22089. Farmers National Bank (Vergennes, VT)

View Charter #2475 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2475
Charter Number
2475
Start Date
April 15, 1901
Location
Vergennes, Vermont (44.167, -73.254)

Metadata

Model
gpt-5-mini
Short Digest
572b8f7d

Response Measures

None

Receivership Details

Depositor recovery rate
71.5%
Date receivership started
1901-04-13
Date receivership terminated
1906-10-01
OCC cause of failure
Fraud
Share of assets assessed as good
76.6%
Share of assets assessed as doubtful
13.1%
Share of assets assessed as worthless
10.3%

Description

Cashier D. H. (David/D. Henry) Lewis's large embezzlement was discovered during an examination (April 1901). The bank was closed, a federal receiver appointed, indictments followed, and the institution remained defunct (receivership) though dividends were later paid to depositors. No article describes a depositor run; the cause was bank-specific embezzlement.

Events (4)
1. April 29, 1880 Chartered
Source
historical_nic
2. April 13, 1901 Receivership
Source
historical_nic
3. April 15, 1901 Receivership
Newspaper Excerpt
The controller of the currency has appointed J. T. Sullivan of his office a temporary receiver for the Farmers' National Bank of Vergennes, Vt.; appointment of a receiver for the Farmers National bank and the announcement that a shortage of $90,000 had been discovered in the accounts of Cashier Lewis, have made a great sensation in this community.
Source
newspapers
4. April 15, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examination discovered a large shortage/embezzlement by Cashier D. H. Lewis (reported about $90,000 to $150,000 in different accounts), prompting closure and appointment of a receiver.
Newspaper Excerpt
The bank did not open for business this morning. The controller of the currency has appointed J. T. Sullivan of his office a temporary receiver for the Farmers' National Bank of Vergennes, Vt.
Source
newspapers

Newspaper Articles (21)
1. April 15, 1901 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, April 15, 1901

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Annual Treat. There were flowers in many East Side homes. This is an annual spring treat provided by Dr. Rainsford. Instead of decorating his church at Easter with cut flowers, he uses hardy, blooming geraniums, which afterward are distributed among the tenements. SHORTAGE OF $90,000 Charge Against the Cashier of a Vermont Bank. New York Sun Special Service Vergennes, Vt., April 15.-The appointment of a receiver for the Farmers National bank and the announcement that a shortage of $90,- 000 had been discovered in the accounts of Cashier Lewis, have made a great sensation in this community. Cashier Lewis has not been arrested, but remains at home. He has turned over to the officers of the bank his entire holdings of stock and negotiable property. The alleged peculations are understood to cover a long period. Lewis has been connected with the bank since its organization, twelve years ago. He is about 50 years old. Cashier D. H. Lewis was arrested later, on a charge of misappropriating the funds of the institution. The bank did not open for business this morning. To Prevent Pneumonia and Grip Laxative Bromo-Quinine removes the cause. Do you want a roof that will never leak? See W. S. Nott Co. Telephone 376.

2. April 15, 1901 Evening Star Washington, DC
Article from Evening Star, April 15, 1901

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Bank Cashier's Account Said to Be $90,000 Short. TROUBLE AT VERGENNES, VERMONT Farmers' National Bank in Hands of Government Examiner. DOORS CLOSED TODAY VERGENNES, Vt., April 15.-Cashier D. H. Lewis of the Farmers' National Bank of this city was arrested today on a charge of misappropriating the funds of the institution. The bank did not open for business this morning. Bank Examiner Fish, who was in charge of the bank, explained that it could not be told whether the doors would be opened or not until Receiver Sullivan of Washington should reach here some time today. Mr. Lewis was taken into custody at the home of his married daughter, with whom he lived in apartments over the bank. Mr. Lewis expressed some surprise when the marshal announced his errand, but was of the opinion that he could secure bondsmen readily. The controller of the currency has appointed J. T. Sullivan of his office a temporary receiver for the Farmers' National Bank of Vergennes, Vt. Bank Examiner Frank L. Fish, during an examination of the bank April 3, discovered a shortage in the cash, and a further investigation, which has been conducted by Special Examiner John B. Cunningham, indicates a total embezzlement by the cashier, D. H. Lewis, of $90,000. After the discovery of the defalcation the examiner secured the return of $25,000 to the bank. Until a more complete investigation into the acts of the cashier is made it is impossible to state what loss, if any, will accrue to the depositors. It is not believed, however, that the loss to the depositors will be large. The last published statement of the .condition of the bank bears date of February 5. According to this statement the deposits then amounted to an aggregate of about $68,000. The rediscounts and the bills payable aggregated $16,000. It is believed the statement was inaccurate in several items. The capital of the bank is $60,000 and its surplus $6,000.

3. May 15, 1901 Evening Journal Wilmington, DE
Article from Evening Journal, May 15, 1901

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MANY BANK DEFALCATIONS DUE TO BOOM IN STOCKS Washington, May 15.-The recent epidemic of bank defalcations is chargeable by Treasury Department officiais to the speculative boom that has been agilating the country. Since the stock market began to go up no less than seven cases of defaulting bank officials have come to light, in four of which the banks concerned have been forced to suspend. It is expected, too, that the crash of last week has involved others which have not been heard from. The cases are: The First National Bank, of Niles., Mich., whose cashier, Johnson, took about $100,000, which he lost in "bucket shop" speculation; Lemars National Bank. of Lemars, O., which was forced to close its doors because of a speculating vice-president; Farmers' National Bank, of Vergennes Vt., which was wrecked by the defalcation of Cashier Lewis, amounting to more than $100,000; First National Bank of Vancouver, Wash., whose cashier, Canby, lost $81,000 in speculation, wrecking the bank, and then committing suicide, along with President Brown, of the same institution; in the First National Bank of Birmingham, at Pittsburg, A. J. Schroth, who was in charge of the individual ledger, ran through $35,000 belonging to the bank before he was detected; in the Third National Bark of Pittsburg, Bookkeeper Siedel was found to be short $36,000. Both of these last named banks are strong institutions, and neither was weakened seriously by the losses. The latest case is that of Teller Flower. of the Hibernian National Bank, of New Orleans, who nas been arrested, charged with a shortage of $36,000. He states that his downfall is due to speculation on the New York Stock Exchange. The bank is sound and will recover most of the money from the teller's bondsmen.

4. May 17, 1901 The Billings Gazette Billings, MT
Article from The Billings Gazette, May 17, 1901

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SOME WERE CAUGHT. It would, indeed, have been remarkable had not some of the banks of the country been caught in the maelstrom of last week through the mistaken notion of their officials that they were safe in using the funds entrusted to them for the purpose of increasing their private fortunes by taking a "flyer" on the exchange. Since the excitement has aied out seven officials of national banks have been found out as having "gone wrong," according to reports from Washington. While all the details have not been learned as to what the officials did with the money they took, it is the opinion at the office of the comptroller of the currency that in every case speculation in some form is responsible* for the shortage. Four of the banks have been compelled to suspend. With the exception of one case, all the defalcations came to light while the bull boom in stocks was on, when many of the speculators were making money and apparently believing that there was no end to the advance in prices. The comptroiler's office believes that others will be heard of, cases where some of the officers or employes of the banks used funds illegally. The affected banks are scattered over a large area of the country, showing that the fever for suddenly getting rich was not peculiar to any one section. As shown by the figures obtainable the total of the seven shortages is $438,000. Of this shortage the largest amount IS charged up to the Farmers' National bank of Vergennes, Vermont, which is reported to have a discrepancy of $150,000. Away up in Washington state a bank, the First National of Vancouver, is behind $81,000. Of course, none of the men responsible for the shortages intended to steal the money. They expected to use it for a few days only, until they could unload, and then make good without anybody knowing the least concerning the transaction. They were simply weak men, who could not resist the temptation to gamble, a weakness with which many Americans, unfortunately, are affected, and who are every ready to grasp at the illusive opportunities presented on the stock exchanges to suddenly and easily grow wealthy, not having the patience or ability to accumulate riches in the legitimate way.

5. May 27, 1901 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, May 27, 1901

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BANK WRECKERS ARRESTED. Lieut. Gov. M. F. Allen of Vermont Has Been Indicted. Vergennes, Vt., May 27.-Lieut.-Gov. M. F. Allen, vice president and director of the Farmers' National bank which recently suspended here, and J. W. Ketchum, a representative to the legislature from this place were arrested today by United States officers under indictments charging them with complicity with Cashier D. O. Lewis in wrecking the bank.

6. May 28, 1901 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, May 28, 1901

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GREAT SENSATION I In the Farmers National Ban Case, Vergennes, Vt. Lieut. Gov. Allen and Rep. Ketchur Eoth Under Arrest t Charged With Aiding Cashier Lewis to Wrec "II Dony 4108-1 eg Vergennes, Vt., May 27.-Lieut. Gov M. F. Allen, vice president and director of the Farmers National Bank which recently suspended here, and J. Ketchum, a representative to the Leg islature from this place, were arrested today, by United States officers under indictments charging them with plicity with Cashier D. H. Lewis wrecking the bank. The indictments were found by the United States grand jury at Windsor, last week. There two counts in each case, charging plicity in embezzling the funds of the bank and with falsifying the accounts Lieut. Gov. Allen will be given hearing at Ferrisburg, his home. during the day. The United States officials will go to that place for the pur pose. Mr. Ketchum was taken to Bur. lington after his arrest for a hearing before the United States court in that city. These developments in the bank were not wholly unexpected as rumors involving the names of both men have been in circulation in this city, since Friday, when the United States grano jury reported three indictments against Cashier Lewis, charging embezzlement and making false entries. It was understood that these rumors had become SO strong that the lieutenant governor visited Windsor, Satur-

7. May 28, 1901 New-York Tribune New York, NY
Article from New-York Tribune, May 28, 1901

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LIEUT.-GOVERNOR ARRESTED. M. F. ALLEN, OF VERMONT, ACCUSED OF COMPLICITY IN VERGENNES BANK CASE. Vergennes, Vt., May 27.-Lieutenant-Governor M. F. Allen, vice-president and director of the Farmers' National Bank, which recently suspended business here, and J. W. Ketchum, a representative to the legislature from this place, were arrested to-day by United States officers under indictments charging them with complicity with D. Q. Lewis, the cashier, in wrecking the bank. The indictments, which were found by the United States grand jury last week, are in two counts, each charging complicity in embezzling the funds of the bank and falsifying the accounts. Lieutenant-Governor Allen will have a hearing at Ferrisburg by United States officials, who will go to that place for the purpose. Mr. Ketchum was taken to Burlington after his arrest, and at a hearing he pleaded not guilty, and bail was fixed at $5,000. James Sullivan, receiver of the bank, has placed an attachment upon all the property of Lieutenant-Governor Allen and also upon the estate of Norman J. Allen, his father, of which the son is administrator.

8. May 28, 1901 Ottumwa Semi-Weekly Courier Ottumwa, IA
Article from Ottumwa Semi-Weekly Courier, May 28, 1901

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Lieutenant Governor of Vermont in Hands of Law. CHARGED WITH CRIME Representative of Same State Also Arrested-Both Indicted on Charge of Wrecking a Bank-Taken in Charge by United States Officers. Vergennes, Vt., May 27.-Lieutenant Governor Allen, vice-president and director of the Farmers' National bank, which recently suspended here, and J. W. Ketcham, representative in the legislature, from this place, were arrested today by United States officers, under indictments charging them with complicity with Cashier Lewis in wrecking the bank.

9. May 28, 1901 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, May 28, 1901

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Charged With Complicity, Vergennes, Vt., May 27.-Lientenant Governor M. E. Allen, vice president of the Farmers' National bank, which recently suspended, and J. W. Ketcham, a legislative representative, have been arrested by United States officers under Indictments charging them with complicity in wrecking the bank.

10. May 30, 1901 The Lewiston Teller Lewiston, ID
Article from The Lewiston Teller, May 30, 1901

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Wreeked a Bank. Vergennes, Vt., May 28.-Lieutenant Governor M. F. Allen, vice president and director of the Farmers' National bank, which recently suspended here, and J. W. Ketcham, a representative to the legislature from this place, have been arrested by United States officers under indictments ! charging them with complicity with Cankier D. O. Lewis in wrecking the bank.

11. October 4, 1901 Middlebury Register Middlebury, VT
Article from Middlebury Register, October 4, 1901

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Wrecker Farmers' National Guilty on Bank One Count. former II. Lewis of Vergennes, National bank of David of the Farmers' making false that place, books at the entries District cashier on the pleaded bank's guilty to court in session this of United States Wednesday's RutWheeler city vesterday. and says was sentenced by Judge seven land Herald. of Brattleboro labor, to at years' Hoyt H. imprisonment, correction. without The disposal hour of the house occupied of little over half people an outthe case witnessed by few jury. The and was members of the grand dozen words did In making side respondent the the entire proceeding. not somewhat utter a agitated, but his plea in he appeared watched the progress grew calmer and He was evidently to case intently. but kept up Powers of the end. H. made a strong plea, surprised of the at the H. sentence, District Morrisville, Attor- which his attorney, answered by officer. was briefly Martin, the prosecuting house as soon sentenced and was The ney J. prisoner L. left the court immediately taken as house of correction. Atto the docket was understood called, torney As soon Martin Lewis as the stated was that ready he to was plead held. to David H. on which he Mr. one of the counts conversation with was After a he short added that Mr. Lewis charge of to plead the books of the ready Powers entries guilty on to the Martin making false bank. Mr. National of Lewis' counagainst acquiesced Farmers' in other the counts request nol prossed, the resel that the be consolidated and that a nolle spondent and Judge Wheeler made. ordered to then the called prosequi entry be was pen on The respondent and arraigned on the the entries prisoners' of making false cashier of that charge the bank while his place books of When Lewis took he quickly institution. decidedly nervous. but although his regained he was his composure, and indistinct and at firm. first He voice was husky strong and immediately grew to the charge and then in his sat pleaded guilty listen intently to the plea answer to Powers and its behalf by Mr. Judge Powers Attorney He said down Martin. in part: spoke by in at some some desire length. considerations which I There are the case the connection with court, believing that a to most submit favorable to the the plea facts will which arise I have, from re- in recital Mr. of Sulliyan, the bank's did not plain ceiver. part, from First. when this respondent the hortage owned at the leave the state Second, he bank was discovered. true state of his overdraft. personal up at once to acknowledged the his and account and he has made complete the bank In addition The loss to responample restitution. to about $26,000. The through the aid of $25,000, leaving in the sum He had been amounted and dent. paid of friends, procured cashier 20 the shortage for nearly of $1000. years with While a salary overdrafts latterly of $1500 a year. did not draw out his In were being made was he due him a balance the salary and there point of fact the bank respondent every has of $9500. not only paid actually back to therein $10,000 about dollar. but addition. has His bond of been paid 88500 the in surety company has attached in a and with his personal property bank's receiver, which to 1 should suit in favor realize of somewhere the from $3000 as $5000." Judge Powers closed with a plea for soon a Mr. t in part light District sentence. Powers Attorney was Martin seated arose and as follows: in slow. distinct as tones, desire spoke to urge the court to "I have no or extreme loss penalties. to the Whether impose Lewis hard has made I cannot the say. I un- the bank good or upwards not, of $100,000 somewhere. of funds have is due to How much of I am derstand actions bank's of that the respondent this sum gone guilty to unable violating false the to say. a United He States has pleaded statute here to by deny making that 825,- and I'm not his account, been paid in this case is 000 entries. has that after on put in dis- for I apprehend will be a claim it was that sum on that is which posed of there loan. the But grounds neither that to here merely a The false entries of guilty are nor Lewis there. entered a extend plea over many Mr. They to keep bad enough. many. His duty was they should years- the books -too of the bank dollar where on hand. Inbe and guard that every the money has checks been have left stead of Time and again the books unguarded. over and over of on these false been charged While not all of them entries are his pen. of the bank. by Mr. Lewis, some He also false reports to the bank in regard 1 the stockholders Under the law he standing; reports are made distinctly from of the comptroller truthfully. is sup- and to its to make these untruthful and deceivposed they were bank show a want Instead ing. due The fidelity books on of the the part offense, of the a violation cashier, of mind a serious the law.' to my and a violation and of Mr. Martin of Both duty Mr. briefly Powers in answer from the to court. quesspoke from one another among or other g t The tions former again stated Mr. Lewis had things fifteen been that he thought entries for about reflection Wheeler falsifying years. After the delivered a moment's the sentence in

12. December 13, 1901 Windham County Reformer Brattleboro, VT
Article from Windham County Reformer, December 13, 1901

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Attorney Frederick B. Deberville of Middlebury died suddenly Tuesday from an overdose of bromidia, administered by himself. Thomas Flaherty and William Carroll, acquitted last week of robbing the Essex Junction postoffice, have been rearrested on a charge brought by the state's attorney of Chittenden county. Louis Sassi, one of the Italian anarchist group arrested at Barre a year ago, charged with complicity in shooting Chief of Police Patrick Brown, is again in custody, held pending an investigation as to his sanity as he has been very violent of late. Barre is much interested in a proposed new line of railroad to run from Rutland through Barre and Montpelier to Hardwick and Newport. Granite manufacturers and business men are at the bottom of the project, their shipments amounting to $3,000,000 annually and increasing 20 per cent each year. It is rumored at Vergennes that Frances Pearson Hallett of Concord, Mass., who was reported as engaged to D. H. Lewis, the defaulting cashier of the Farmers National bank, has brought suit against the receiver of the bank for recovery of $25,000 furnished Mr. Lewis for payment to the bank. H. H. Powers of Morrisville will be attorney for Mrs. Hallett, and the charge will be that the money was secured under false pretenses. The grand jury at Middlebury listened for several days last week to testimony on the charges against young Nelson Jones of Shoreham for procuring an abortion on Ida Fosburg of West Rutland, who died at Jones' house in Shoreham where she was employed. Many witnesses were examined. Miner Jones, father of Nelson Jones, died at a Middlebury hotel Monday night from illness brought on by anxiety over his son's case. He gave his testimony the preceding Thursday. James Buck of Hardwick was captured in a swamp near Greensboro Pond last week Thursday and jailed on suspicion of murdering his wife, several days before. Mrs. Buck was found by her children unconscious, her head battered to a jelly. An iron bar lay near the bed. As Buck was known to have left home and sent the son and daughter home saying that their mother was sick, he was suspected of the crime. He confessed to buying liquor the day before the murder, and that he struck her but does not claim to have killed her. A special grand jury will investigate the case. The suit of J. H. Livingston, publisher of the Bennington Reformer, against ex-Gov. C. S. Page of Hyde Park, for $1000 for political editorial work during the congressional campaign in the second district in 1900, was thrown out of Bennington county court Friday by Judge John W. Rowell, on the ground that the claim was illegal. The judge referred in scathing terms to the condition of affairs which was shown by the testimony. A verdict for the defendant was ordered. The plaintiff testified over and over again that he was hired for a money consideration and supported the candidacy of the defendant because of what he was paid and letters were introduced to show the nature of the understanding between the two men. Judge H. H. Powers, counsel for Livingston, filed exceptions to the ruling and will take the case to the Supreme court, as he stated, to have the status of such cases definitely settled. It is certain that Livingston secured $100 for his services.

13. January 31, 1902 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT
Article from Vermont Phœnix, January 31, 1902

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# State Agricultural Society. The Vermont State Agricultural society at the annual meeting held Rutland Tuesday elected these officers: President George Aitken, Woodstock; vice presidents, C. J. Bell of Walden, George W. Hooker of Brattleboro, Dr. Seward Webb of Shelburne, T. M. Deal of St. Albans; secretary, C. M. Winslow of Brandon; treasurer, J. W. Parker of Quechee; directors, three years, M. H. Miller of Pomfret, H. R. C. Watson of Brandon, E. Selden of Burlington, J. L. Bacon of White River Junction, P. W. Clement of Rutland and Charles C. Dow of South Newbury. A committee was appointed to confer with the Rutland County Agricultural society with a view of holding a joint fair at Rutland. Twenty-two new members were elected. Joseph Carroll, 19, a switchman, was passing through an open train at White River Junction Friday night, when it closed catching him between the bunters and crushing him so badly that he died in a few hours. The comptroller of the currency is expected to soon declare a 25 per cent dividend for the depositors of the Farmers' National bank of Vergennes. Two similar dividends have been paid. The suit for $25,000 of Mrs. Hallett vs. Frank L. Fish, receiver of the bank, is set for trial in the United States circuit court Feb. 2. The Vermont Botanical club's annual business meeting was held in Burlington Saturday. Officers were re-elected, including president, Ezra Brainard of Middlebury College; secretary, Prof. L. R. Jones of Burlington. The two days' summer meeting will take the form of an excursion to the islands and points of interest along Lake Champlain.

14. January 31, 1902 Middlebury Register Middlebury, VT
Article from Middlebury Register, January 31, 1902

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Middlebury, Vt., Jan. 28, 1902. THIRD DIVIDEND OF FARMER'S NATIONAL BANK. It is reported in Vergennes on excellent authority that the comptroller of the treasury is about to declare another dividend to depositors of the Farmer's National bank. There has already been paid since the failure two dividends, each of 25 per cent, and the third will be for the same amount. It is thought that the case of Mrs. Francis Pearson Hallett vs. Receiver of the Farmer's National Bank of Vergennes will make no difference with the paying of this third dividend. In this suit, it will be remembered, Mrs. Hallett seeks to recover $25,000 advanced to Cashier Lewis. Former Governor E. J. Ormsbee of Brandon is retained as counsel by the receiver. Papers were filed in the case on Jan. 4 and the hearing is set for Feb. 2 in the United States district court.

15. February 6, 1902 Herald and News Randolph, VT
Article from Herald and News, February 6, 1902

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# State of Vermont. Its News Condensed and Rewritten for Our Readers. Mrs. C. Holcomb of Monkton, aged 50 years, took her first ride on the cars last week. Montpelier will entertain the Vermont Spiritualist association again next year. Morrisville will endeavor to secure the next convention of the State Sunday School association. Elbert Hubbard, editor of The Philistine, at East Aurora, N. Y., lectured at Lyndonville recently. Indications point to the renomination of Dr. Donley C. Hawley for mayor of the city of Burlington. There are said to be thirty-eight widows and widowers within a radius of two miles of East Topsham. About 50 rural delivery routes in the first district have already been established by Congressman Foster. The annual officers' school of the Vermont national guard will be held in Burlington Feb. 18, 19 and 20. The annual meeting of the Vermont State Dental society will be held at the Berwick House in Rutland March 19, 20 and 21. Plans for the erection of an elaborate new summer hotel in Wilmington are being carefully carried out by Maj. F. W. Childs. It is said that there are at this time 25 cases of Cuban itch in Burlington. The disease is the same that was first mistaken for smallpox. Orville H. Richardson of Montpelier has discovered a vein of ore on his land that looks like copper and he is to have an analysis made. H. P. Sherwin, for twenty-one years sexton of the village cemetery at Bristol, has resigned. During his term of office he has dug 625 graves. Barre veterans of the Spanish-American war are about to organize and apply for a charter from the National Spanish Veterans' association. The International mill at Newport has closed for the winter because of a shortage of lumber. Some 25 hands are thrown out of employment. The statement has been made that there are more lumber mills within a radius of fifty miles of Morrisville than any other place in the country. The cost of maintaining the schools of Burlington during the past year has been $63,971.64. The estimated value of the school property is $334,700. While scraping the ice on Otter Creek near Middlebury last week, preparatory to trotting, the ice broke and four horses, valued at $800, were drowned. Judge Wheeler of Brattleboro gave decision in 11 Chinese appeal cases recently in all of which the orders of deportation by the commissioner were confirmed. First citizenship papers were applied for by sixteen foreigners in Montpelier last week. The applicants hailed from Spain, Sweden and Italy. They were from 21 to 38 years old. Dr. and Mrs. W. Seward Webb and Miss Frederica Webb of Shelburne have been visiting the earl of Minto, governor general of Canada, at Rideau Hall near Ottawa, Ont. Capt. Geo. W. Gatchell, U. S. A., at one time instructor at the Vermont academy at Saxton's River, has been transferred from the 19th to the 24th company, Coast Artillery. Last week the co-operative creamery at Waitsfield paid its fifth annual dividend of six per cent. The average price paid patrons for butter was 19.21 cents a pound for the past year. It is thought that the case of Mrs. Francis Pearson Hallett vs. Receiver of the Farmers' National bank of Vergennes will make no difference with the paying of this third dividend. Editor A. F. Stone of St. Johnsbury has gone for a three months' trip in California. J. W. Sault and Walter Husband will constitute the editorial force of the Caledonian in his absence. J. A. Stewart of the firm of L. & J. A. Stewart, tin can manufacturers, of Rutland, was fined $20 and costs of $9.35 Thursday for kicking Richard Lloyd, a 16-year-old boy in his employ. The dairy school, which has been in progress at the Experiment farm at Burlington, closes this week. There was an attendance of over 50 students and the course has proved very profitable. Guy Hammond Abbott, '02, of St. Johnsbury has been elected captain of the Dartmouth baseball team to succeed L. D. Varney, recently suspended by the athletic council for professionalism. The jury in the ejectment case of M. Quinn against the rental committee of Rutland Council, No. 232, Knights of Columbus, brought in a verdict for the defendants, with costs. The plaintiff appealed. The directors of the Y. M. C. A. at St. Johnsbury have hired C. S. McGown as secretary for another year and presented him with $100 for his efforts in the recent food fair, which was a great success.

16. April 24, 1902 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, April 24, 1902

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mman: "The new book showed nothing but the balance on hand.' "Yes." "You don't know very much about your checks, do you?" "I know it was a very hard to in the bank. For the had ind them called last matter year time and time again and was I old they were laid away some where and couldn't stop to find them." "For the the Mr. speaker Martin: last year? "Well, it might have been for the last wo or three years.' F. L. Fish was recalled and testified that all of Allen's and Quinlan's checks were, is n far as he knew, in the large bag. put ernment. evidence a short time before by the govGOVERNMENT EXPERT TESTIFIES. C., Frank R. McCormick of Washington. D. followed Mr. Fish and said he the of to examine the books by ice. He the government department of the was bank. sent juswent through the books and checks with Mr. Platt and had made a partial ist, Mr. which covered the items taken up by Platt in his previous testimony. by "State whether any item was given Mr. Platt incorrectly? "I followed his testimony closely and compared it with my list, but did not see was all ut Mr. everything Cushman's right. cross-examination showd back that witness's examination extended only three years. His remaining testimony was largely in regard to his sociation with Mr. Platt in the examina- asion of the bank. PRES. DUNSHEE'S EVIDENCE. President N.F. Dunshee. of the defunct bank, was the next witness sworn. "You are the president of the Farmers' National Martin, bank of Vergennes, asked Mr. "I was," Mr. Dunshee responded dryly "Did you in any way have knowledge that false entries were being made on the bank's books? "No sir. "Was the employment of John W. a Ketchum by the bank brought before meeting of the directors at any time?" was.' "What was the conclusion at that time: Mr. Dunshee explained that the directors Ketchum was by but that the bank had $100 Lewis, for thought paid employed Ketchum his assistance in that Ketchum did work in was elected to the bank until He He said he Legislature, institution. the said the other directors of the were Walter Scranton of New bank of New York, M. F. Henry W. Tracey of Lewis, Leroy Allen, York, Shelburne, H. D. W. H. who was elected to succeed C. W. Read, who died in 1897. Mr. Martin in conclusion asked "Did authorize or consent to the false entries you being made on the books of the bank?'' "No sir." Brown The cross-examination by Attorney the was of interest. Mr. Dunshee nually. books of the bank were examined said anthe "At what time while Ketchun was in the bank did you or the directors examine books?' "In January of each year." 899?" "Did you examine them in January, "I think so." "Did you as director or the other January?" ors make any other examination except direc. in "No, sir, I don't think EO. of "You the made a thorough examination 1899?" books at the January meeting in "We examined all the books." Mr. Dunshee proceeded to tell how the examination was conducted. The out a list of the notes and counted the money and made it and with they compared deposits cashier positors. the notes and the books of the de"Did you compare to see if the deposit accounts were correct or if they had been padded thousands of dollars? "O no, sir. "Did you examine the books themselves to see if the balances were correct?' "No don't think so.' Mr. Dunshee : said a dividend of two meeting. cent was declared at the January, 1899 per "You knew at the January meeting that the bank was running short of funds didn't you?' "I did." "You knew that the teller and clerks had been sent out among the depositors to get in money?' "I did not. "How much of the embarrassment of bank in respect to paying checks did the 1899?' know of at the last of 1898 or the first you of "I didn't know anything about it until a short time before the bank closed." "At the annual meeting in January, 1901, another dividend of two per cent was declared? "Yes sir. Witness stated that he first found out the bank was several thousand dollars in the hole when it was examined by an ex. pert and closed. "Didn't you know prior to the examination by Mr. Fish of a shortage?' sir.' replied the former claimed there was short. made up a statement to age The "No and cashier purporting president. no true condition of the show the bank." Withnessthought thisstatement after ing presented to the directors was taken beby Lewis to New York to show Mr. Seranton. He thought Tracy, Allen, were at the meeting himself hired. when Lewis Ketch- and um was He acknowledged that he signed the reports made to the comptroller of currency made out by Lewis in 1899 and 1900. 'Did you know that during Ketchum's in the bank the of the were overdrawn directors service accounts largely "Yes sir, the books showed it. as a rule they were at the time of the overdrawn Witness said January not meeting. He thought his own account might have been a little. yours one of them I don't think so.'' "Was "Well, "Do you know that the statement to the comptroller said that none of the directors accounts were overdrawn "Well I don't know as they were." DIRECTOR TRACY EXAMINED. The court refused to allow the cross. examination to proceed farther along this line and after filing

17. May 28, 1902 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, May 28, 1902

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# CONDENSED DISPATCHES. One dead and fire seriously if not fatally wounded is the result of a locomotive explosion in Manchester, Va., Tuesday. The accident occurred on the tracks of the Atlantic Coast Line, the engine being attached to a local freight train. Fire at Springfield, Ont., Monday, caused a loss of $50,000; only partially covered by insurance. The principal loss was sustained by the D. W. Hendric department store at $25,000 and the Methodist church at $15,000. Seven other firms were burned out. The maritime prefect at Cherbourg has issued a notice of the loss, May 23, of 3 fully charged torpedo from the Frenca cruiser Admiral Trehourart in Cherbourg roads, constituting a serious danger to navigation. A reward is offered for the removal of the torpedo. Louis Creighton, the colored man who, it is alleged, April 9, assaulted Richard Powell, inflicting injuries which resulted in his death, was arraigned at Cambridge, Mass., Tuesday, and was held in $5000 for the grand jury. Manslaughter was the charge preferred against the defendant. Five hundred damask weavers went on strike at Philadelphia, Tuesday, for higher wages, closing a number of mills. It is contended by the strikers that their wages have been reduced 40 per cent. in the last 12 years, and although increases have been promised a number of times, the promises were never fulfilled. Bertha Condon of Boston, was arraigned in court at Brockton, Mass., Tuesday, on a charge of assault with intent to murder Morris W. Quinn of Brockton, on the night of May 14. It is alleged that she was jealous of another woman, whom Quinn intends to marry, and that she fired four shots at him and one at herself, but without harm in either case. The case was continued till Wednesday for a hearing, and she was held in bonds of $1000. The triangular league which included Amherst, Wesleyan and Williams College teams, has been disrupted and all games have been cancelled, the Williams athletic council having voted to withdraw at once. Amherst previously had voted to withdraw at the end of the season. The termination of the agreement is the result of trouble over protests made by Williams and Wesleyan against Kane, the star pitcher of the Amherst baseball team. It was alleged that Kane should be barred on the ground of professional-ism. The receiver of the Farmers' National Bank of Vergennes, Vt., has been made an offer of $16,000 by Lieut. Gov. Martin F. Allen of North Ferrisburg, formerly vice president and director of the institution, and others, in settlement of the claims of the bank against Mr. Allen and members of his family. The total indebtedness is $16,285, in addition to which is an apparent overdraft by M. F. Allen of $10,800. Of this amount $6189 is claimed to be accounted for by the manipulations of Cashier Lewis and his clerk, Representative J. W. Ketchum, both of whom are now serving sentences for wrecking the bank. It is claimed that the balance is offset by credits which should have been made but which were never made. The offer of $16,000, it is thought, will be accepted.

18. May 30, 1902 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT
Article from Vermont Phœnix, May 30, 1902

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# TO SETTLE BANK'S CLAIMS. Lieutenant-Governor Allen Offers $16,- 000 to Farmers' Bank Receiver. The receiver of the Farmers' National bank of Vergennes has been made an offer of $16,000 by Lieutenant Governor Martin F. Allen of North Ferrisburg, formerly vice president and director of the institution, and others in settlement of the claims of the bank against Mr. Allen and members of his family. The to- tal indebtedness is $16,285; in addition there is an apparent overdraft by M. F. Allen of $10,800. Of this amount $6189 is claimed to be accounted for by the manipulations of Cashier Lewis and his clerk, Representative J. W. Ketchum, both of whom are now serving sentences for wrecking the bank. It is claimed that the balance is offset by credits, which should have been made, but which were never made. The offer of $16,000, it is thought, will be accepted.

19. December 12, 1902 Middlebury Register Middlebury, VT
Article from Middlebury Register, December 12, 1902

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ADDISON COUNTY COURT. A Close Next Lot of Cases Worked Week. Off. Probably The county court has since continued our last in from day to day days there session although on some those days report, little doing. On judges Judge was but Haselton and the assistant room patiently stayed about for something the court to turn during up the for waiting consideration, and succeeded their of last week they off the closing in getting days quite a number of cases When dockets. our report closed last Woodward week the & case of R. E. still E. Brown on trial. vs It was T. com- W. French Thursday was afternoon, taking about pleted of Rutland closing Moloney minutes to finish which his he had twenty for the plaintiff, Judge Haselargument before dinner, and ten minutes begun occupying only about Besides ton the charge to the jury. maiden with brief, Judge Haselton's jury was being to an Addison County clearness. charge and admirable in its quarter concise were out only about a came in The jury at three o'clock plaintiff of hour verdict and in favor of the interest with a and his costs, and was the for $177.60 October 11, 1900. This Mr. Brown from for which lot of full amount suit as the value of Mr. his Woodbrought and It looks as though as French sheep, would have to pay with. it, It is not ward nothing to pay be taken to has appeal will has been Supreme likely that court, an although there talk of that. out, While the hearing jury in this on a case motion were Blaize to dis- vs was the a case of Joseph of miss Louis in Goulett. Lawyer the motion LaFleur for there some had the Middlebury that the the defendant, jurisdiction claiming argued under court statutes, had no value of the property replevined of Midas the $20. Lawyer Davis of thought value of the dlebury was under to the the judgment that pro- the the appraisers was as not infallible and its value perty be tried and should submitted. The was ascase from evidence decision court certained took the papers and for the plaintiff, amount, by was the clerk to the assess case of the H. S. Summer reserved. rendered Judgment default. vs of Norton. in George Haselton for Mr. court then announced up The be taken cases 'clock; and criminal A. Bristol L. appeared would at 20 Summer. that the on Monday afternoon were no more cases was ready then to as there hearing a recess come on for nine o'clock Friday morning. was a day of holding came taken Friday to it were. When court learned court jury that by in spurts, as morning it was trial on the in the the only - case Trustee left for of Frank had Babino's been calendar VS John Douglass- juriors were there two estate settled. excused and the from petit attendance until simiupon m. on Monday. of the pendency court. these of a four On in the Supreme continued to lar cases that case; receiver important case account were Frank National await L. the decision in of the Farmer's Edson B. Palmer bank Fish, of Vergennes, the same vs against In re Frank Emerson and and F. L. Holland's trustee: administrator: etc., and trustees. Fish, as Fish, receiver. F. C. Kennedy were next receiver, vs court matters run out of of and then, a recess was to work on. in the disposed Some small having afternoon. taken open timber 11 o'clock to session two did not At from The afternoon until 3:30 o'clock. for the for the grand jury received since afternoon. that first actual hour time work Tuesday they had came handed in, their and in instructions on report. They "bill not three made their indictments be and seen that one not confined all of in jail found." It will twelve persons the grand the cases were of the considered by (Continued on Page 6.)

20. March 19, 1903 Bellows Falls Times Bellows Falls, VT
Article from Bellows Falls Times, March 19, 1903

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# Mrs. Hallett Will Recover $25,000. United States Judge Hoyt H. Wheeler has rendered a decision in the case of Mrs. Frances P. Hallett of Dorchester, Mass., against the receiver of the defunct Earmers' National bank of Vergennes. The decision is in favor of Mrs. Hallett, who sued for the recovery of $25,000 paid by her, through Cashier D. Henry Lewis, to the bank.

21. March 21, 1903 Spirit of the Age Woodstock, VT
Article from Spirit of the Age, March 21, 1903

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# RECOVERS $25,000. United States Judge Hoyt H. Wheeler has rendered a decision in the case of Mrs. Frances P. Hallett of Dorchester, Mass., against the receiver of the defunct Farmers' National bank of Vergennes The decision is in favor of Mrs. Hallett, who sued for the recovery of $25,000 paid by her, through Cashier D. Henry Lewis, to the bank.