2030. H. D. Cooke & Co. (Washington, DC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
October 23, 1884
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
fc50929d

Response Measures

None

Description

Multiple contemporaneous articles (Oct 23–25, 1884) report the private banking house H. D. Cooke & Co. displayed a notice that it would 'suspend temporarily' on Oct 23, 1884, citing inability to meet pressing demands caused by outside speculations/unfortunate investments and a general shrinkage of values. On Oct 24 the firm made an assignment to an attorney (Horace F. Cummings), indicating insolvency/closure rather than a mere brief stoppage. No article describes a depositor run; therefore this is a suspension (no run) followed by assignment/closure.

Events (2)

1. October 23, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure/suspension attributed to outside speculations and unfortunate investments (promoter interests in Florida Canal Co. and Washington & Ohio Railroad) and consequent inability to collect debts and meet demands; also cited general shrinkage of values and prevalent distrust as contributing factors.
Newspaper Excerpt
Owing to our inability to meet pressing demands, we deem it better for the interests of all concerned to suspend temporarily.
Source
newspapers
2. October 24, 1884 Other
Newspaper Excerpt
H. D. Cooke & Co. have to-day made an assignment to Horace F. Cummings of the law firm of Cummings & Baker (to protect interests until resumption or payment).
Source
newspapers

Newspaper Articles (17)

Article from Evening Star, October 23, 1884

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TWO CENTS. card it as the last of these failures here. It is the last of the weak banks. All of the banks now are strong and in excellent condition. I speak, of course of the recognized banking institutions WHAT BANKER BATEMAN SAYS Mr. Bateman, the banker, says: "Mr. Cooke has the earnest sympathy or all the bankers in the city. I have no doubt from what I know of Mr. Cooke's affairs that the assets far exceed the liabilities, and his suspension, in my opinion, will be but temporary. The failure of Middleton & Co. and Squier & Co. has to some extent affected all the private banks in the District, and the general distrust and panic has caused a gradual but steady decline in deposits. The banks of the city will lose nothing. I am satisfied. when all the facts are known, Mr. Cooke's conduct will be judged highly honorable in all respects." NO EXCITEMENT AT THE DOWN-TOWN BANKS. The announcement of the suspension down town caused little excitement, and some of the banking houses were unaware of it as late as 11 o'clock. The banks on 7th street-the Second National, the National Bank of the Republic, the Central National, and the Bank of Washington-were found quietly doing their usual business this afternoon. being entrely unaffected by the rumor. Mr. Norment, of the Central National, said that the National and other down-town banks were not the least affected by the suspension, and he saw no reason whatever to doubt the stability of the down-town banks. This sentiment was voiced by officers of the other banks. A HISTORY OF THE FIRM. The firm of H. D. Cooke & Co., which suspended to-day, was established in 1873. The name of Cooke has been intimately identified with the banking interests of the city for many years. Mr. Henry D. Cooke was a son of the late Henry D. Cooke, and a nephew of Jay Cooke, the once celebrated banker. Mr. Henry D. Cooke, sr., was a member of the banking firm of Jay Cooke & Co., which falled in September, 1873, causing one of the most memorable financial panies ever experienced in this country. He was also president of the First National bank of this city, which was located on 15th street, and which fell in the crash that followed the Jay Cooke failure. He was highly esteemed as a citizen, and when the territorial form of government for the District was adopted, in 1871, was appointed as the first governor of the District, in which office he was succeeded by Alex. R. Shepherd. Mr. Cooke, Sr., died about four years ago. Mr. Henry D. Cooke, jr., was assistant cashier in the First National bank under the presidency of his father. About a year after the failure in 1873 be began banking busine-s for himself, being first associated with Mr. John Sherman, a nephew of Senator Sherman. Subsequently he was in business with Mr. Lester A. Bartiett and other gentlemen, the name of the firm being H. D. Cooke & Co. He formed his present partnership about a year ago. Mr. Cooke has been considered as one of the ablestand brightest of the young business men of the city. He has always been very popular, and his present reverses have called forth expressions of sympathy from every side. When the condition of his affairs became known this morning the sum of $30,000 was tendered by bankers to tide him over his difficulties, but was declined. The firm, It is stated, had no connection with any New York house, such as would involve it in the suspension. The business has been largely a brokerage business, and it is said the largest creditors are persons who have been speculating through the firm. Mr. Cooke was in New York yesterday, and coming home on the train seemed to be in such good spirits as to preclude the idea that he had any knowledge that the house would close. At the depot he was met by Mr. Corson.


Article from Alexandria Gazette, October 23, 1884

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POSTSCRIPT ASSOCIATED PRESS DISPATCHES. Failure of H. D. Cooke & Co. WASHINGTON, D. C., October 23.-The private banking house of H. D. Cooke & Co., in this city, displayed the following notice at the usual opening hour this morning: "Owing to our inability to meet pressing demands, we deem it better for the interests of all concerned to suspend temporarily." The firm consists of H. D. Cooke, of Washington, and A. G. Campbell, of Kansas and Utah. The latter is not in the city, and Mr. Cooke has remained at his residence this morning. From Major John W. Carson, who is confidential clerk of the house, it is learned that the total indebtedness of the firm is $170,000, of which amount $30,000 is fully secured. The liabilities are nearly all due to Washington creditors, there being only a few thousand dollars due to creditors in Baltimore, New York and Chicago. The indebtedness to all Washington bankers is abundantly secured. Major Carson says there is every reason to believe that the firm will be able, with the aid of some indulgence as to time, to pay all their liabilities in full. It is also learned at the bank that the suspension results from unfortunate investments dating back a number of years. The firm's unsecured liabilities amounted to about $400,000 last January, and they have steadily been paid *sinee that time until they are now reduced to $140,000. The firm has at, last reached a point, however, where the remaining assets prove to be unavailable for immediate use in the market, and can be realized upon only by good management and waiting for suitable opportunities. The firm had no interest in the Washington and Ohio Railroad, although Mr. Campbell, individually, purchased one-third of it for $94,000 at a receiver's sale two years ago. Later in the day Mr. Cooke was seen by a representative of the Associated Press. He said he preferred not to discuss the matter of the suspension until he should see his partner, Mr. Campbell, who is absent in the West, and whom he had been unsuccessfully endeavoring to reach by telegraph. He, however, assigned as the cause of the suspension the general shrinkage of values, the prevalent distrust throughout the country and the consequent inability of the firm to collect debts due them and to procure the carrying out of contracts in their favor. "My partner Mr. Campbell," said Mr. Cooke, "is uninformed as to the action that I have assumed the responsibility of taking. Our actual liabilities of every sort whatever after deducting offsets on our book are about $140,000. 1 have no doubt that the assets of the firm including railroad and land interests and deducting every questionable debt due us are more than ample to pay off every liability." NEW YORK, October 23.-The report in Wall street is that the failure of H. D. Cooke & Co., bankers in Washington, is due to outside speculations. They have been promoters of Florida Canal Company and Washington and Ohio railroad, both of which have been heavy drawers on their resources. Their liabilities are $150,000, due to individuals in Washington. Assets are made up of securities of indefinite value. They have not done any stock business for some time. Grosbeck & Schley, their New York correspondents, closed their account some months ago. No creditors in New York.


Article from Savannah Morning News, October 24, 1884

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A PRIVATE BANK RUINED. COOKE & CO., OF WASHINGTON, SUCCUMB TO SPECULATION. The Liabilities Probably About $150,000-Confidential Clerk Carson Says that Payment in Full will Probably be Made-The Crash not Widespread in its Effects. WASHINGTON, Oct. 23.-The private banking house of H. D. Cooke & Co., in this city, displayed the following notice at the usual opening hour this morning: Owing to our inability to meet pressing demands we deem it best for the interests of all concerned to suspend temporarily. The firm consists of H. D. Cooke,of Washington city, and R. G. Campbell, of Kansas and Utah. The latter is not in the city and Cooke has remained at his residence this morning. From Maj. Jno. W. Carson, who is the confidential clerk of the house, it is learned that the total indebtedness of the firm is $170,000, of which amount $30,000 is fully secured. The liabilities are nearly all due to Washington creditors, there being only a few thousand dollars due to creditors in Baltimore, New York and Chicago. The indebtedness to all Washington bankers is abundantly secured. Maj. Carson says that there is every reason to believe that the firm will be able, with the aid of some indulgence as to time, to pay all their liabilities in full. UNFORTUNATE INVESTMENTS. It was also learned at the bank that the suspension results from unfortunate investmentsdating back a number of years. The firm'sunsecured liabilities amounted to about $400,000 last January, and they have steadily been paid off since that time till they are now reduced to $140,000. The firm has at last reached a point, however, where the remaining assets prove to be unavailable for immediate use in the market, and can be realized upon only by good management and waiting for suitable opportunities. The firm had no interest in the Washington and Ohio Railalthough Mr. Campbell individually. road, purchased one-third of it sale for some $94,000 at the receiver's a year or two ago. Later in the day Mr. Cooke wasseen by a representative of the Associated Press. He stated that he preferred not to discuss the matter of the suspension until he should see his partner, Mr. Campbell, who is absent in the West, and whom he had been unsuccessful in trying to reach by telegraph. He, however, assigned as the cause of the suspension the general shrinkage of values, private distrust throughout the country and the consequent inability of the firm to collect debts due them, and to procure the carrying out of contracts in their favor. Mr. Cooke further said: My partner, Mr. Campbell, is uninformed as to the action. I have assumed the responsibility of taking it. Our actual liabilities of every sort whatever, after deducting the offsets on our books, is about $140,000. I have no doubt that the assets of the firm, including railroad and land interests, and deducting every questionable debt due us, are more than ample to pay off every liability. NO EXCITEMENT CAUSED. The suspension caused no excitement or disturbance in Washington banking or commercial circles, and no ill effects are anticipated. Mr. Campbell, the nonresident Western partner, is said to be man of large wealth and liable, as a general partner. for all the debts of the firm. It is therefore expected that they will be fully paid at an early date. THE NEWS IN WALL STREET. NEW YORK, Oct. 23.-The report in Wall street is that the failure of H. D. Cooke & Co., bankers, in Washington, is due to outside speculations. They have been promoters of the Florida Canal Company and the Washington and Ohio Railroad, both of which have been heavy drawers on their resources. Their liabilities are $150,000 due to individuals in Washington. The assets are made up of securities of indefinite value. They have not done any stock business for some time. Grosbeck and Schley, their New York correspondents, closed their account some months ago. There are no creditors in New York. MALON RESIGNS. BRUSSELS, Oct. 24, 2 A. M.-M. Malon, the Prime Minister. has resigned.


Article from The Portland Daily Press, October 24, 1884

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FINANCIAL. The Private Banking House of H. D. Cooke & Co., Washington, Suspends. WASHINGTON. Oct. 23 - The private banking house of H. D. Cooke & Co., displayed the following notice at the usual opening hour this morning: "Owing to our inability to meet pressing demands, we deem it better for the interests of all concerned to suspend gemporarily." Reports received in Wall street, New York, say that H. D. Cooke & Co., of Washington, failed owing to outside speculations. They have been promoters of the Florida Canal Company and the Washington & Ohio Railroad, both of which have been heavy drawers on their resources. The liabilities are $170,000, due to individuals in Washington. The assets are made up of securities of an indefinite period. The firm has not done any stock business for some time. Grosbreck & Schley, their New York correspondents, closed their accounts some months ago. There are no creditors in New York. The firm of H.D. Cooke & Co. consists of H. D. Cooke of Washington city, and A. G. Campbell of Kansas aud Utah. The latter was not in Washington today, and Mr. Cooke remained at his residence all the |morning. From John Corson, the confidential clerk of the house, it was learned that the t tal indebtedness of the firm is $170,000, of which amount $30,000 is fully secured. The liabilities are nearly all due to Washington creditors, there being only a few thouBand dollars due to creditors in Baltimore and Chicago. The indebtedness to all Washington bankers is abundantly secured. Mr. Cerson says there is every reason to believe that the firm will be able, with the aid of some indulgence as to time, to pay all liabilities in full. A later despatch says that the firm's liabilities in January were $400,000, but they had been steadily paying them off since that time until they are now reduced to $140,000 The firm has at last reached a point, however, where the remaining assets prove to be unavailable for immediate use in the market, and can be realized on only by good management and waiting for suitable opportunities. The firm had no interest in the Washington & Onio railroad, although Mr. Campbell individually purchased obe-third of it for some $94,000 at the receiver's sale a year or two ago.


Article from The Wheeling Daily Intelligencer, October 24, 1884

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BANK BROKEN In the Capital-Hillroad Enterprises Appear to Have Been Too Much for It. ASHINGTON, Oct. 23.-The private banking house of H.D. Cooke & Co., this city, displayed the following notice at the usual opening hour this morning: 'Owing to our inability to meet pressing demands, we deem it better for the interests of all concerned to Buspend temporarily." The firm consists of H. D. Cooke, Washington city, and A. G. Campbell, Katisas and Utah. The latter is not in the city and Mr. Cooke has remained at his resi dence this morning. From Major John W. Carson, confidential clerk of the house, it is learned the total indebtedness of the of the firm is $170,000, of which $30,000 is fully secured. The liabilities are nearly all due Washington creditors, there being only a few thousand dollars due creditors in Baltimore, New York and Chicago. The indebtedness to all Washington bank ers is abundantly socured. Major Carson says there is every reason to believe that the firm will be able, with the aid of some indulgence and time, to pay all liabilities in full. A prominent banker offered Mr. Cooke a loan of $30,000, to bridge him over his embarrassment, but the firm has declined assistance. On the first of January last the liabilities of the house amounted to $400,000. The available assets aggregate about $103,000, which includes a third in terest in the Washington, Ohio & Western Railroad, valued at $04,000, and which is now paying SIX percent; and $40,000, in bonds of the Florida Coast Caral, beside large interests in telephone stock. None of these holdings can be at present realized upon at their actual value. It is said that the out-tanding paper of the firm is amply secured by collateral, and this statement is borne out by banks holding such paper. The firm had but few depositors, their business being principally buying and selling stocks. Mr. Cooke stated to a reporterthisafternoon that he preferred not to discusss the matter of the suspension until he had seen his partner, Mr. Campbell, whom the had been endeavoring to reach by telegraph. The cause of the failure," said Mr. Cooke, "is attributs to the shrinkage of values, and the general distrust which prevails regarding everything and everybody, and the consequent inability to collect debts due the firm, and the carrying out of contracts in their favor. My partner, Mr. Campbell, is informed of the action that I have assumed the responsibility of taking. Our actual liabilities of of every sort whatever, after deducting offsets on our books, is about $140,000. have no doubt that the assets of the firm. including railroad and land interests, and deducting every questionable debt due us, are more than ample to pay off eve liability. New York, Oct. 23.-The report on Wall street is that the failure of H. D. Cooke Co., bankers, of Washington, is due to outside speculation. They have been the promoters of the Florida Coal Company and the Washington & Ohio Railroad, both of which have been heavy drawers on their resources. Their liabilities are $150,000, due individuals in Washington. Their assets are made up of securities of indefinite value. They have not done any stock business for some time, Grosbeck and Schley, their New York correspondents, closed their accounts some months ago.


Article from Richmond Dispatch, October 24, 1884

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Suspension of Washington Bankers. (By telegraphito the Dispatch.) ASBINGTON, October 23.-The private banking-house of H. D. Cooke & Co., in this city, displayed the following notice at the usual opening hour this morning : "Owing to our inability to meet pressing demands, we deem it better for the interests of all concerned to suspend temporarilv." The firm consists of H. D. Cooke, of Washington city, and R. G. Campbell. of Kansas and Utab. The latter is not in the city, and Cooke has remained at his residence this morning. From Major John W. Corson. who is the confidential clerk of the house. it is learned that the total indeltedness of the'tirm is $170,000. of which amount $30,0 0 is fully secured. Later in the day Mr. Cooke assigned as the cause of the suspension a general shrinkage of values. prevalent distrust throughout the country, and consequent inability of the firm to collect debts due them. and to procure the carrying out of contracts in their favor. My partner. Mr. Campbell," said Mr. Cooke, .. 18 uninformed as to the action that I have assumed the responsibility of taking. Our actual liabilities of every sort whatever after deducting offsets on our books is about $140,000. I have no doubt that the assets of the firm, including the railroad and hand interests and deducting every questionable debt due us, are more than ample to pay off every liability." NEW YORK, October 28.-The report in Wall street IS that the failure of H. D. Cooke & Co., bankers in Washington, is due to outside speculation. They have been the promoters of the Florida Canal Company and the Washington and Ohio railroad, both of which have been heavy drawers on their resources. Their Habillties are $150,000--due to individuals in Washington. The assets are made up of securities of indifferent value.


Article from St. Paul Daily Globe, October 24, 1884

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The Failure of H. D. Cooke & Co. WASHINGTON. Oct. 23.-The private banking house of H. D. Cooke & Co., of this city, displayed the following notice at the usual opening hour this morning: "Owing to our inability to meet our pressing demands, we deem it better for the interests of all concerned to suspend temporarily." The firm consists of H. Cooke, of Washington, and A. G. Campbell, of Kansas and Utah. The latter is not in the city, and Mr. Cooke has remained at his residence this forenoon. From Maj. Jno. W. Carson, confidential clerk of the house, it is learned the total indebtedness of the firm is $170,000, of which $30,000 is fully secured. The liabilities are nearly all due Washington creditors, there being only a few thousands due creditors in Baltimore, New York and Chicago. The indebtedness to Washington bankers is abundantly secured. Major Carson says there is every reason to believe the firm will be able, with the aid of some indulgence in time, to pay the liabilities in full. It is also learned at the bank that the suspension results from unfortunate investments, dating back a number of years. The firm's unsecured liabilities amounted to about $400.000 last January, and they have steadily been paid off since that time, until they are now reduced to $140,000. The firm has at last reached a point, however, where the remaining assets prove to be unavailable for immediate use in the market, and can be realized upon only by good management and waiting for suitable opportunities. The firm had no interest in the Washington & Ohio railroad, although Mr. Campbell individually purchased one-third of it for some $94,000, at the receivers sale a year or two ago. Later in the day Mr. Cook was seen by a representative of the Associated Press. He said he preferred not to discuss the matter of the suspension until he should see his partner, Mr. Campbell, who is absent in the west and who he had been unsuccessfully endeavoring to reach by telegraph. He, however, assigned as the cause of the the suspension the general shrinkage of values, the prevalent distrust throughout the country and consequent inability of the firm to collect debts due and procure carrying out contracts in their favor. "My partner, Mr. Campbell," said Mr. Cook, "is uninformed as to the action I have assumed, the responsibility of taking. Our outlying responsibilities of every sort, deducting the assets on our books, are about $140,000. I have no doubt the assets, after deducting all liabilities on railroad account are more than ample to pay off every liability.


Article from St. Paul Daily Globe, October 24, 1884

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FINANCIAL MORNING REPORT. NEW YORK, Oct. 23.-11 a. m.-Stocks: Opened weak and declined 4014 per cent., the latter for Western Union Telegraph, and the whole list was lower in sympathy, but the decline was less important. Later on there was a sharp rally. At 11 weakness again prevailed. It is reported in Wall street that the failure of H. D. Cooke & Co., bankers, Washington, was due to outside speculation. They have been promoters of the Florida Canal company and the Washington & Ohio railroad, both of which have been heavy drawers on their resources. Their liabilities are $150,000, due to individuals in Washington, the assets being made up of securities of indefinite value. They have not done any stock business for some time. Grossback & Schley, their New York correspondents, closed their accounts some months ago. AFTERNOON REPORT. Money at 1@2 per cent. Bar silver, $1.09%. Stocks-Strong and higher during the past hour. The owners of about $1,000,000 of New York, West Shore & Buffalo bonds have ade dressed a letter to President John A. Stewart, of the Unlted States Trust company, who is trustee of the bonds, protesting against the action of the receivers in cutting passenger rates. The bondholders fear that a debt of receivers' certificates will be created that will destroy the value of the first mortgage bonds. They are in favor of removing the receivers. Stocks very irregular this afternoon. Vanderbilts rather weak. Union Pacific was strong. The last mentioned rose to 53% on revival of the reports that dividends would be resumed next year. The market closed generally firm.


Article from St. Paul Daily Globe, October 24, 1884

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FINANCIAL MORNING REPORT. NEW YORK, Oct. 23.-11 a. m.-Stocks: Opened weak and declined ¥014 per cent., the latter for Western Union Telegraph, and the whole list was lower in sympathy, but the decline was less important. Later on there was a sharp rally. At 11 weakness again prevailed. It is reported in Wall street that the failure of H. D. Cooke & Co., bankers, Washington, was due to outside speculation. They have been promoters of the Florida Canal company and the Washington & Ohio railroad, both of which have been heavy drawers on their resources. Their liabilities are $150,000, due to individuals in Washington, the assets being made up of securities of indefinite value. They have not done any stock business for some time. Grossback & Schley, their New York correspondents, closed their accounts some months ago. AFTERNOON REPORT. Money at 1@2 per cent. Bar silver, $1.09%. Stocks-Strong and higher during the past hour. The owners of about $1,000,000 of New York, West Shore & Buffalo bonds have addressed a letter to President John A. Stewart, of the Unlted States Trust company, who is trustee of the bonds, protesting against the action of the receivers in cutting passenger rates. The bondholders fear that a debt of receivers' certificates will be created that will destroy the value of the first mortgage bonds. They are in favor of removing the receivers. Stocks very irregular this afternoon. Vanderbilts rather weak. Union Pacific was strong. The last mentioned rose to 53% on revival of the reports that dividends would be resumed next year. The market closed generally firm.


Article from The Dillon Tribune, October 25, 1884

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CURRENT NEWS NOTES. I (Botted Down from the Late Teleprams.) The notorious Tichborne claimant has been released from prison. The firm of H. D. Cooke & Co., Wash. ington, has failed for a large amount. On the 23d at Levington, Ky., Maud S. trotted a mile in 2:04 and repeated in 2:01 1/2. The libei suit of James G. Blame against the Indianapolis Sentinei is set for Decem. ber 23d. In the States composing this Yankee nation the betting on the Presidential election is heavy The President has appointed Stephen Wilson of Pennsylvania to be Associate Justice of the Supreme Court of New Mexico. The President has designated Lieutenant-General to act as Sheridan of Secretary of War during the absence Secretary Lincoln. The firm of Donnell, Lawson & Simp son, bankers, which failed during the recent panic in Wall street, New York, announce that they will resume immediately. The Czar. Prince of Wales and King of Greece are urging the Duke of Cumberland to make some arrangement with Emperor William in regard to, the Brunswick succession. The Secretary of State has designated Kasson, United States Minister to Ger many, as representative on the part of the United States at the Congo conference, to be held in Berlin. Three physicians examined Boone, Gov ernor Cleveland's assailant, at Albany on the sane, but under severe nervous laboring 22d inst. They declare be excitement, is and liable to do violent acts. A dispatch from Sydney, New South Wales, states that the British man-of-war Nelson had arrived in Orangrie bay, and proclaimed British protectorate over the southwest coast of New Guinca a R. Williams of David City, Neb., superintendent of it Sunday school and a strong supporter of the abstemious St. is wanted: also $27,000 he John, church which and borrowed from friends in the Sunday school. He is in Canada The Pope will create eight new cardinals at the secret consistory. The persons who will be honored are the Archbishops of Vienna, Seville and Palermo and Monsignors Mossai, Morosignor, Laurenzie, Mazotti and Verga. There are still seven vacancies remaining in the college of cardinals. Chinese troops continue to pour into Tonquin. Great uneasiness is felt in Paris on this account. The Cabinet is divided as to what measures should be adopted to reinforcements. Minister of provide penon, War, without declines General to mobil- Camize the Corps Armie authority from the Chamber. Many thousands of people attended Sullivan's runeral at was were very long. Dublin. Conspicuous The in procession it the of the and of Dublin, many clergy Mayor corporation, Irish the members Bishop and various public bodies. were the of Many Parliament shops closed in honor of distinguished dead. The funeral of Mr. Wormley, the famous hotel keeper, at Washington, was one of the remarkable respect ever to a colored man counmost paid tributes in of this An immense try. crowd of assembled friends and admirers of the dead man, in and the streets were so thronged the had the that the hotel, police difficulty in keeping way clear for carriages. A conference was held at New York on the 23d between Messrs. Sage, Gould, Adams and Smith. President of the Oregon Transcontinental Company, whereby the loan called from the Oregon Transcontinental last week has been taken up, and securities of the Oregon Railway and Navinto the igation passed hands Union of the Pacific Gould It is said that the have thus secured a party. people majority interest in the Oregon Railway and Navigation Company. A special from the center of Alabama says that on the night of the 21st inst., a mob hanged J. R. Dorsey, postmaster at a man aged 75. Jane it past years, the Alpine, Wade, Ga., prostitute, 60 and to same limb and by the same rope, for the Mrs. Davis and guest, three ago. Jones, murder near of Alpine, weeks her C.C. Mrs. Davis was Dorsey's niece. He assas-


Article from Fort Worth Daily Gazette, October 25, 1884

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THE BUSINESS WORLD. A Washington Banking House Makes an Assignment - Syracuse Jewelers Suspend. Commissioner Armstrong's Report Giving the Financial Status of the Land Grant Railways. A BANKING HOUSE ASSIGNS. WASHINGTON, Oct. 24.-H. D. Cooke & Co. have to-day made an assignment to Horace F. Cummings of the law firm of Cummings & Baker. Mr. Cooke says that this action is taken in order to protect the interests of all con cerned until the firm can arrange for resumption or payment.


Article from Martinsburg Independent, October 25, 1884

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THE HOUSE OF H. D. COOKE & co., OF WASHINGTON, SUSPENDS. WASHINGTON, October 23.-The rivate banking house of H. D. Cooke & Co., in this city, dislayed the following notice at the usual opening hour this morn50 Owing to our inability to meet ressing demands we deem it better for the interests of all concerned to suspend temporarily. The firm consists of H. D. Cooke, of Washington city, and A. G. Cambell, of Kansas and tah. The latter is not in the ity, and Mr. Cooke has remained at his residence this morning. From Major John W. Corson, ho is a confidential clerk of the house, it is learned that the total indebtedness of the firm is $170,000, of which amount $30,000 is fully secured. The liabilities are nearly all due to Washington creditors, there being only a few thousand dollars due to creditors in Baltimore, New York and Chicago. The indebtedness to all Washington bankers is abundantly secured. Major Corson says there is every reason to believe that the firm ill be able, with the aid of some indulgence as to time, to pay all their liabilities in full.


Article from The Iowa Plain Dealer, October 30, 1884

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WASHINGTON. An arrangement for the exchange of mail matter of domestic rates of postage has been concluded between the Mexican Minister at Washington and Postmaster General Hatton. Gen. Hazen, in his annual report on the operations of the Signal Service, states that during the past year no general storm has passed over the country without warning. H. D. Cooke & Co., private bankers of Washington. have suspended payment. The head of the house is a brother of Jay Cooke, and was formerly Governor of the District. The liabilities are said to be $1.0,000, mainly due to local creditors. The firm was interested in the Florida Canal Company and the Washington and Ohio Road. The Patent Examiners-in-Chief at Washington have made decisions in the telephone case of Bell, Edison, and others in favor of Bell, one decision involving the principal feature of the telephone.


Article from Delaware Gazette and State Journal, October 30, 1884

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4 PRIVATE BANK FAILURF. A Notice of Suspension on the Door of a Washington Bank Today. WASHINGTON, Oct. 23.-The private banking house of H. D. Cooke & Co. in this city displayed the following notice at the usual opening hour this morning : "Owing to our inability to meet pressing demands, we deem it better for the interests of all concerned to suspend temporarily." The firm consists of H. D. Cooke of Washington City and W. G. Campbell of Kansas and Utah. The latter is not in the city, and Mr. Cooke has remained at his residence this morning. From Major John W. Corson, who is confidential clerk of the house, it is learned that the total indebtedness of the firm is $170,000 of which amount $30,000 is fully secured. The liabilities are nearly all due to Washington creditors, there being only a few thousand dollars due to creditors in Baltimore, New York and Chicago. The indebtedness to all Washington bankers in abundantly secured. Major Corson says there is every reason to believe that the firm will be able with the aid of some indulgence as to time, to pay all their liabilities in full. WASHINGTON, Oct. 24.-Messrs. H. D. Cooke & Co. have to-day made an assignment to Horace F. Cummings of the Washington law firm of Cummings & Baker. Mr. Cooke says this action is taken in order to protect the interests of all concerned until the firm can arrange for resumption or payment. New YORK, Oct. 25.-The public grain and stock exchange of Chicago obtained an attachment to-day against the prop. erty in this state of H. D. Cooke & Co., bankers of Washington, who have suspended payment. The exchange had $4,000 on deposit with Cooke & Co.


Article from The Iola Register, October 31, 1884

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A WEEK'S NEWS. Gleaned by Telegraph and Mail WASHINGTON NOTES. OFFICER SCHLEY, of the Greely expedition, has just made a report to the Secretary of the Navy, which throws new light on the Arctic expedition. From his report may be gained many gloomy glimpses of Polar life and the great hardships to which the explorers were on every hand subjected. He draws a picture of Lieutenant Greely as be was found, emaciated and unable to stand alone, but even in such an hour of weakness and despair, he was reading in a low voice from a prayer book and endeavoring to comfort a dying comrade. The report is very interesting. THE Postmaster-General recently referred a number of S ar Route cases to the Court of Claims for settlement. IT has been rumored of late that President Arthur is soon to wed Miss Tillie Frelinghuysen, the eldest daughter of Secretary Frelinghuysen. The rumor created much gossip in society circles, but has been denied by Mr. George Frelinghuysen, a brother ef the rumored affianced. THE private banking house of H. D. Cooke & Co., of Washington, D. C., recently hung a notice of temporary suspension in their window. It was learned that their total indebtedness was $1,700,000, of which $1,300,000 was fully secured. WILLIAM H. DEMPSEY, of Washington, D. C., was lately indicted by the Grand Jury of the Boston circuit on the charge of defrauding the Navy Department. He was a stationer, and supplied most of the stationery used in the different departments of the capital. His plan, he alleged, was to secure orders from a department and receive payment for goods without delivering them.


Article from The Douglas Independent, November 1, 1884

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C. P. Huntington says business in the East is picking up. The losses by the fire at Carthage, N. Y., aggregate $500,000. Commander Schley has issued his report 0 on the rescue of Greely. Martin Murphy, a San Francisco millionaire, died last week. Lack of funds prevents the completion of the Bartholdi statue pedestal. The stage between Jefferson City and Boulder, M. T., was robbed recently. The coinage of silver in the United States the past year, has been $27,000,000. Extensive forest fires are raging in New Jersey in Camden and Gloucester counties. J. R. Dorsey, aged 75, and Jane Wade, aged 60, were lynched at Centre, Ala,, last week. Scarlet fever or scarlatina is epidemic at the Wisconsin Industrial School for girls in Milwaukee. Adams' express office at Woonsocket, R. I., was entered and robbed of $11,000 the other night. The taxable property of San Louis Obispo, Cal., exceeds $8,000,000, an increase of over 35 per cent. The receiver of the Wall Street Bank, New York, has begun the payment of dividends on 20 per cent. The liabilities of A. W. Bowman, capitalist, San Francisco, who recently assigned, will reach $1,000,000. John Welsh, a New York jeweler, gave a banquet last week to the surviving members of Stevenson's regiment. The private banking house of H. D. Cooke & Co., of Washington, has failed. Liabilities, $170,000; assets, $30,000. The Central Pacific Railroad has adopted the time of the 120th meridian for trains running west of Ogden and El Paso. Pension Commissioner Dudley has been exonerated from the charge of giving preference to applicants from Ohio and Indiana. The boys employed in a number of glass factories in Pittsburg are on a strike for an advance of 5 to 10 cents per day in their wages. The engagement of President Arthur and Miss Tillie Frelinghuysen, daughter of the Secretary, is announced. The marriage will take place in January. The Department of State has been informed by the consul at Buda-Pesth that a general national exhibition will be held at that place, beginning on May 1, 1885. Carrie J. Welton, who recently perished on Long's Peak, Colorado, bequeathed $250,000 to the Society for the Prevention of Cruelty to Animals of New York. The Chinese Consulate in San Francisco has dispatched its attorney to Washington to represent its interests in several contested cases arising from the restriction law. The Secretary of the Treasury has received the reports of the special committeeappointed to consider the general question of classification of wool under a new tariff. The Secretary of State has designated Kasson, United States minister to Germany. representative of the United States at the Congo conference to be held in Berlin. A fire a few days ago burned the furniture factories of John & Ellison, and Freese & Brustmaier, Chicago. Loss on both will be about $35,000; insured for $11,000. The steamer Amerique, of the French line, while lying at New York last week, caught fire in her hold among some cotton. It was speedily extinguished, causing only a slight damage. Minnie Cummings, an actress, obtained a verdict of $25,000 last week against William B. Davis, a police officer, and Delia Murphy, milliner, of New York, in an action for false imprisonment. The Reading Coal and Iron Company's shaft was discovered to be on fire last week. The vein being perpendicular it is impossible to reach the fire. The mine will probably have to be flooded. The loss will be heavy. The Treasury Department last week issued a warrant for $166,667 in favor of the President of the World's Industrial and Cotton Exposition. This is the fourth installment of $1,000,000 appropriated by Congress for the Exposition. The physicians sent by the Minnesota State Board of Health to investigate the disease at Brookings, Dak., report it to be the most virulent type of small-pox. At least 150 people have been directly exposed and the gravest results are feared. The steamer Elder, from Bremen and Southampton, completed the voyage in seven days and five minutes from Queenstown, making the Elder the fourth fastest steamer afloat, having only been beaten by the America, Oregon and Alaska. Charles Mitchell, the pugilist, has 18sued a challenge to Dominick McCaffrey to fight within six weeks, with hard gloves or bare fists, in any city in the world, barring New Orleans, from $500 to forfeit. $2,500 a side. Mitchell has deposited $500 Information from the Texas border indicates carelessness or misunderstanding on the part of cattle inspectors, several Texas herds having been admitted to the territory of New Mexico, which, although free from the fever, have left a poisoned trail that has developed fever in the native herds. Says a Louisville, Ky., dispatch: Rubels Rock, a dangerous formation on the Ohio, at the falls, was blasted by the government employees recently. Almost every steamer afloat on the Ohio has suffered from the rock. Boats scrape the bottom and disledges. joint their hulls against the treacherous The wife of Joseph Shirley


Article from St. Landry Democrat, November 8, 1884

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TOPICS OF THE DAY. News from Everywhere. PERSONAL AND POLITICAL. , A LIQUOR dealer named Frank Rigney, of Winnipeg, Man., has disappeared, and is accused of forgeries of $15,500. He is probably now a citizen of Mexico or Canada. THE message of Queen Victoria to Parliament on the 22d, expressed the hope of her Majesty that the franchise bill might spon be passed. IN his annual report General Hazen, chief Signal officer, says the service is greatly crippled for the want of money. He regards the Greely expedition as foremost among its kind. AT the meeting of the Grand Lodge of Masons of Kentucky, at Louisville, on the 221, High Priest Farleigh discussed the papal letter against the order. He declared that the charges of Pope Leo against Masonry were false. COMMODORE SCHLEY, commander of the Greely relief party, has submitted his report to the Secretary of the Navy. He relates interesting details concerning the discovery of the explorers and their wretched condition when rescued. ON the 22d the annual convention of the National Wholesale Drug Association met in St. Louis, Mo. C. F. G. Meyer, of St. Louis, was elected President for the onsuing year; A. A. Mellier, of St. Louis, Vice-President; A. B. Merriam, of Cincinnati, Secretary, and S. M. Strong, of Cleveland, Treasurer. The delegates attended a banquet on the night of the 23d, and went on an excursion to Crystal City on the 24th. WILLIAM B. WASHBURN, was elected President of the American Missionary Association at Boston, Mass., on the 23d. IT is reported that Admiral Miot is negotiating with the Hova chiefs in Madagascar. ON the 23d Senator Platt addressed 25,000 people at the dedication of the soldiers' monument at Waterbury, Conn. THE United States Grand-Jury at Boston has indicted Wm. H. Dempsey for frauds in supply ing the Navy Department with stationery. THE firm of H. D. Cooke & Co., bankers, Washington, D. C., suspended on the 23d. The cause is attributed to outside speculations. Liabilities, $130,000. EMPEROR WILLIAM and Bismarck have recently been holding a series of conferences all by themselves. NOTICE has been given by Mr. Gladstone that he will ask in the Commons that priority be granted for the franchise bill. A LONG letter has been written.by Glads:one to the St. Osaph Diocesan Conference on the subject of the "Disestablishment of the Church of England." THE contract of Colonel Mapleson with Patti for the Drury Lane (London) season limits her fee to £450 nightly. Nilsson's fee is limited to £350 nightly. ON the 23d the King of Portugal gave an audience to Richmond, the newly appointed American Minister, who presented his credentials. WHILE dining on the 23d, Captain Wilkes Ballard, of Atlanta, Ga., placed his hand his forehead and exclaiming, "Such a pain!" died. He was well known to railroad men as the originator of "Ballard's Express." PRESIDENT GARRETT, on the part of the Baltimore & Ohio Railroad, has offered to transport the collective Sate exhibits of Maryland and West Virginia to the World's Industrial Exposition at New Orleans free of charge. ON the 23d snow fell in various parts of Ontario. In some places it was six inches deep. THE Teemer-Conley four-mile boat race has been postponed until November 8th. THE weekly papers in Ireland are exultant over the resignation of Trevelyan. THE suspended banking firm of H. D. Cooke & Co., Washington, D. C., made a formal assignment on the 24th. THE firm of Skopelwich Bros. & Co., wholesale jewelers and diamond dealers, Syracuse, N.Y., failed on the 24th. Liabilities, $75,000. DOMINICK MCCAFFREY refuses to fight Mitchell again for the reason that he wishes to tackle John L. Sullivan in the next match he makes. 1 ON the 24th the Whittier anniversay It was celebrated at Providence, R. I. was largely attended. A portrait of the poet was presented. JOHN T. PLEASANT, of the Petersburg (Va.) Mail, charged with eriminal libel, was found guilty of a misdemeanor, on the 24th, fined $5 and given one minute in jail. A LONDON dispatch says Gerster is suffering from rheumatism which, at last accounts, had attacked the muscles of her throat. THE Regency Council of the Duchy of Brunswick have refused to countersign the manifesto of the Duke of Cumberland, assuming government of the Duchy. The majority of the Bundesrath favor Prince Albert of Russia. IT is proposed to raise by subscription a fund of £10,000 for the benefit of the family of the late Alexander M. Sullivan, THE Chief Examiner of the Patent Office rendered a ision on the 24th awarding the priority of invention to Alexander Graham Bell in the matter of the telephone receiving instrument. ON the 24th, at the session of the Nation-