the bank personally $49,000 when it suspended. Among the individual accounts with the First National Bank which were overdrawn was that of U. S. Grant, to the amount of $2,506.87. The bank was indebted to the Treasury Department $175,000, on account of continuous transactions running back to 1862. Gov. Cocke said he advised the investments in Northern Pacific,