21084. Adams & Leonard (Dallas, TX)

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: November 20, 1884
Location: Dallas, Texas (32.783, -96.807)

Metadata

Model: gpt-5-mini
Short Digest: 74b35d92

Response Measures

None

Description

Private banking house Adams & Leonard in Dallas suspended (assignment) on Nov 20, 1884 due to inability to realize loans to cattlemen. An assignee (William H. Flippen/Flippen) took possession. Articles describe an assignment and attachments; no contemporaneous run reported and the firm appears to be in assignment/closure rather than a simple temporary suspension/reopening.

Events (3)

1. November 20, 1884 Other

Newspaper Excerpt: William H. Flippen, a member of another firm of private bankers, was appointed assignee and took immediate possession.
Source: newspapers

2. November 20, 1884 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Embarrassment resulted from inability to realize on large loans to cattlemen and on investments in Texas lands; stringency of the money market made collections difficult.
Newspaper Excerpt: The private bank of Adams & Leonard closed its doors at noon to-day. It is claimed that the embarrassment is only temporary.
Source: newspapers

3. November 21, 1884 Other

Newspaper Excerpt: Numerous attachments were levied and later reported (Missouri Pacific ran attachment for $88,405.45; other attachments followed).
Source: newspapers

Newspaper Articles (19)

1. November 21, 1884 Savannah Morning News Savannah, GA

Article from Savannah Morning News, November 21, 1884

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COMMERCIAL CRASHES. A Private Bank at Dallas, Texas, Closes Its Doors, but Will Resume. DALLAS, Nov. 20.-The private bank of Adams & Leonard closed its doors at noon to-day. It is claimed that the embarrassment is only temporary. The assets amount to nearly $500,000, invested in Texas bonds. The liabilities are not known. The firm is composed of Samuel J. Adams and the estate of Jackson L. Leonard. The bank was largely patronized by cotton and cattle men of North Texas, and has enjoyed unlimited credit for fifteen years. The embarrassment results from the inability of the firm to realize on large loans to cattlemen. The suspension created a great surprise in the city. Wm. H. Flipper, a member of another firm et private bankers, was appointed assignee and took immediate possession. Capt. Adams, of the suspended firm, states that the assets of the banks are ample to meet all liabilities, including deposits, and that creditors will get dollar for dollar. The liabilities are estimated at $300,000. The Merchants Exchange this afternoon passed a resolution of sympathy for Samuel J. Adams, the surviving partner. There has been no run on other banks. A CROCKERY DEALER FAILS. David Gosling, a wholesale and retail china and crockery dealer, made an assignment to-day. Attachments aggregating $20,000 were levied after the assignment was made. GUION'S FAILURE. LONDON, Nov. 20.-The Times' financial article says that the creditors of Stephen Guion, manager of the Guion steamship line, have accepted a compromise of five shillings on the pound. The Guion Company is in no wise connected with the financial troubles of Stephen Guion.

2. November 21, 1884 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, November 21, 1884

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A HEAVY FAILURE. Suspension of the Banking-House of Adams & Leonard, at Dallas, Texas. DALLAS, Tex., Nov. 20.-The well-known private banking-house of Adams & Leonard closed its doors at noon to-day. It is thought the embarrassment is only temporary. The assets amount to nearly half a million, largely invested in Texas lands; the liabilities are not known at this hour. The firm is composed of Samuel J. Adams and the estate of Jackson L. Leonard. The bank was largely patronized by the cotton and cattle men of North Texas, and has enjoyed unlimited credit for fifteen years. The embarrassment results from inability to realize on large loans to cattle men. The suspension is a great surprise in this place. William H. Flippen, a member of another firm of private bankers, was appointed assignee, and took immediate possession. Captain Adams, of the suspended firm. states that the assets of the bank deposits, and the creditors will get dollar for dollar. The only cause for the assignment is a failure to make collections. Among the assets are nearly 1,000,000 acres of unincumbered Texas lands. Experts are now working on the books. The assets and liabilities will be known to-morrow. The liabilities are estimated at $300,000. The Exchange this afternoon passed a resolution of sympathy for Samuel J. Adams, the surviving partner. There is no run on the other banks.

3. November 21, 1884 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, November 21, 1884

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LOCAL LORE. THE ADAMS BANK ASSIGNMENT. Latest Developments Connected Therewith-Some Interesting Railroad and Telegraph Rumors-Burglars at Eagle Ford. Assignment of Adams & Leonard. The announcement of the assignmen of the banking house of Adams & Leonard, which appeared in yesterday's HERALD, was the topic of town talk. This firm was the oldest banking institution in Dallas, and has always been regarded as solid in every respect. There seemed to be an opinion of genuine regret among our citizens that they should have been compelled to the course they have had to take. No inventory has yet been filed AS to the assets and liabilities. Clerks are now engaged in the preparation of 11 statement of the affairs of the bank, but it will be several days before it can be completed. When the announcement first became known some timid depositors in other banks became starmed and talked of withdrawing their deposits, but this feeling soon wore off, especially when the statement was made that every bank in the city was fully prepared to meet every demand. The assignment of Adams & Leonard is attributable to the stringency of the money market, which has made it difficult to realize on investments. The general impression in prevails that the tirm will be able to pay every dollar of indebtedness and able to resume busines within the next si xty days. A HERALD reporter called on Capt. Adams at his residence last evening. He stated that he had turned over everything. There were certain trust funds in the bank, which he would have secured had it been possible. If pending negotiations on certain transactions were completed he ought to be able to pay every dollar he owed within sixty days. He had turned over everything to Mr. Flippen, the assignee, because he believed him to be an honorable man, who would 80 manage the affairs of the bauk as to pay every dollar it owed, and leave a handsome surplus to himself and the estate of Capt. Leonard. As far as the Texas Trunk railroad, of which be is president, is concerned, it will not be om 9MO you pip °H perfore. B railroad a cent, on the contrary it was indebted to him. Capt. Adams further stated that if he did not pay every cent he owed it would be because he did not have a dollar left to do it with. It should be stated here that deposits made on Wednesday, the day of the assignment, will not be included in the assignment, but will be returned to the depositors. The following notices are posted on the doors of the bank: "All checks drawn by the First National bank, of Decatur on Adams & Leonard will be paid on presentation at the American National bank, this city." "The American National bank will protect all checks and drafts of the First National bank, of Albany, drawn V swepv uo "R. J. GANNON, Cashier," "The City National bank will Dav all drafts drawn by the Waco National bank on Adams & Leonard." Albany, Texas, Nov. 20.-To Adams & Leon'pre Announce that our drafts on you will be paid by the American National. 'IV Cashier." "All drafts drawn by City National bank of Fort Worth on Adams & Leonard will be paid by the City National bank of Dalla on presentation. ACTION OF THE MERCHANTS' EXCH ANGE. Upon the call of P. esident McEnnis, R large number of the members of the Merchants' exchange met at the exchange hall yesterday afternoon at 3 o'clock. Mr. McEnnis stated that the

4. November 21, 1884 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, November 21, 1884

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Surprising Suspension. DALLAS, Tex., 20.-The well-known private banking house of Adams & Leonard closed its doors atnoon to-day. It is believed that the embarassment will be only temporary. The assets amount to nearly $500,000, largely invested in Texas lands. The liabilities are not known at this hour. The embarassments result from inability to realize on large loans to cattle men, and the suspension is a great surprise in this city.

5. November 21, 1884 The Dallas Daily Herald Dallas, TX

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ASSIGNMENT OF ADAMS & LEONARD. Yesterday was a day of uncommon interest in Dallas, caused by the suspension of the well-known banking firm of Adams & Leonard. The HERALD, as at present advised, sees no cause for aiarm on the part of depositors. On Wednesday Mr. Adams called his brother bankers together and spread before them his condition. It was at first deemed advisable to advance him $100,000 and float him through. Subsequently, this plan was abandoned and he was advised to the course he has taken. The assets of the firm, which is composed of SAM J. ADAMS and WILLIAM Leonard, the intant son of the late J. L. LEONARD, are very large, consisting of some $200,000 in western cattle in terest, $100,000 interest in Trunk Line railroad, and some $250,000 in indebted. ness due, together with at least $40,000 in Dallas city property. There seems to be a general Idea that every depositor will be paid in full and considerable surplus left over. There was a statement, not altogether authentic, to the effect that the indebtedness of the firm amounted to $317,000. The HERALD has seen no depositor who is the least apprehensive of his ultimate payment.

6. November 21, 1884 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, November 21, 1884

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The Failure of Adams & Leonard. DALLAS, Tex., Nov. 20.-The well known private banking house of Adams & Leonard closed its doors at noon to-day. It is believed the embarrassment is only temporary. The assets amount to nearly $500,000, largely invested in Texas lands. The liabilities are not known at this hour. The firm is composed of Samuel J. Adams and the estate of Jackson L. Leonard. The bank is largely patronized by the cotton and cattle men of north Texas, and has enjoyed unlimited credit for fifteen years. The embarrassment is the result of inability to realize on large loans to local men, and the suspension is a great surprise to this city

7. November 22, 1884 Fort Worth Daily Gazette Fort Worth, TX

Article from Fort Worth Daily Gazette, November 22, 1884

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Assignment of Adams & Leonard. Yesterday Was a day of uncommon interest in Dallas, caused by the suspension of the well-known banking firm of Adams & Leonard. The Herald, as at present advised, sees nocause for alarm on the part of depositors. On Wednesday Mr. Adams called his brother bankers together and spread before them his condition. It was at first deemed advisable to advance him $100,000 and float him through. Subsequently this plan was abandoned and he was advised to the course he has taken. The assets of the firm, which is composed of Sam J. Adams and William Leonard, the infant son of the late J. L. Leonard, are very large, consisting of some $200 000 in Western cattle interests, $100,000 interest in Trunk Line railroad, and some $250,000 in indebtedness due, together with at least $40,000 in Dallas city property. There seems to be a general idea that every depositor will be paid in full and considerable surplus left over. There was astatement, not altogether authentic, to the effect that the indebtedness of the firm amounted to $317,000. The Herald has seen no depositor who is the least apprehensive of his ultimate payment.-[Dallas Herald, 21st inst. THE GAZETTE is glad to be able to give place to such encouragement. The fact that the failure was one due to speculation will tend to prevent any uneasiness in the public mind. Failures from such cause are liable to occur in good as well as in hard times, for no man can safely overload himself at any time. The Herald does the public a service to "tell the truth."

8. November 26, 1884 Union County Courier Elk Point, SD

Article from Union County Courier, November 26, 1884

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BUSINESS EVENTS. THE failures for the past week were 277 against 236 for the week previous. There was a marked increase in the Western and Southern States. A SCHEDULE in the assignment of Robert Titus, of New York dealer in seeds, showsliabilities of $33,000; actnal assets, $4,000. THE private banking house of Adams & Leonard, of Dallas, Tex., closed its doors. The assets are $500,000, largely invested in Texas lands; liabilities, $30,000. The embarrassment results from inability to realize on large loans to cattle men. The suspension was a great surprise. WHILE blasting on Prince's Neck, near Newport, R. I., Eugene Sullivan was struck by a stone weighing ten pounds, and instantly killed. Before the explosion he remarked to a fellow laborer that the stones had been following him all day and that he was getting afraid. When struck he was over seventy-five feet from the blast. THE failure of H. H. Dennis, grain commissioner, Chicago, is annonnced on the Board of Trade. Liabilities on change, $12,000. Outside and old debts will make the aggregate $50,000, with nominal assets. CAREY & HOBSON, manufacturers of agricultural implements, at Bergen Point, N. J., assigned to Norman T. M. Nellis, without preferences. The January statement showed assets of $357,000; liabilities, $110,000. The company's capital was $250,000. It is expected they will resume shortly. THE New York weekly bank statement shows: Reserve increase $2,771,525. Banks now hold $405,460,000 in excess of legal requirements.

9. November 27, 1884 The Austin Weekly Statesman Austin, TX

Article from The Austin Weekly Statesman, November 27, 1884

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GREAT EXOITEMENT IN DALLAS AND NORTH TEXAS OVER THE ADAMS FAILURE. Meeting of the Business Men of Dallas In Order to Prevent a Panic. Final ActIon of the Military Convention to Secure Necessary Legislation. Murder Trial at Sherman-Safe Blowers at Van AlstyneTrevino at Sabinas. Further Particulars of the Big FailureMeeting of Business Men. Special Telegram to the Statesman. DALLAS, November 20.-The assignment of the banking house of Adams & Leonard, which occurred last night, was not generally known in the city till to-day. It created intense surprise and has been a source of talk on the streets and in public places all day. The bank propristors profess that ultimately all depositors will be paid in full. It is said among the losses sustained that of the Texas & Pacific Railway compauy is the heaviest, amounting to $83,000. Others seem to thick the company has not sustained this loss, believing that ex-Governor John C. Brown, the general solicitor of the Gould southwestern system, who was in the city recently, withdrew the deposits, as it was known in certain business quarters that that was his mission here. think this the cause the Other suspension. Many loads, real and Houston including of the Missouri Pacific Texas Central are also rumored to have lost considerable amounts. A public meeting of business men was held this evening at the Merchant's Exchange, the object being to create a reassuring spirit in the community, and prevent anything like a panic. It was developed that the other banks in the city were sound and that deposits would be paid on call. This had a quieting effect. A reporter called on Mr, Adams at his residence this evening. He stated that he had turned over everything There were certaia trust funds in the bank which he would have secured had it been possible. If pending negotiations on certain transactions were completed he ought to be able to pay every dollar he owed within He had turned over to banker the because sixty everything assignee, days. he W. believed H. Fliffin, he to bank would as so manage pay every the dollar affairs it of owed, the As and handsome surplus. far which is as leave the he Texas a president, Trunk is railroad, concerned, of he said it will not be affected a particle, He did not owe the railroad one cent. On the contrary, it was indebted to him. On Wednesday Mr. Adams called his brother bankers together and laid before them his condition. It was at advisable to advance him $100,000 and float this plan was first.deemed sequently him through. the abandoned course Suband he was advised to he has taken. Theassets of the firm which was of Wm. the son J. are of Leonard, composed Leonard, very large S. infant J. consisting Adams of and in western Line and some some ests, railroad, $200,000 $100,000 interest in $150,000 cattle the Trunk interdebtedness due, together with at least $40,000 in Dallas city property. The are at from to are liabilities $300,000 generally $500,000. statement. estimated Clerks at work making np a The Houston as Texas Central railroad have let the contract to extend its telergaph line from Albany, Texas, to some point formi a connection with the Denver aud New Orleans railroad at some point in southern Colorado. This will open up a vast country in north west Texas, with telegraph wires, and give advantage for additional news from that section. It is whispered that Huntingdon will shortly take charge of the Houston & Texas Central railroad and that there will be material change in the management. The change will occur about the first of December.

10. November 27, 1884 The Worthington Advance Worthington, MN

Article from The Worthington Advance, November 27, 1884

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General News Items. Adams & Leonard, Dallas, Tex, bankers, have failed for $300,000. Salt water has spoiled a number of natural gas wells about Pittsburgh. Bostch at bay: there are 24,000 young womth at the Hub studying music. Prof. Selwyn of Ottawa says the story of another great lake in Northern Quebec is a hoax. A social sensation is to be created in Philadelphia by the "widows' and bachelors' ball. The North Chicago Rolling Mill company will shut down throwing 1;800 men out of em. ployment There has been found in Manchester a Bible in which are two autographs alleged to be Shakspeare's. The new custom house at Cincinnati has cost $4,641,431, exclusive of the $750,000 paid for the ground. The liabilities of the busted banking house of Hyatt, Levings & Co., Washington, Ind. are $122,000. James W. Bonton, New York, importer of books, has made an assignment with preferences of $28,000. At Dubuque, Judge Utt decided that saloonkeepers could not be enjoined as nuisances be. fore conviction under the prohibitory law. The town of Newington, N. H., has no store of any kind, no liquor saloon, no debt, no law. yer no doctor, and nobody in the poorhouse. A fino new Masonie hall at Watertown, Dak., was dedicated with appropriate ceremonies. Judge Gifford grand master of the territory was among those present. À meeting of clergymen of all denominations was held in New Haven to arrange for a congress of American churches. The congress will be held there in May, 1885. The founder of the association is Bishop Clark of Providence. A registered certificate of the city of Boston 5 per cent water loan for $100,000 in favor of the United States Trust company of New York, trustee for Caroline S. Astor, has been issued. This is a gift from William Astor to his daughter, who was recently married to Marshal O. Wilson. The convention of Unitarian and Independent churches of Wisconsin elected the following officers: President, Pro. William F. Allen, Madison; secretary, the Rev. J. H. Crooker, of Madison; assistant secretary, Mrs. F. B. Cook, Janesville; Milwaukee. treasurer, the Rev. G. E. Gordon, Carr & Hobson, limited manufacturers of agricultural implements, Bayonne, N. J., have assigned to Norman S. McNellis, without preference. The January statement showed assets of $307,000; liabilities, $100,000. The company's capital is $250,000. They are expected to resume shortly. The annual convention of the Young Men's Christian association of Minnesota and Dakota will be held at Northfield, Minn., Dec. 4-7. President Cyrus Northrop, of the University of Minnesota, will deliver the opening address Thursday evening, and the exercises will close with a farewell service on Sunday evening. The will of Chanfrau, the actor, who died recently, gives the widow all the property, real, mixed and personal, she to give his sister, Mrs. Mary A. Stewart, a home as long as she lives, and his wife's sister, Miss Mary Baker, a home as long as she remains unmarried. The personal property is valued at $45,000, and the real estate at over $200,000. In the United States circuit court in New York, Judge Brown decided that Ah Koc the Chinese cook arrested for leaving a vessel and coming ashore in violation of the act of congress, was not a laborer as specified in the act, and discharged him with the understanding that he leave the country in thirty days. Upper tendom society in Chicago is shaken to its very foundation by a rumored elopement in high life, extending from Chicago to Boston. The parties to the sansation are Mrs. Mable V. Pervere, the handsome, petite, attractive and highly cultured young wife of Herbert L Pervere, agent for an Eastern lace house at No. 163 Fifth avenue, and Dudley Hall, of Dudley Hall & Co., tea importers of Boston, who is said to be worth $1,000,000. Judge Deady, in the United States circuit court of Portland, Oregon, issued a mandatory injunction in the case of Wells Fargo & Co. vs. the Northern Pacific Railroad Company. The injunction orders that defendant be required to furnish plaintiff such facilities as it furnishes any express company, over all its lines between Oregon and St. Paul, and connecting lines and links, plaintiff giving bonds in the sum of $25,000, that all costs, damages and charges which they may pay or earn will be made good if the end in the case is decided in favor of defendant. The express company is to be granted the facilities ordered on all lines west of Helena on and after the 1st of December.

11. November 27, 1884 Mineral Point Tribune Mineral Point, WI

Article from Mineral Point Tribune, November 27, 1884

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LATEST TELEGRAMS. GENERAL NOTES. THE potato crop is nearly an average yield of 90 bushels per acre, and exceeds 190,000,000 bushels. ADAMS & LEONARD, private bankers at Dallas, Texas, failed Thursday, the liabilities being estimated at $150 000 IN the Cumberland Md., coal region notices were posted Monday that after Dec. 1, the price.of mining would be reduced from 50 to 40 cents per ton. THE school population of the United States is 16,000,000. Of this. 10,000.000 are enrolled in the public schools: The public school system of the country spends more than $91,000,000 a year, and employs 290,000 teachers. TWENTY-SEVEN cases of small-pox occurred Thursday in the village of Sloco, Canada, and business is entirely suspended. At certain railway stations intending travelers can not procure tickets unless they show clean bills of health. THE Sunday News (Cleveland's organ) of Buffalo N. Y., gives the names of republican members of the New York Legislature who will unite with the democrats in electing Roscoe Conkling to the United States Senate. The paper has no doubt that Mr. Conkling will be Lamphasi's successor. IN Rupert Land a Canadian expedition discovered Lake Mistassini, a body of water supposed to be larger than Lake Superior. Fur-bearing animals abound on its shores, and fish are very abundant. It is believed that the Hudson Bay Company has known of the existence of the lake for a hundred years, but kept the matter secret. THE official vote for governor of Indiana foots up as follows:

12. November 27, 1884 The Sun Morris, MN

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General News Items. Adams & Leonard, Dallas, Tex, bankers, have failed for $300,000. Salt water has spoiled a number of natural gas wells about Pittsburgh. Boston at bay: there are 24,000 young women at the Hub studying music. Prof. Selwyn of Ottawa says the story of another great lake in Northern Quebec is a hoax. A social sensation is to be created in Philadelphia by the "widows' and bachelors' ball." The North Chicago Rolling Mill company will shut down throwing 1,800 men out of employment. There has been found in Manchester a Bible in which are two autographs alleged to be Shakspeare's. The new custom house at Cincinnati has cost $4,641,431, exclusive of the $750,000 paid for the ground. The liabilities of the busted banking house of Hyatt, Levings & Co., Washington, Ind., are $122,000. James W. Bonton, New York, importer of books, has made an assignment with preferences of $28,000. At Dubuque, Judge Utt decided that saloonkeepers could not be enjoined as nuisances be. fore conviction under the prohibitory law. The town of Newington, N. H., has no store of any kind, no liquor saloon, no debt, no law. yer no doctor, and nobody in the poorhouse. A fine new Masonic hall at Watertown, Dak., was dedicated with appropriate ceremonies. Judge Gifford, grand master of the territory, was among those present. A meeting of clergymen of all denominations was held in New Haven to arrange for a congress of American churches. The congress will be held there in May, 1885. The founder of the association is Bishop Clark of Providence. A registered certificate of the city of Boston 5 per cent water loan for $100,000 in favor of the United States Trust company of New York, trustee for Caroline S. Astor, has been issued. This is a gift from William Astor to his daughter, who was recently married to Marshal O. Wilson. The convention of Unitarian and Independent churches of Wisconsin elected the following officers: President, Pro. William F. Allen, Madison; secretary, the Rev. J. H. Crooker, of Madison; assistant secretary, Mrs. F. B. Cook, Janesville; treasurer, the Rev. G. E. Gordon, Milwaukee. Carr & Hobson, limited manufacturers of agricultural implements, Bayonne, N. J., have assigned to Norman S. McNellis, without preference. The January statement showed assets of $307,000; liabilities, $100,000. The company's capital is $250,000. They are expected to resume shortly. The annual convention of the Young Men's Christian association of Minnesota and Dakota will be held at Northfield, Minn., Dec. 4-7. President Cyrus Northrop, of the University of Minnesota, will deliver the opening address Thursday evening, and the exercises will close with a farewell service on Sunday evening. The will of Chanfrau, the actor, who died recently, gives the widow all the property, real, mixed and personal, she to give his sister, Mrs. Mary A. Stewart, a home as long as she lives, and his wife's sister, Miss Mary Baker, a home as long as she remains unmarried. The personal property is valued at $45,000, and the real estate at over, $200,000. In the United States circuit court in New York, Judge Brown decided that Ah Kee the Chinese cook arrested for leaving a vessel and coming ashore in violation of the act of congress, was not a laborer as specified in the act, and discharged him with the understanding that he leave the country in thirty days. Upper tendom society in Chicago is shaken to its very foundation by a rumored elopement in high life, extending from Chicago to Boston. The parties to the sansation are Mrs. Mable V. Pervere, the handsome, petite, attractive and highly cultured young wife of Herbert L. Pervere, agent for an Eastern lace house at No. 163 Fifth avenue, and Dudley Hall, of Dudley Hall & Co., tea importers of Boston, who is said to be worth $1,000,000. Judge Deady, in the United States circuit court of Portland, Oregon, issued a mandatory injunction in the case of Wells Fargo & Co. VS. the Northern Pacific Railroad Company. The injunction orders that defendant be required to furnish plaintiff such facilities as it furnishes any express company, over all its lines between Oregon and St. Paul, and connecting lines and links, plaintiff giving bonds in the sum of $25,000, that all costs, damages and charges which they may pay or earn will be made good if the end in the case is decided in favor of defendant. The express company is to be granted the facilities ordered on all lines west of Helena on and after the 1st of December.

13. November 27, 1884 The Dallas Weekly Herald Dallas, TX

Article from The Dallas Weekly Herald, November 27, 1884

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but when this feeling the statement w that every bank in the city w prepared to meet every demand. assignment of Adams & Leona butable to the stringency of t market, which has made it dif realize on investments. T pressi n prevails that t be able to pay every dollar edness and able to resume busin the next sixty days. ERALD reporter called on Cap at his re-idence last evening. I that he had turned over ever There were certain trust fun bank, which he would Lave it been possible. If pendir ations on certain transaction ompleted he ought to be able dollar he owed within six Mr. He had turned Flippen, over ev ti r to because he believe be an honorable man, who wou the affairs of the bauk as dollar it owed, and leave surplus to himself and t) of Capt. Leonard. As far as Ll Trunk railroad, of which he is concerned, it will not a particle. He did not owe tl a cent, on the contrary it w to him. Capt. Adams furth that if he did not pay every ce it would be because he did n dollar left to do it with. be stated here that deposi Wednesday, the day of ti will not be included in ti but will be returned to tl following notices are posted o of the bank: checks drawn by the First N bank, of Decatur on Adams will be paid on presentation nerican National bank, this city American National bank wi all checks and drafts of tl National bank, of Albany, draw & Leonard. "E. J. GANNON, Cashier,' City National bank will pay R drawn by the Waco Nation Adams & Leonard." Texas, Nov. 20.-To Adams & Leo that our drafts on you wi by the American National. M. BARTHOLOMEW. Cashier. drafts drawn by City Nation Fort Worth on Adams & Leo be paid by the City Nation Dalla on presentation. OF THE MERCHANTS' EXCH ANG the call of P.esident McEnni number of the members of tl ants' exchange met at the e hall yesterday afternoon at Mr. McEnnis stated that tl had been called by him, at t] of numerous members, action expressive of the r the exchange at the tempora of Adams & Leonar suspension must be a source of r the whole community, especial business men, and he hoped the would last for but a brie McEnn then called upon gentl resent for an expression of the J. Trezavant said that while 1 nothing of the condition of t) affairs, he thought he expresse timent of the community whe that the suspensio natter of the deepest regret. H Capt. Adams had been a littl for own good, He believe spension was due to a desire the people of Dallas in th times we have had in t1 months. H. Fippen, the assignee & Leonard, being called upoi he could make no definit now. He had accepted th but knew nothing as y condition of the business, and wa not prepared to speak. H to be present at the meetin the sympathy and feeling di in all of which he joined. F. Carter, of White & Co.,cotto offered the following preambl esolutions, which. were unan REAS, adopted: This exchange has bee of the su-pension of th house of Adams & Leonare manager, Samuel J. Adams member and one of th of the exchange, and, REAS, We deem it proper to ez sincere regret at this unex misfortune which has overtake member, who has always bee in promoting every busines looking to the advancemer and her commercial pros Therefore, be it That the members of thi do hereby assure Capt. Adam he has our unforesen heartfe

14. November 28, 1884 The Warner Weekly Sun Warner, SD

Article from The Warner Weekly Sun, November 28, 1884

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General News Items. Adams & Leonard, Dallas, Tex, bankers have failed for $300,000. The North Chicago Rolling Mill company will shut down throwing 1,800 men out of em. ployment. The liabilities of the busted banking house of Hyatt, Levings & Co., Washington, Ind, are $122,000. James W. Bonton, New York, importer of books, has made an assignment with prefer. ences of $28,000. At Dubuque, Judge Utt decided that saloonkeepers could not be enjoined as nuisances be. fore conviction under the prohibitory law. A meeting of clergymen of all denominations was held in New Haven to arrange for a congress of American churches. The congress will be held there in May, 1885. The founder of the association is Bishop Clark of Provi. dence. A registered certificate of the city of Boston 5 per cent water loan for $100,000 in favor of the United States Trust company of New York, trustee for Caroline S. Astor, has been issued. This is a gift from William Astor to his daughter, who was recently married to Marshal O. Wilson. Carr & Hobson, limited manufacturers of agricultural implements, Bayonne, N. J., have assigned to Norman S. McNellis, without preference. The January statement showed assets of $307,000; liabilities, $100,000. The company's capital is $250,000. They are expected to resume shortly. The annual convention of the Young Men's Christian association of Minnesota and Dakota will be held at Northfield, Minn., Dec. 4-7. President Cyrus Northrop, of the University of Minnesota, will deliver the opening address Thursday evening, and the exercises will close with a farewell service on Sunday evening. The will of Chanfrau, the actor, who died recently, gives the widow all the property, real, mixed and personal, she to give his sister, Mrs. Mary A. Stewart, a home as long as she lives, and his wife's sister, Miss Mary Baker, a home as long as she remains unmarried. The personal property is valued at $45,000, and the real estate atover $200,000. Upper tendom society in Chicago is shaken to its very foundation by a rumored elopement in high life, extending from Chicago to Boston. The parties to the sansation are Mrs. Mable V. Pervere, the handsome, petite, attractive and highly cultured young wife of Herbert L Pervere, agent for an Eastern lace house at No. 163 Fifth avenue, and Dudley Hall, of Dudley Hall & Co., tea importers of Boston, who is said to be worth $1,000,000. Judge Deady, in the United States circuit court of Portland, Oregon, issued a mandatory injunction in the case of Wells Fargo & Co. vs. the Northern Pacific Railroad Company. The injunction orders that defendant be required to furnish plaintiff such facilities as it furnishes any express company, over all its lines between Oregon and St. Paul, and connecting lines and links, plaintiff giving bonds in the sum of $25,000, that all costs, damages and charges which they may pay or earn will be made good if the end in the case is decided in favor of defendant. The express company is to be granted the facilities ordered on all lines west of Helena on and after the 1st of December.

15. November 30, 1884 Fort Worth Daily Gazette Fort Worth, TX

Article from Fort Worth Daily Gazette, November 30, 1884

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DALLAS. A Change of Venue to Kaufman County Given Adams. Additional Attachments of $97,131 Run on the Defunct Bank. Special to the Gazette. DALLAS, TEX, Nov. 29.-Judge McCord, special judge in the case of the state against Willis Adams, charged with the killing of Mike Burns, after hearing the testimony of five or six hundred witnesses, this morning rendered a decision granting the defendant a change of venue to Kaufman county. This is admitted to be equivalent to an acquittal of Adams, The friends of Mr. R. D. Rawlins are booming him for postmaster. From the indications he will have several thousand competitors for the office. There are also three or four hundred candidates in Dallas for the office of United States marshal of the Northern district of Texas. Base-ball: Brown Stockings ten Houston Nationals seven. The Missouri Pacific railroad ran an attachment on the defunct bank of Adams & Leonard to-night for $88,405 45 and George J. Hunley ran one for $1,226 77. The bank building, D. lot at the corner of Pearl and Live Oak streets and the loton which the wholesale liquor house of Betterton & Irvine is located were the property attached. It is reported that there are several other attachments to follow. William Courth to-night filed an attachment against the bank property of Adams & Leonard for $12.500, the amount of bis deposits in the bank when it failed. Addler, Goldman & Co. of St. Louis, through their attorneys here, have at. tached the stock of groceries of J. B. Block of Will's Point, for a debt of $6000.

16. December 2, 1884 The Dallas Daily Herald Dallas, TX

Article from The Dallas Daily Herald, December 2, 1884

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The Adams & Leonard Assignment. The tollowing additional attachment suits against the late banking firm of Adams & Leonard were filed yesterday in the county and district courts: In the county court: Mary A. Underwood, for $443 30; Thomas H. Morris, $463 65; Hetherington & Davis, $253.91. In the district court: Hearde. Allen & Floore, for $2,664 16; E.O. Flood and wife, $1,000; H. W. Keller. $1,294.45; Sinker, Davis & Co., $715.47: J. W. Strong, $968.47: W. R. Hinekley, $652.15. Numerous writs of garnishment were run.

17. December 4, 1884 The Mineral Argus Maiden, MT

Article from The Mineral Argus, December 4, 1884

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General News Items. Adams & Leonard, Dallas, Tex., bankers have failed for $300,000. The North Chicago Rolling Mill company will shut down throwing 1,800 men out of employment. The liabilities of the busted banking house of Hyatt, Levings & Co., Washington, Ind., are $122,000. James W. Bonton, New York, importer of books, has made an assignment with preferences of $28,000. At Dubuque, Judge Utt decided that saloonkeepers could not be enjoined as nuisances be. fore conviction under the prohibitory law. A meeting of clergymen of all denominations was held in New Haven to arrange for a congress of American churches. The congress will be held there in May, 1885. The founder of the association is Bishop Clark of Provi. dence. A registered certificate of the city of Boston 5 per cent water loan for $100,000 in favor of the United States Trust company of New York, trustee for Caroline S. Astor, has been issued. This is a gift from William Astor to his daughter, who was recently married to Marshal O. Wilson. Carr & Hobson, limited manufacturers of agricultural implements, Bayonne, N. J., have assigned to Norman S. McNellis, without preference. The January statement showed assets of $307,000; liabilities, $100,000. The company's capital is $250,000. They are ex. pected to resume shortly. The annual convention of the Young Men's Christian association of Minnesota and Dakota will be held at Northfield, Minn., Dec. 4-7. President Cyrus Northrop, of the University of Minnesota, will deliver the opening address Thursday evening, and the exercises will close with a farewell service on Sunday evening. The will of Chanfrau, the actor, who died recently, gives the widow all the property, real, mixed and personal, she to give his sister, Mrs. Mary A. Stewart, a home as long as she lives, and his wife's sister, Miss Mary Baker, a home as long as she remains unmarried. The personal property is valued at $45,000, and the real estate at over $200,000. Upper tendom society in Chicago is shaken to its very foundation by a rumored elopement in high life, extending from Chicago to Boston. The parties to the sansation are Mrs. Mable V. Pervere, the handsome, petite, attractive and highly cultured young wife of Herbert L Pervere, agent for an Eastern lace house at No. 163 Fifth avenue, and Dudley Hall, of Dudley Hall & Co., tea importers of Boston, who is said to be worth $1,000,000. Judge Deady, in the United States circuit court of Portland, Orogon, issued a mandatory injunction in the case of Wells Fargo & Co. vs. the Northern Pacific Railroad Company. The injunction orders that defendant be required to furnish plaintiff such facilities as it furnishes any express company, over all its lines between Oregon and St. Paul, and connecting lines and links, plaintiff giving bonds in the sum of $25,000, that all costs, damages and charges which they may pay or earn will be made good if the end in the case is decided in favor of defendant. The express company is to be granted the facilities ordered on all lines west of Helena on and after the 1st of Decem. ber.

18. December 4, 1884 The Bad Lands Cow Boy Little Missouri, Medora, ND

Article from The Bad Lands Cow Boy, December 4, 1884

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Blaine's plurality in Massachusetts was 24,372. The Catholic Orphans fair at St Paul netted about $5,000. Minnesota has 11,005 business firms, an inv crease of 1,127 in three months. Portland, Or., is getting up an excursion for the Sandwich Islands, to leave in January. Schedules of John M. Masterson & Co., private bankers of Mount Vernon, N. Y., who failed recently, show liabilities of $334,000. David Sternberg, dry goods, of Louisville, has assigned, liabilities, $60,000; assets unknown. Dullness of trade was the cause. Gov. Cleveland intends to tender his resignation to the legislature Jan. 6, and to remain the guest of Gov. Hill at the executive mansion until March 1. Much of the comfort of living in afamily hotel is spoiled in New York by the tyranny of the janitor, who duplicates the insolent doorstep tyranny of the Paris concierges. The house of representatives of Vermont refused to increase the governor's meager salary to $2,000, but added 8500 to the present amount and made it $1,500. The schedules in the recent assignment of Adams & Leonard, bankers of Dallas, Texas, show total liabilities, $317,000 and assets $112, 000. Depositors will be paid in full. Operations in the Dubuque paper mill have been suspended. The cause is alleged to be an overstocked market which has brought the price of paper down to $1.30 per hundred. Official vote of Indians: Cleveland, 244,894; Blaine, 238,447; Butler, 8,794; St. John, 3,007. For Governor, Gray, Dem, 245,140; Calkins, Rep, 237,748; Leonard, Gbk, 8,338; Durggins, Pro., 3,866. Washington Territory's official vote: Volicers (Dem.), delegate to congress, 20,995; Arm. strong (Rep.), 20,849. The total vote in 1882

19. December 4, 1884 River Falls Journal River Falls, WI

Article from River Falls Journal, December 4, 1884

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tel is spoiled in New York by the tyranny of the janitor, who duplicates the insolent doorstep tyranny of the Paris concierges. The house of representatives of Vermont refused to increase the governor's meager salary to $2,000, but added $500 to the present amount and made it $1,500. The schedules in the recent assignment of Adams & Leonard, bankers of Dallas, Texas, show total liabilities, $317,000 and assets $112, 000, Depositors will be paid in full. Operations in the Dubuque paper mill have been suspended. The cause is alleged to be at. overstocked market which has brought the price of paper down to $1.30 per hundred. Hyram B. Myers, an old resident of Janesville, Wis., was found dead at his bedside Friday morning. His wife can give no explanation as to the manner of his death. There is & mystery, and an inquest"has been ordered. Official vote of Indiana: Cleveland, 244,894 Blaine, 238,447; Butler, 8,794; St. John, 3,007 For Governor, Gray, Dem., 245,140; Calkins Rep., 237,748; Leonard, Gbk., 8,838; Durggins, Pro., 3,866. Notice has been received in St. Paul of the assignment of T.G. Rue & Co., general dealers, in Glenwood, Minn. The liabilities are said to be more than $9,000. The firm was rated at fair credit to $1,000 or $2,000. Washington Territory's official vote: Voheers (Dem.), delegate to congress, 20,995; Armstrong (Rep.), 20,849. The total vote in 1882 was 19,496, showing an increase of 22,348 in two years. Women cast between 10,000 and 11,000 votes. Ex-Mayor Onkey Hall is now a familiar figure atall the resorts in London, especially those where Americans are prone to congregate. He writes for various English publications, and is the London correspondent of two. or three American journals. J. Prondzinski, clothing dealer of St. Cloud. has made an assignment for the benefit of his creditors to Solomon Bergman of St. Paul. The liabilities are about $14,000. The assets consist of stock of clothing, valued at $20,000, and book accounts aggregating $6,000. Among the heaviest creditors are Friend Bros., Milwaukee, $7,000, and Silvermann & Opper, Chicago, $1,700. There sre also several St. Paul creditors. Herman Linde of New York, a well-known Shakspearean reader, now in Louisville, while looking through the polytecnic art gallery discovered a picture which he says is Rembrandt's "Slaughter of the Innocents," a painting cele. brated in history, and for which search has been made for years. Mr. Linde purchased the picture for $100 from the owner, Robert Magness. How the picture came in his posses. sion is unknown; but it is undoubtedly a Rem. brandt.