2112. Pairo & Nourse (Washington, DC)

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: September 14, 1857
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gpt-5-mini
Short Digest: 19bc83e0

Response Measures

None

Description

No run is reported. The firm suspended payment on Sept 14, 1857 and immediately assigned assets to a trustee (Samuel C. Edes). Reports describe an assignment/filing of deed and ongoing settlement—indicating suspension followed by assignment/receivership and not a reopening. Cause attributed to heavy investments in Western lands and difficulty realizing on those assets (bank-specific adverse info).

Events (2)

1. September 14, 1857 Receivership

Newspaper Excerpt: They have assigned all their property, personal and real, to Mr. S. C. Edes ... as trustee, for the benefit of all their creditors alike. The PAIRO AND NOURSE DEED OF ASSIGNMENT was filed at the City Hall on Saturday. Indenture made this fourteenth day of September ... assigned to Samuel C. Edes ... upon the trusts and for the purposes hereinafter declared concerning the same . . . . (Evening Star, Sept. 14 and Sept. 28, 1857.)
Source: newspapers

2. September 14, 1857 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Difficulty realizing on heavy investments in Western lands; tight times in the West forced suspension.
Newspaper Excerpt: The long-established banking house of Pairo & Nourse, in this city, suspended this morning, owing, we hear, to a difficulty in realizing in these tight times at the West, on their heavy investments in that quarter.
Source: newspapers

Newspaper Articles (13)

1. September 14, 1857 Evening Star Washington, DC

Article from Evening Star, September 14, 1857

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WASHINGTON NEWS AND GOSSIP. SUSPENDED PAYMENT-The long-established banking house of Pairo & Nourse, in this city, suspended this morning, owing, we hear, to a difficulty in realizing in these tight times at the West, on their heavy investments in that quarter. Their assets are regarded among the bankers of Washington as being much larger than their liabilities. Indeed, we are informed by a banker in no way connected with them, that they are at this moment worth three times their liabilities. They have assigned all their property, personal and real, to Mr. S. C. Edes, a wealthy gentleman of Baltimore, as trustee, for the benefit of all their creditors alike. Their circulation will be instantly paid by the trustee on presentation at their office. The house of Pairo & Nourse has long enjoyed the confidence of this community, which will be glad to learn that their suspension bids fair to be but for a very brief period. There is nothing in it to alarm any one as to the condition of any other Washington bank-public or private-or as to that of this community at large, which never was easier in money matters than at this time. THE SAN FRANCISCO VIGILANCE COMMITTEE. A merchant of San Francisco wrote (says the New York Times) by the last steamer, as follows: " In consequence of the reform brought about by the Vigilance Committee, this city nas been governed during the past year at an expense of about $250,000, against an average expense the previous years of over one million fire hundred thousand dollars, six times as much as it now costs. Aside from the great benefits arising from the repression of outrage, tumult, violence and robbery, the saving of one and a quarter million of dollars per year to our city, is worth all its has cost to bring about the desirable results, and speaks loudly for the necessity of such a reform If half this story be true, something or other has wrought a very remarkable change for the better in the municipal affairs of our Pacificside commercial capital. Three years ago it was the very sink of municipal iniquity. Its panacea should be universally known throughout the United States, that all the large cities of the Atlantic side might avail themselves of it. We, however, expect that something more than the terror among evil-doers inspired by the acts of the late Vigilance Committee is at the bottom of this wonderful improvement. The components of the community of San Francisco four years ago knew nothing of each other, having been dropped down from the clouds, as it were, in a day. Since then, society has been sifted there, and the chaff is no longer SO intimately mixed with the wheat as that few know one from the other. Our theory is, that though men aspiring to rule or lead any American community may cheat the people once or twice into favoring them above and beyond their deserts, in the long run common sense and common honesty asserts and surely re-establishes its right to control public affairs everywhere in the United States, except in communities essentially befogged with new-lightism.

2. September 15, 1857 The Daily Dispatch Richmond, VA

Article from The Daily Dispatch, September 15, 1857

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REPORTED FAILURE. WASHINGTON. Sept. 14.-It is reported that the old established banking house of Pairo & Nourse, in this city, has suspended, and made an assignment. It is believed that the assets largely exceed the liabilities.

3. September 16, 1857 Richmond Daily Whig Richmond, VA

Article from Richmond Daily Whig, September 16, 1857

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recently availed of the low price of a number of the State stocks to purchase abo It $800,000 for account of the various Indian trusts under the charge of his Department. It is his purpose to extend these purchases as far as the existing authority from Congress will allow, in doing which he equally cheapens the average cost of the Indian investments of the Depar ment, and accommodates the disbursements from the Treasury to the condition of the a oney market. Authority was 10 aght from the last Congress to Invest in State stocks the whole of the permanent Indian Annuities of the Government, but the vement iled by a close vote in the House of Representatives These annuities, uninvested, amount to a sum equal to $7,008,087. The Lyuchburg Virginian puts forth the following well considered views in regard to the future of B readstuffs: As to the present prospect of prices-repeating our former opin Ion that it is the most difficult thing in the world to form an absolutely correct conclusion-we nevertheless incline to the belief that shere must be an advance. Wheat may yetgo down a little lower-but our impression, though we express it with K eat reserve and diff ience, is that there all be a reaction before the end of the year. AC is true, Immense crops have been made-but then the price of wheat is now out of proportion to almost everything else in the market. Moreover, the recent failures and collapses in the momencircles of the North-thebreaking of banks and commercial houses, and the generally unsettled state of financial affairs, have had a tendency to depress, temporarily at least, the " ce of every thing, wheat and flour included. As soon as this ex litement is over, and trade again moves on in a steady channel. it is reasona. ble to conclude there will be advance in breadsti fls and everything else. To show how these financial revulsions IT the price of everything, we may mention Virginia Stocks, which have sud denly fallen from upwards of 90 down to 87. Now, nothing has occurred to aff et the credit of Virginia during this time, and We must therefore attribute the decline in these stocks, as well as the decline in breadsti to the fi nancial excitement and panic. As soon as this subsides, we coLfi lently expect the value of both will rise to their proper leve'. There is another circumstance which we think will: fr et the price of grain. On the fi of July the new Tar If went into operation. with a considerable red *ction of duties. This has had a tendency already, and will continue to have it. to st mulate the importation of oreign goods. We must pay for these foreign goods either with gold, or cot on, or breadstuff, We already send all the gold that can be spared, the supply of cotton is limite 1, and the cousequence is we must export large quantities of breadstiffs, so as to keep up the balance of trade Tnis will create an active demand; which, it is well known, always puts up the price. We observe, al eady, that the New York Journal of Commerce-very reliable authority in commercial matters-states that the engagements of Great Britain for grain in that market have averaged fl Ly then sand bushelsaday for several days and that there is a prospect of a heavy export Lusiness during the tall months In conciusion repeat the expre silon of our opinion that as a general thing, one year with another, a farmer will not lose by sel ing his grain as soon as he conveniently can; after harvesting 16 And in regard to present prospects, we shall be very much mistaken If breadstuff, d) not advance botween now and Christmas. We may be wrong-butthis is our honest opinion "with the lights be fore us." Let each planter, however, exercise his own judgment, a and act accordingly. We have no concern in the matter except sincere desire for the advancement of the agricultural interest. The Washington Star of yesterday says: The long-established banking house of Pairo & N urse. in this city, suspended this morning, owing, We hear, to 8 difficulty in rea1 sing it. these tight times at the West, on their heavy investment in that quarter. Taeir assets are regarded among the bankers of Washington as being much larger than their liabilides. Indeed, we are informed by a banker in no way connect with them, that they are this moment worth three times their liabilities. They have a signed all their property, personal and real, to Mr. 8. C. Eles, a wealthy gentleman of Baltimore, as trustee, for the benefit of all their creditors alike. Their circulation will be instantly paid by the trustee on presentation at their flice. The house of Pairo & Nourse has I ing enj yed the confidence of this community, which will be glad to learn that their suspension bids fair to be but for a very brief period. There is nothing in it to alarm any one as to the condition of any other Washington or private-or as to that of this community at large, which never was easier in money matters than at this time. RICHMOND MARKETS, Sept. 15th, 1957. CORN-The market is still dell and dro oping. We continue, how. ever, to quote at cts., though the latter figures may Le considered the extreme rate. FLOUR -We have nothing new to report in regard to this market. The shipping demand seems to have subsided altegether. To the local trade, we quote country Superfine at $6 25@6 87 1/2. Товассо.—The receipts are larger than was anticipated, and prices, in consequence, have undergone a decided decline. The market, however, being a little irregular, We omit quotations for the present. WHEAT continue to quote at $1 20@1 30 for best parcels of red and white. CINCINNAT MARKETS, Sept. 11. FLOUR-The marl further declined to-day, and closed dull at $4 25 for superfice and $4,80@4 50 for extra, and extra white wheat. W HISKY The market opened dull and unsettled. The sales were 575 bols at 21, including that from wagons. Provisions-Nothing transpired to day. a BUTTER-The market is steady. Sales of 20 firkins, fair, at 15% WHEAT-The market remains dull and unsettled, and the receipts though light, are in excess of the demand. Sales 150 bushels prime white at 90c; 200 do inferior red at 70c; 800 do fair red at 70c, and son bushels prime red, with use of sacks, at S0c. CORN- market is steady, with a fair demand at 55c, on arrival; seiling from store at 60c. RYM Is in good request at 65c. OATS-Sales 500 and 2,000 bushels at 80c, at depots. The market is firm, with a good demand. LYNCHBURG MARKETS, Sept. 14. TOBACCO-We note the arrival of considerable quantities of new primings, which go off at prices raoging from #2 to $8%. Thesup* ply of old Tobacco is light on the market, which is steady at former quotations: Fine Manufacturing Leaf at $25 to 45; Good do do at $15 nal. to 25; Manufacturing Lugs at $10 to 18; Shipping-prices nomiWHEAT-V notice a heavy decline on transactions for the week past. Prime White on the 7th opened at $1,20, and gradually rece. ded to $1@1,05, at which our market closed on Saturday. FLOUR With an unsettled market, we forbear quotations. CORN Retailing at $1, with a further downward tendency. Retailing at $1. LIVERPOOL MARKETS, September 1. Since Friday, the weather has continued most brilliant, and harVest operations are now drawing to a close; the crops having been generally secured in very good condition. COTTON-The market has been steady, and prices are firm at Friday's notations. In Manchester business is somewhat checked by the high prices asked. Middling Orleans. 8% Mobile, S 15-16d; Uplands, 83d per Ib.-Richardson, Spence di Co. BREADSTUFFS-The weather continues all that could be desired for harvest operations. The Whest crop of England, except in very late districts, is now secured in fine condition. At Mark Lane yesterday English Wheat was 2a to 8s lower, but a better business do ng at the decline. Our market to day was pretty well attended,and a better demand experienced for Wheat, at the fullquotations of Friday. Four was without change. but prime brands are scarce, and bring extrame prices. Indian Corn was in better demand, and prices advanced about 1s per quarter. QUOTATIONS:-White Wheat 9a to 9, 9d, red Ss to 8s 6d per TO lbs Flour-Western Canal 80s 10 31s: Philadelphia and Baltimore 8:8 to 33s 6d; Ohio 82s to 88s per bbl Ind an Corn-mixed 36s to 86s 8d; yellow 86s to 86. 61; white 42s to 44, per quarter. [Bigland, Atrya di Co.

4. September 16, 1857 The American Washington, DC

Article from The American, September 16, 1857

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CORRECTION.-We were in error in stating in our last that Mr. Spates, whose house, located on the Island, was destroyed by fire on Thursday morning last, was insured in the amount of six hundred dollars. He was not insured at all., His loss is total; everything he possessed in the world was swept away at one fell swoop of the destroying element. ACCIDENT.-On Sunday evening, William Gib. son and David Bannister were out gurining near Four-Mile Run. Whilst Gibson was in the act of uncocking his gun, having been in pursuit of game, the hammer slipped from his fingers, the gun went off, the whole charge entering the right hip of Bannister, inflicting a dreadful wound. He was taken to his home, and we are pained to learn that faint hopes are entertained of his recovery. This gunning on the Sabbath day is a very bad business. At the pie-nic given by the German Yeagers at the Park on Monday last, a disturbance occurred, during which a German, who lives on I street between Fourth and Fifth, was stabbed in the side and beaten. We have been unable to learn the extent of the injury received. There have been so many disturbances growing out of gatherings at this place-stabbing, beatings, and murderings, that officers of the laws should keep a watchful eye upon it. We are informed that people residing in that neighborhood, are afraid to send their servants, or go themselves, by the place after night for fear of insult or injury, or both. Row AT CENTRE MARKET.-Early on yesterday morning, ere the sun was up, some eight or ten persons called at the cook-shop, locatedat thesouth east corner of this market, and called for breakfust, which they devoured but refused to pay for. One of the party, called by the title of Colonel, from Texas, it seems, was the one who ordered the breakfast, and upon his refusal to pay, a considrable row was kicked up. Finally, another of the party stepped up and paid the bill. The watch took the Colonel and others of the party, put them in a hack and drove off. Where they were taken nobody knows. MYSTERIOUS.-We are informed that a poultry and produce dealer, was shot and killed on Monday morning, at the Western market, by a parcel of rowdies. The matter has been kept very quiet. PRIVATE BANKS,-The suspension of Pairo & Nourse, Wednesday morning, has induced a number of depositors with the different private bankers of Washington to draw out there deposits. During the afternoon and to day, many thousand dollars deposited were withdrawn. As far as we know all remain firm. CITY COUNCILS.-The Mayor sent to the Councils on Monday, a statement of receipts and expenditures of the Corporation for the year ending June 30. What is the indebtedness of the Corporation? Mr. Goddard reported a bill to organize a police system for the city of Washington. Ordered to be printed. We want to read that bill. YOUNG BANNISTER, who was shot on Sunday afternoon at the Four-mile Run, was considered slightly better yesterday morning, though yet in a very critical condition. A BEAUTIFUL BUILDING is the Armory. It is a credit to the city, a credit to the builder, a credit to all concerned. It is an ornament to the Island, and when the square is laid off and properly levelled, will afford a drill ground for our military unequalled in the country. Mr. Bird, the builder, has most faithfully performed all the conditions of his contract. He obtained the contract for building the new Almshouse, but it was hocuspocussed away from him and given to another. But the end is not yet. The city of Washington contains five thousand acres of ground, and was laid out in 1791. VERMONT ELECTION.-OFFICIAL.-Burlington Sept. 13.-Fletcher, 25,675; Fries, 12,014 scattering, 220. The Senate is entirely Republican.

5. September 16, 1857 The American Washington, DC

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PRIVATE BANKS,-The suspension of Pairo & Nourse, Wednesday morning, has induced a number of depositors with the different private bankers of Washington to draw out there deposits. During the afternoon and to day, many thousand dollars deposited were withdrawn. As far as we know all remain firm.

6. September 18, 1857 The Athens Post Athens, TN

Article from The Athens Post, September 18, 1857

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Washington, Sept. 14-Brigham Young threatens war and separation from the Union if the Government troops enter the territory. Pairo & Nourse, Bankers, have suspended. Col. Benton is very sick here. It -is thought be may recover.

7. September 18, 1857 Weekly Clarksville Chronicle Clarksville, TN

Article from Weekly Clarksville Chronicle, September 18, 1857

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ARRIVAL OF THE PHILADEPHIA. NEW ORLEANS, Sept. 14-The steamer Philadelphia, waith Havana dates to the 9th and San Francisco to the 20th ult., has arrived. The fever at Havana was growing worse. California markets were actitve. The Settlers' Convention nominated Stanley for Governor, with a mixed ticket. In the Washington Territory, Stevens, Democratic, was elected to Congress by a large majority. Peru.-Mr. Sullivan, the British minister at Lima, wasmurdered by six Peruvians. Different causes are assigned. Politics and a woman are both mentioned. Castilla, who was absent at the seat of war, had been sent for. Vivanco is still at Ariguippa. The Costa Rican Government have decreed the expected Walker expedition to be piratical. The Grand Congress of the Spanish American States is soon to be held at San Jose. Arrived at San Francisco from Boston, the Ellen Foster. Spain.-A dispatch from Madrid states that the Spanish Government had declared that, before proceeding to hostilities with Mexico, Spain would publish a manifesto explaining the question at issue, and permit Mexico to open fresh negotiations. Important from Utah-Brigham Young threatens war and seperation from th Union. V -Advices from the U.S. officers received from Utah state that Brigham Young threatens war and seperation from the Union if the Government troops enter that Territory. f WASHINGTON, Sept. 14.-The long esS tablished banking house of Pairo & Nourse suspended this morning, owing to difficula ty in realizing money on their securities. They have assigned. It is represented that their assets will largely exceed their liabilities. Col. Benton is lying here in a critical f condition with constipation of the bowels. He is attended by Drs. Hall and May. Later.-Physicians propounce Col. Benr ton better now, and entertain hopes of his recovery. The modifications to the overland mail o route, made at the instance of F.S. Phelps, but which require the assent of the contractors, are as follows: The route startd ing from St. Louis to pass not farther west than Springfield, Mo.; thence by Fayetteville, Van Buren, and Fort Smith, Arkan n sas, to Preston, Texas, intersecting at that is point the route from Memphis via Little 11 Rock, Preston, and Fort Fillmore to San Franciseo. e Il NEW YORK, Sept. 14.-Mr. Andrew Jackson Junior brought to the city, for g ethe purpose of presenting, the gold box to rs Lieut. Col. Dickman, but has declined to es do so. This course is prompted by the 1earnest protests entered against the selec d tion by a number of members of the New York volunteers. n.

8. September 22, 1857 Arkansas True Democrat Little Rock, AR

Article from Arkansas True Democrat, September 22, 1857

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good&dealers; Swords, Walton & Co., hardware merchents, and Wesley & Kewalzki, stock brokers, have failed. The latter firm, it is stated, have lost, in stock differences, within a few weeks, the enormous sum of $400,000. Baltimore, Sept. 14.-' - The banking house of Pairo & Nourse, Washington City, failed today, with heavy liabilities. Louisville, Sept. 14.- The Citizens' Bank, C'incianati, has suspended payme s Ward & Nash, tobacco merchants, have suspended.

9. September 23, 1857 Evening Star Washington, DC

Article from Evening Star, September 23, 1857

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WASHINGTON NEWS AND GOSSIP. THE DEFAULTING BANKING HOUSE.-We continue to be hourly beset with inquiries concerning that now most interesting mysterythe condition of the affairs of the late banking house of Pairo & Nourse. Our regret is our utter inability to be able to say when the depositors will be paid off. As the matter appears to be arranged. it seems to us altogether at the option of the trustee to pay off the depositors promptly, or SO to delay settling with them, a: that the defaulting house, or any others choosing to buy up their claims sold under the influence of " hope deferred," which make the heart sick, may do SO at a heavy discount. The question involved in the settlement of the affairs of that house is, simply, (as we now begin to comprehend it,) shall the trustee sa* crifice some of its assets-western lands-by selling them at such cash prices as they will bring? or shall he sacrifice the poor depositors, many of whom are widows and laboring people, by refraining from selling the assets until he can realize what Pairo & Nourse now hold them to be worth If he adopts the latter alternative, we know of no better speculation than such a failure, that can be made. Money is worth everywhere, at this time, from 11 to 2 per centum per month; whereas they may continue to have the use of the $200,000 of the depositors for a year or two, at but I per cent. per month. In the mean time, prices of western lands, ten chances to one, will go up again when sufficient of the assets may be sold to buy in such of the depositors' claims as may be found floating in the market, at from 25 to 50 cents on the dollar !!! If the trustee elects to regard his position one in which it is his duty to protect the interest of the failing parties, regardless of that of the laborers, mechanics, clerks, tradesmen, widows. orphans and others, who are the depositors, by delaying a sale of the assets, a man with half an eye will perceive how easily the game we explain might be played out successfully. We have not the least idea that the assets of the house, if honestly deeded to the trustee,and we believe that they have been so deededare insufficient to pay off every depositor (and the depositors are the only creditors, it seems,) in a week, by selling the assets at once for what they will bring. Messrs. Pairo & Nourse are both proverbially economical men. Neither ever squandered a dollar in their lives. All the earnings of their long successful business lives where duly invested-somewhere. They received deposites up to 3p. m. of the business day before announcing their failure. It strikes us as being utterly incomprehensible how it happened that they could not have known that their affairs required them to take the step they took, while receiving the last deposits paid into their bank, by their own consent under the impression of their solvency. This fact, coupled with the failure to make any showing, makes us, under existing circumstances, most uneasy after having done our best to reconcile the public to their suspension. We know of no run on them, nor can we hear of any fruitless effort on their part to stave off their catastrophe. We only know that suddenly (so far as the public are informed) they took it into their heads to fail, making the brother-in-law of their senior partner their trustee, without the slightest check on him in the way of some one as a co-trustee representing their creditors And we know further, that by the process we describe, Messrs. Pairo & Nourse may buy in many claims against them at 25 or 50 cents on the dollar, and become very rich men at the expense of the widows, laborers, mechanics, clerks, &c., of Washington city. Justice and common honesty, we submit, make a full, fair and prompt showing of the affairs of Pairo & Nourse necessary. A SPANISH-AMERICAN COALITION.-In the Panama correspondence of the New Orleans Picayune (dated Panama, Sept 3d inst.) we find the following brief announcement, which requires explanation, as it is pregnant with results that may materially affect American interests in South and Central America: The Cronica says that a grand congress of representatives of the Spanish American republies will soon be held in San Jose. Letters from the Chilian and Bolivian governments, approving of the idea, are published The idea, we knew a month since, originated with Chili. Its design is to form a defensive alliance of all the Spanish-American Governments against North American filibusters. It is not yet determined whether the congress is to convene at San Jose. (Costa Rica,) or in Chili. From information in our possession we incline to the opinion that it will convene in the Chilian capital. Although the Governments to be represented in this convocation may not design the initiation of measures or a general policy hostile to American interests, as its purpose is self-protection against the consequences of what they regard as the weakness of this Government in the matter of repressing filibustering outrages upon themselves, its deliberations will probably serve greatly to inflame Spanish-American hostility to the United States everywhere. Our information from Nicaragua by the last mail is, that that t Government, despairingof the success of its efforts to obtain from the United States a treaty whereby it will be protected hereafter from American filibusters, has notified its Minister accredited at Washington that his services will be required to represent Nicaragua in this congress, in view of the fact that it is evident to her that she must depend on the proposed Spanish American general alliance, and such European aid and countenance as that may secure, for her future defence. The loss of the Nicaraguan transit to the United States is therefore likely to be the first effectof the meeting of the proposed congress ere the desideratum of detaching Nicaragua from the coalition accomplished Nicaragua

10. September 28, 1857 Evening Star Washington, DC

Article from Evening Star, September 28, 1857

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LOCAL INTELLIGENCE. THE PAIRO AND NOURSE DEED OF ASSIGNMENT was filed at the City Hall on Saturday. Subjoined is a copy of the deed This Indenture, made this fourteenth day of September. in the year one thousand eight hundred and fifty seven, between Charles W Pairo and William Nourse in the county of Washington, in the District of Columbia, of the first part, the said Charles W. Pairo of the second part, the said William Nourse of the third part, Samuel C. Edes of the city of New York, of the fourth part, and all the creditors of the said Pairo & Nourse jointly and severally of the fifth part; whereas, the said Pairo & Nourse are indebted jointly and severally to sundry individuals. companies, and copartnerships, for divers sums of money deposited with them at their banking house in the city of Washington, and on the promissory or banknotes termed circulation notes, payable to bearer, issued by them, and divers other accounts and claims, and they are the owners of sundry real and personal estates, bonds, bills, notes, stocks, rights, credits, claims. and demands, and the said Charles W. Pairo is the owner individually of divers real and personal estates and effects, and the said William Nourse is the owner individually of divers other real and personal estates and effects, and the said Charles W Pairo holds in name divers lands and real estates, but the same belong to the firm of Pairo & Nourse, and being unable to meet their engagements they are desirous of having all their assets and property of every description, joint and several, made available as early as practicable and applied to the satisfaction of all their and each of their debts and liabilities in the manner hereinafter provided for, which upon mature and anxious consideration they have deemed most just and equitable This indenture therefore witnesseth that in consideration of the premises and of the sum of one dollar current money to the said Charles W Pairo in hand paid by the said party hereto of the fourth part, at or fore the execution hereof. (the receipt whereof is hereby ae knowledged, he, the said Charles W. Pairo, hath granted, bargained and sold, released and conveyed, and by these presents doth grant. bargain, sell, release and convey unto the said party hereto of the fourth part and his heirs, all those several lots, pieces or parcels of ground situate in Georgetown, in the county and District aforesaid, and being known as lots number sixteen, seventeen. eigh. teen and nineteen, in Peter Beatty, Threckell and Deakin addition to said town, being bound on the north by Prospect street, on the east by Frederick street, on the south by Bridge street, and on the west by Fayette street, with the dwelling house and other improvements thereon, the present residence of the said Charles W. Pairo; and also lot number five in square number sixty-one. in the said city of ashington and also all other real estate owned by him individually in the said District of Columbia, and all his estate, legal and equitable, therein and thereto, to have and to hold the said hereditaments, and every of them and every part thereof, with the appurtenances unto, and to the use of the said party hereto of the fourth part, his heirs and assigns, upon the trusts and for the purposes hereinafter declared concerning the same. And the said Charles W. Pairo, for the consideration aforesaid, bath assigned, transferred. set over and aliened unto the said party hereto of the fourth part, his executors and administrators and assigns, all and singular the household furniture, plate, Huen, china, glass, goods, chattels and effects of every kind and description, now being in and about the dwelling house and premises of said Charles W Pairo, (and of him.) situate on the said lots in Georgetown aforesaid, or on some or one of them, and as now used and possessed by him and also his horses and carriages and also all debts, stocks, claims and demands, and personal property hatsoever, owned by him individually, wheresoever the same may be, to have, take, receive and hold the same furniture and effects, debts and claims above mentioned, unto and by the said party hereto of the fourth part, his executors. administrators and assigns, upon the trusts and for the purposes bereinafter declared concerning the same. And the said Wm. Nourse, in consideration of the premises and of the sum of one dollar current money to him in hand paid by the said party hereto of the fourth part, at or before the execution hereof, (the receipt whereof is hereby acknowledged,) he. the said Wm. Nourse, hath granted, bargained, sold, released and conveyed, and by these presents doth grant, bargain, sell, release and convey unto the said party hereto of the fourth part, and his heirs, all those lots in the said city of Wasbington, known as lots number two, three, four, five and six, in square number three hundred and thirty-nine, with the dwelling house and other improvements the reon, the pres. ent residence of the said Wm. Nourse, and also all other real estate owned by him. individually, in the said District of Columbia, and all his estate and interest, legal and equitable, therein and thereto, to have and to hold the said hereditaments, and every of them, and every part thereof, with the appurtenances unto. and to the use of the said party hereto of the fourth part, his heirs and assigns, upon the trusts and for the purposes hereinafter declared concerning the same And, for the consideration aforesaid the said William Nourse bath assigned, transfered, set over, and aliened, and by these presents doth assign, transfer. set over and alien, unto the said party hereto of the fourth part, his executors, administrators and assigns, all and singular the household furniture, plate. linen, china, glass, goods, chattels and effects, of every kind and description, of said Wm. Nourse now being in and about his dwelling house and outhouses situate on the said lois. on some or one of them, in thesaid square abovenamed, and as now used and possessed by bim; and, also, all stocks debts, claims and demands. and personal property whatsover, owned by him individually, wheresoever the same may be, and due from whomsoever. to have, take, receive and hold, the same furniture and effects, debts and claims above-mentioned, unto and by the said party hereto of the fourth part, his executors, ad. ministrators and assigns, upon the trusts and for the purposes hereinafter declared concerning the same And this Indenture further witnesseth, that in consideration of the premises and of the sum of one dollar, current money, to the said Charles W Pairo and William Nourse, in hand paid by the said party hereto of the fourth part. at or before the execution of these presents, (the receipt whereof is hereby acknowledged, they, the said Charles W Pairo and W ilnam Nourse, have, and each of them hath, granted, bargained, sold, aliened, released, and conveyed. and by these presents do, and each of them doth grant, bargain, sell, alien, release and convey unto the said party hereto of the fourth part, and his heirs, all those lots in the city of Washington aforesaid known by the numbers following, to-wit lot number six in square number seven hundred and fifty-two, purchased in the name of Wm Nourse for the said firm: also, lots number one, two, six, seven, eight, nine, ten, eleven, twelve and thirteen, according tosabdivision in square num-

11. September 28, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 28, 1857

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FROM WASHINGTON Correspondence of The N.Y. Tribune. WASHINGTON, Sept. 24, 1857. The melancholy days have come, and the panic rages like the pestilence. Philadelphia having fallen, who shall now be safe? There is a report that the three banks of this place, operating upon the ghosts of departed charters, have this morning re. solved to close upon depositors and noteholders. The private bankers withstand the storm bravely. The failure of Pairo & Nourse is a bad one, but was caused by speculations in Western lands. Corcoran & Rigge, and Sweeney, Rittenhouse Faut & Co., rethe principal houses doing a regular banking business. They are safe, but I suppose would bend like reeds to such a tempest as a general sus pension, but would rise after its strength should have been spent. Times like these demonstrate the wisdom of the Protective Tariff policy, that is, simply the policy of making and buying at home, which THE TRIBUNE and the Old Whigs persistently urged. We import $360,000,000 worth of luxuries and necessaries, of which we ought to produce $150,000,000. That $150,000,000, which we send out to purchase what we ought to make, is so much annual loss of capitalis in effect 80 much wealth lost to the country. We sent out last year $57,000,000 more specie than we imported. When the Protective-Tarif Whigs passed the tariff of 1842, upon the principle of protection, they said the country would prosper. And 80 it did, until the end of 1846, when it was su perseded by the charlatanry of Free-Trade experi menters. Mr. Walker said his tariff would increase the imports and exports one hundred per cent. The protective Tariff Party said that if it did, the country would be impoverished by it. The 100 per cent. increase has come. The ruin we predicted has come, and it would have come long ago but for the discovery of gold in California. We have had from that source an average of $60,000,000 per annum for eight years, making nearly $500,000,000. Now all that before undreamed-of wealth is dissipated--where is it It is gone, no man knows whither. And yet we do know. has gone for Paris frippery, for iron mongery and pottery, flannels, broadcloths and baizes, all of which could and should have been made here. Now, the crash will be universal. There is no doubt about that. There will be immense suffering among the poor people who preferred that Englishmen and Frenchmen should do their work for them to doing it themselves; and things will never be settled upon a firm basis tiil we come back to the principle of protecting national industry. In the mean time the surplus in the Treasury is gradually melting away. The operations for last week were: $948,629 0 Receipts 1,180,502 23 Disbursements 17,181,461 8 Surplus 231,873 22 Reduction of surplus Caring myself but little about the General Govermment, but everything for the individual rights and liberties of the people, which can only be effectually guarded through zealous preservation of the rights of the States, I wish to impress upon the people of the North that the Federal Government has thriven upon their follies, The surplus was deposited by them. Five-sixths of the luxuries and non-necessaries imported for the last ten years have been for Northern consumption. The habits of 350,000 slaveholding families at the South are extravagant but those of the mass of whites and all the slaves are simple and economical. They consume very little of imported merchandise. And yet with stupid beedlessness we have allowed to be piled up from taxes upon ourselves, $22,000,000 in the treasury, after an annuul expenditure of $75,000,000, and that surplus is being now devoted to wars upon Free-State citizens in Kansas, to wars against Indian women and children in Florida, Texas, NewMexico, Arizonia, and the Western plains. We have contributed the treasure used for these purposes. The 1st of January is the time supposed to be fixed for the recall of our principal Ministers. The list of removals and appointments is understood to be nearly completed, and I suppose all contemplated changes will be communicated to the Senate at one time. The absurdity of the reported verbal communications to the Ministers of Costa Rica and Guatemala about damages claimed by American citizens against their Government during Walker's wars, is shown by the fact that neither of them has been here for PEMAQUID. two months.

12. September 30, 1857 Evening Star Washington, DC

Article from Evening Star, September 30, 1857

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PUBLIC SURVEYS IN KANSAS.--Returns of the survey of the public surveys in Kansas have been received at the General Land Office, being the subdivisional surveys of township 15, south of range eight, east adjoining the Kansas reservation, and of township 16, south of ranges one to six east, inclusive of the 6th principal meridian, embracing 140,000 acres, and situated in the Western District. AN IMPORTANT DECISION OF THE ATTORNEY GENERAL.--The Attorney General has very recently rendered a decision, that is of some importance to United States Marshals, the country over. The Marshal of the Southern District of Ohio claimed a credit of $161.20, for the furniture of Court-rooms and the Marshal of the Southern District of California, put in a claim for the payment of rent of a court house at the rate of $3,500 per annum, both incurred without the previous knowledge and appropriation of the Interior Department. The question before the Attorney General was could the Secretary legally allow the claims in question? The act of 1853 declares that "the Marshal shall not incur an expense of more than $20 in any year for furniture, or $50 for rent of building and making improvements thereon without submitting a statement and estimates to the Seeretary of the Interior, and getting his instructions." In view of this provision of the law, the Attorney General holds that the Secretary of the Interior has no lawful power to pass the accounts mentioned above. A CORRECTION. - The Baltimore Sun's comments this morning, on the monetary condition of Washington, are likely greatly to mislead the distant public. We yesterday stated that all the note-issuing banks had suspended specie payment. We had no reference whatever to private banking houses in this city, as one would infer from the comments of the Sun this morning. The banks of Riggs & Co., Sweeney, Rittenhouse & Co., and we believe, every private bank in Washington, have steadily met all of their obligations in specie, except the house of Pairo & Nourse. This explanation should be copied by all such newspapers as have been led into error by the article referred to. RATES OF DISCOUNT. A correspondent of the *National Intelligencer* complains that some of the brokers here charged 5 per cent. yesterday for gold in exchange of Bank of Metropolis paper, while a subscriber of the *Star* moans over a similar charge of 10 per centum discount by a similar party on Virginia bank notes. Though such prices were possibly asked by such parties and paid, the latter feat was performed only by nincompoops. The bank of Sweeny, Rittenhouse & Co., were yesterday cashing Metropolis bank notes in specie at 2½ per centum discount, and Virginia money at 5 per centum. So those who paid higher rates, have but themselves to blame. Let them hereafter take care to fall into no such hands THE OCTOBER ELECTIONS. Pennsylvania, Ohio and Iowa hold State elections on the sec-Tuesday of next month-October. Georgia and Mississippi also elect State officers and Members of Congress in October. The vacancy in the Pennsylvania Congressional delegation from the Luzerne district is to be filled at their approaching election. The Democratic candidate, Paul Leidy, will doubtless be chosen. Minnesota, in October, elects State officers, three Members of Congress and a Territorial Delegate the latter, we presume, to be certain of a representative here next winter, in case her admission into the Union be delayed. On Monday next Territorial officers are to be elected in Kansas. THE NAVAL COURTS OF INQUIRY.-Before Court No. 1, to-day, the defence in the case of Lt. Turner is being read as we go to press. It had occupied their session of the day. Before Court No. 2, the pending case of Lt. Bissell was postponed this morning for want of a witness yet to be examined. The case of ex-Lt. J. J. B. Walbach (dropped) was then taken up. Mr. Blount, his counsel, submitted a paper in his case, making certain admissions, on which the Court is sitting with closed doors as we go to press. Before Court No. 3, the case of Lt. Reill is still under consideration, and Capt. Dornin, Commander Sinclair, Passed Assistant Surgeon Coues, and Surgeon Jillard have been examined for the Government in his case since our last issue. TIME OF LOCATION EXTENDED. Under an order some time since made by the General Land Office, the Pensacola and Georgia Railroad Company, in Florida, was required to file the maps of its location (on which to be entitled to public lands) by the 8th of October. On satisfactory representations of inability so to do in that time, the Commissioner of the General Land Office has extended the time in question to January 1, 1858. CLERICAL RESIGNATIONS AND APPOINTMENTS. Mr. G. W. Harper, of Virginia, has been appointed a first class clerk ($1,200 per annum) in the office of the Sixth Auditor of the Treasury, vice G. D. Bronaugh, resigned. Also, Mr. James Auld, of the District of Columbia, to a first class clerkship in the Third Auditor's office, vice Mr. C. T. Cox, resigned. LIGHT-HOUSE KEEPERS APPOINTED. The Secretary of the Treasury has recently made the following light-house appointments. Viz: Geo. W. Averill, keeper of the Goat Island. Me., light-house, vice Samuel Grant, resigned; compensation $350 per annum. Thos. T. Richards, assistant keeper of Cape

13. October 2, 1857 Evening Star Washington, DC

Article from Evening Star, October 2, 1857

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WASHINGTON NEWS AND GOSSIP. THE CARD OF THE PRESIDENT OF THE NORTHERN LIBERTIES FIRE COMPANY-appearing in yesterday's Star-was, in truth, a striking illustration of the justice of our position in holding that organization to a full share of responsibility for the disgraceful and dangerous riot of the night before. It amounted to a boast that the procession marched down to the point where the rowdies on the other side stood also armed, for the purpose of inciting riot. We are informed that the Chief-of-Police. in the course of the day, notified the writer of that card that the marching of the procession to that point would be likely to end in a riot, and obtained his promise to abstain from SO doing; and that the authorities conceived the danger of a riot thus averted. Instead of doing the procession, armed with fire-arms, proceeded direct to the spot where its leader knew its presence would surely lead to bloodshed and to danger to the lives of men, women and children in no manner connected with fire-rowdy rioting. His excuse for having thus carried armed men to a point where he knew their presence would likely to lead to bloodshed, is, simply, that he and they were exercising their rights as freemen of going where they pleased about the city. All will comprehend that going where and as they did, and under the circumstances in which they went there, they went in search of just such a riot as their presence generated at the corner of Four-anda-half street and Pennsylvania avenue. It matters little which gang of rowdies fired the first shot; for it is plain that both gangs had armed themselves, and were in all things prepared to join in the fight. We hold them equally culpable, and equally dangerous to the future peace and good order of Washington city, and trust that they will both be punished to the extent of the law. We have heard some speaking of these rioters as being connected with different political organizations. In the name of both political parties, we protest against disgracing them by holding Democracy or American partyism as a shield to protect them with party sympathy against the just penalty of their misdeeds. Those engaged in the riots are entitled to no sympathy whatever on the part of peaceable and respectable citizens-and least of all to sympathy which makes Democracy and American partyism virtually responsible for their coolly-concocted and prepared-for deeds of blood and violence. THE DEPOSITORS WITH PAIRO & NOURSE.We have repeatedly been requested by individual depositors with the late banking-house of Pairo & Nourse to suggest the propriety of a meeting on their part to take measures for their own protection, if that be possible now. The lingering hope that ere this they would have evinced a disposition to satisfy the depositors that in their assignment they were as solicitous for their interest as for their own, together with an indisposition to publish aught tending to keep the public mind excited upon the subject just now, have, however, induced us to say as little of their affairs as we could, consistently with our duty to the Washington public. Time however, passes rapidly, and if the depositors in question would accomplish anything it must be done promptly. The defaulting house received some $200,000 of the money of our fellowcitizens in trust, and have evidently speculated with it in Western lands to such an extent as that they found it either necessary or convenient to break without a run upon them. The manner in which they received deposits when they must have known themselves to be 80 insolvent as to require them to assign their property in trust is SO universally condemned, and the manner in which they still refrain from spread their affairs before the public, has SO ugly a look about it as to convince us that the quicker the depositors move in the matter of their own protection the better. They should promptly assemble, employ able counsel, procure an injunction upon the execution of the assignment already made. and the appointment of trustees by the Circuit Court, who will manage the assets of the failing house, SO as to realize sufficient to pay off the depositors, with. out thought of waiting for a rise in Western lands which will satisfy Pairo and Nourse with the sales of their assigned property. NICARAGUA.-We take the following inter esting item concerning Nicaraguan affairs from the New York Herald, republishing it because we have every reason to believe, from information for some time in our possession, that the English effort referred to to induce the Government of Nicaragua to place its transit route under English control, is being made: WASHINGTON, Sept. 29, 1857. I have been informed, on authority in which I place full reliance, that negotiations have been going on for many months past, between the representatives of some influential English capitalists and the present Provisional Government of Nicaragua, in regard to the right to convey pas. sengers and freight through that country. and am assured that, so far as it can at present be, the State of Nicaragua is pledged to cede the sole right to hisassociation The capitalists of whom it is composed are Thomas Manning Esq., her Britannic Majesty's consul at Realejo, Nicaragua, now residing in London, and the executors of William Glenton, Esq. late of Leon, Nicaragua. The Government is indebted to them about $256,000. The agents here are W Glenton, son of the late Win Glenton, and B. Clover, late of the firm of Dawson & Co., of this city Nought could be more disastrous to the future of the connection of the Atlantic and Pacific sides of the United States and territories than the success of this scheme, as must be apparent to all. In the same connection we are just now threatened with a formidable Spanish-American league, really against American commercial and other interests, acting, of course, under British influence. In addition to what we not long since said upon that partienlar sub