2687. Citizens Bank (Atlanta, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 14, 1881
Location
Atlanta, Georgia (33.749, -84.388)

Metadata

Model
gpt-5-mini
Short Digest
ead40502

Response Measures

None

Description

Multiple contemporary reports (April 14–16, 1881) state the Citizens' Bank failed or suspended payment, assignees were appointed and creditors sought a receiver; the state and city had large deposits. No newspaper describes a depositor run; instead legal actions, assignees and receivership are emphasized. Reports later discuss missing bonds and indictments against the cashier, consistent with bank-specific adverse information leading to suspension and effective closure.

Events (5)

1. April 14, 1881 Other
Newspaper Excerpt
The Citizens' Bank at Atlanta, Ga., has failed. Liabilities, $200,000; assets, thought sufficient.
Source
newspapers
2. April 15, 1881 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure/suspension tied to alleged misappropriation/missing municipal and state bonds and other insolvency of the bank; later indictment of cashier for embezzlement is reported in follow-ups.
Newspaper Excerpt
ATLANTA, Ga., April 15.-The assignees of the Citizens' Bank will have a statement of liabilities and assets ready to-morrow. ... a bill will be filed ... asking for the appointment of a receiver.
Source
newspapers
3. May 11, 1881 Other
Newspaper Excerpt
The rolling mill at Atlanta, Ga., has been forced to suspend because of the failure of the Citizens' Bank. About $8,000 is due for April wages to 450 operatives, who have attached the mill and machinery.
Source
newspapers
4. June 2, 1881 Other
Newspaper Excerpt
The Citizen's Bank suspension of Atlanta, appears to have been a big steal.
Source
newspapers
5. January 11, 1888 Other
Newspaper Excerpt
Soon after the failure of the Citizens Bank of Atlanta, in April, 1881, the cashier of the defunct bank, W. H. Roberts, was indicted by the grand jury for embezzlement.
Source
newspapers

Newspaper Articles (24)

Article from The Cheyenne Daily Leader, April 14, 1881

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BRIEF TELEGRAMS. New York: 2,432 emigrants arrived at Castle Garden to-day. They are largely French. Atlanta, Ga.: The Citizens' bank has ) failed. Liabilities, $200,000; assets, thought sufficient. Newark: The drying department of the Peters manufacturing company, oil $ cloth works, has burned. Loss, $30,E 000; insured. New York: The Schaeffer-Slosson E billiard match developed some wonderful shots and scores. The score closed: Schaeffer 2,400, Slosson 1,600. Washington: J.H. Paine, of Wisconsin, has been appointed chief clerk of the department of agriculture, to succeed Gen. T. A. Carmen, relieved. : Saybrook, Ill.: Sergt. Bates, who carried the United States flag through the south and Europe, after the war, is dying, leaving a wife and six children in extreme poverty. Glover's Gap, W. Va.: The town is in a panic over a small pox epidemic. The physicians are prostrate, and the governor refuses to bury the dead, saying the county should do so. The trains don't stop. Jersey City: The charter election in this city yesterday was one of the most exciting known for years. The boards of aldermen, of education and fire commissioners, which were republican, are now a tie. £ Providence, R. I.: The house of repr resentatives postponed the prohibitory 1 law bill to next session, by a vote of 1 33 to 21. One member stated that he was offered one hundred dollars to vote against prohibition. Hernando, Miss.: By the storm here 1 two dwellings were wrecked. Dr. S Lauderdale was fatally injured; two women were also fatally hurt, and sev1 eral negroes were killed. The ground was swept clear of herbage. Omaha: At Grand Island this morning, Policeman George W. Hart, without warning, shot a man named Grass three times in the head and chest. Grass may survive. Both men were playing pool and drinking in a saloon. 7 1 Chicago: Ffty-four selections of the Bow Park herd of short-borns, raised B by the farm stock association of Brantt ford, Ontario, and owned by Hon. Geo. L Brown, were sold at auction here to8 day. They brought $27,915; an average of $514 each. S Herando, Miss.: The cyclone killed Elisha Evans, negress, and so stunned y her two children that they have not , spoken since. It killed another negro child and Ben Howell. Many narrow e escapes have been reported. One man e was last seen in the air, and one or two are missing. Men were blown all t over the fields like barrels and nearly beaten to death. a e New York: Five persons suffering r from small pox were removed yesterday and to-day from 69 Carmine street, d where a woman sold cigars for a fortn night knowing that she had the dis. ease. The number to whom this wo-


Article from Sacramento Daily Record-Union, April 14, 1881

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TELEGRAPHIC BREVITIES. At St. Petersburg the city police are to be increased by 750 soldiers. General Kauffman, Governor of Turkestan, has had a stroke of paralysis. The Ohio Republican State Convention will be held at Cleveland June 8th. General Skobeloff officially announces that the Tekke Turcoman war is at an end. A rumor has reached Bombay that Ayoob Khan has fled from Herat to Meshed. One million dollars was withdrawn from the Bank of England yesterday for America. One million three hundred thousand dollars in gold arrived at New York on Tuesday and yesterday from Europe. Two thousand four hundred and thirty two immigrants arrived at Castle Garden, N. Y., yesterday, largely French. The Citizens' Bank at Atlanta, Ga., has failed. Liabilities, $200,000. The assets are thought to be sufficient for full payment. The New York Post says the holders of most of the $195,000,000 in six per cents will ask an extension at three and a half per cent. At Newark, N. J., yesterdav, the drying department of the Peters' Manufacturing Company's oilcloth works was burned; loss, $30,000; insured. The investment of St. Petersburg by a chain of guards has been entirely abandoned, as more irksome to loyal persons than efficacious against the Nihilists. J. H. Paine of Wisconsin has been appointed Chief Clerk of the Department of Agriculture at Washington, to succeed General T. A. Carmen, relieved. Glover's Gap, W. Va., is in a panic over a small-pox epidemic. The physicians are prostrated, and the Governor refuses to bury the dead, saying that the county should do so. Trains do not stop there. It is believed at London that news has been received from the East, justifying the hope of a peaceful settlement. Goschen, Embassador to Turkey, will return to Eugland during the present month. The charter election at Jersey City on Tuesday was one of the most exciting known for years. The Boards of Alderman, of Education and of Fire Commissioners, which were Republican, are now a tie. Sergeant Bates, who carried the United States flag through the South and Europe after the war, is dying at Saybrook, Illinois, leaving a wife and six children in extreme poverty. A Washington special says: It is now apparent that the treasury policy in regard to the six per cent. bonds will be an entire success, and it is probable that the fives will be disposed of in the same way. Gordon, one of the traversers in the Irish state trials, has been arrested at Claremorris under the coercion act, for language uttered at a recent land meeting. He was accompanied to the railway train by a crowd with a brass band.


Article from The Daily Gazette, April 16, 1881

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THE CITIZENS' BANK FAILUREATLANTA, Ga., April -The city to-day brought suit against the City Clerk and his bondsmen for $30,000. The elerk had $35,000 deposited in the Citizens' Bank. A bill will be filed tomorrow enjoining the bank's assigness and asking for a receiver. AttorneyGeneral Anderson will take immediate steps to procure the $103,000 due the State from the bank by issuing a fi. fa. There are two wings of creditors, one in favor of sustaining the assignees and the other in favor of the appointment of a receiver. The condition grows more perpiexing. Th e purpose and the will of Con gress were that the land should build the road, and that the holders of $100,000,000 of the capital stock of the corporation should actually pay $100,000,000 into the treasury of the corporation in order to own the land and the franchises of the corporation given by Congress. Instead of this these holders did not pay a penny for their common shares, but Mr. Windom aided in inducing Congress to permit them to put a mortgage of $80,000,000 on the property and franchises, thanks to which operation Mr. Windom and his associates were enabled to get for nothing the entire capital stock of the railway. What was intended for the benefit of the farmers of the Northwest, therefore, Mr. Windom and a few of his fellow-"operators" simply "grabbed."


Article from Savannah Morning News, April 16, 1881

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ATLANTA, April 15.-The - assignees of the Citizens' Bank will have a statement of the liabilities and assets ready to-morrow. The city to-day brought suit against the City Clerk and his bondsmen for $30,000. The Clerk had $35,000 deposited in the is stated that It Bank. Citizens' a bill will be filed to-morrow, enjoining the assignees, and asking for the appointment of a receiver. Attorney General Anderson will take immediate steps to procure the $103,000 due the State from the bank by issuing fi. fas. There are two wings of the creditors-one in favor of sustaining the assignees and the other in favor of the appointment of a receiver.


Article from Savannah Morning News, April 16, 1881

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# TAPPING THE WIRES. Reports made to the Department of Agriculture state there is an increase of nearly four per cent. in the acreage of winter wheat. Wherever the cendition of the growing crop is referred to, it is given as below the average of last year. Live stock, though poor in flesh, has, as a rule, come out of the winter in fair health. Local disorders of the lungs and stomach are reported, but no widely spread diseases. The doomed Nihilists, save Hessy Helfmann, were hanged yesterday. The appeals for mercy of Roussakoff were unheeded by the Czar. Michaeloff's rope broke twice. There was a large assemblage, but quiet was not disturbed. At a meeting of freight agents of the connections of the Louisville and Nashville Road, it was agreed to re-establish the old rates to Charleston and other southeastern seaports. This will amount to an increase of 40 per cent. Mr. Gladstone has written a letter in which he says the Transvaal question simply meant whether England should enter upon unrighteous blood-guiltiness. The report that small-pox prevails in Chattanooga is flatly denied. W. J. Munden, a Republican member of the Legislature from Pasquotank county, North Carolina, is reported to have eloped with the wife of J. A. Johnson, of Woodville. A large amount of money, supposed to belong to Johnson, is missing. The anti-Jewish petition, it appears, went begging for signatures. The crusade receives no countenance from the Emperor, the Crown Prince, or Prince Bismarck. In the De Jarnette trial at Danville yesterday expert testimony was given as to the accused's insanity. A younger sister of the prisoner testified as to his habitual kindness to herself and her dead sister. The meeting between the witness and the accused was very affecting. General Grant's movements in Mexico are viewed with alarm. Messrs. Palmer & Sullivan have obtained the franchises of the Matamoras and Monterey Railroad. The assignees of the Citizens' Bank promise a statement to-day. Suit has been brought against the sureties of the Clerk of Atlanta to recover the amount of the city's deposit. It is stated that a receiver will be asked for to-day. Attorney General Anderson will take immediate steps to procure the $103,000 due the State. The creditors are divided in sentiment, some favoring the appointment of a receiver and some the continuance of the assignees. A New Orleans special from Little Rock states that a merchant named Goodloe and a telegraph operator named Wallace, went turkey hunting near Newport, Arkansas. Goodloe, who wore a red necktie, was mistaken by his comrade for a turkey in the bushes, who fired upon him and killed him. Dr. Stuart Robinson, the distinguished Louisville divine, yesterday resigned the pastorate of the Second Presbyterian Church in that city. Bradstreet's summary of the cotton crop, new and old, puts the excess of the present season's receipts over last down to the close of March at 522,151 bales. As yet there are few indications of a sudden falling off in receipts. The total yield is put at 6,422,000 bales. It is thought the mills' consumption will be increased, though already enormous. Regarding the coming crop, there will be an increased acreage in the Carolinas, Georgia, Florida and Texas, while in the other cotton States there will likely be little change. There will be a notable increase of fertilizers in the Carolinas and Georgia. Planting is reported fifteen days later, and in some localities operations are a month later than last year.


Article from New-York Tribune, April 16, 1881

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THE CITIZENS' BANK FAILURE. ATLANTA, Ga., April 15.-The assignees of the Citizens' Bank will have a statement of liabilities and assets ready to-morrow. The city to-day brought suit against the City Clerk and his bondsmen for $30,000. The Clerk had $35,000 deposited in the Citizens' Bank. It is stated that a bill will be filed to-morrow enjoining the assignees and asking for the appointment of a receiver. Attorney-General Anderson will take immediate steps to secure the $103,000 due the State from the bank. There are two wings of creditors, one in fav or of sustaining the assignees and the other in favor of the appointment of a receiver. The condition grows more perplexing.


Article from The Daily Dispatch, April 16, 1881

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Atlanta's Suspended Bank. ATLANTA, GA., April 15.-The assignees of the Citizens Bank will have a statement of liabilities and assets ready to-morrow. The city to-day brought suit against the city clerk and his bond-men for $30,000. The clerk had $35,000 deposited in the Citizens Bank. It is stated that a bill will be filed to-morrow enjoining the assignees and asking for the appointment of a receiver. AttorneyGeneral Anderson will take immediate steps to procure $103,000 due the State from the bank by issuing fieri facias. There are two wings of creditors-one in favor of sustaining the assigness and the other in favor of the appointment of a receiver.


Article from The Dallas Daily Herald, April 17, 1881

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The Citizens Bank Troubles. Atlanta, Ga., April 16.--The assignees of the Citizens Bank will have a statement of liabilities and assets ready to-morrow. The city;to-day brought suit against the city clerk and his bondsmen for $30,000. The clerk had $35,000 deposited in the Citizens Bank. It is stated that a bill will be filed to-morrow enjoining the assi (nees and asking for the appointment of a receiver. Attorney General Anderson will take immediate steps to procure $103,000 due the state from the bank, by issuing a facias. There are two wings of creditors, one in favor of sustaining the assignees, and the other in favor of the appointment of a receiver.


Article from The Weekly Floridian, April 19, 1881

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-Judge Walker is holding Court in Quincy. -Bernhardt has had a congestive chill in Philadelphia. -Several political arrests have been made in Marion county. -"Artemus II. Ward" is a noted New York railroad lawyer. -The Citizen's Bank of Atlanta, Ga., has failed for $200,000. -Ben Hill again sat down on the Virginia Senator the other day. -S. J. Burnett has been re-elected mayor of Gainesville for the fourth time. -Subscriptions to the Atlanta, Ga., cotton ex- -The Waycruse the wam of $140.000. is to be formally opened on the first of May. -A large company of "Gipsies," are prowling about Monticello. Look out for them in Leon. -A gang of burglars have been "holding high carnival," as the city newspaper reporters would say, in Pensacola. -Democratic mayors have been elected in Rahway and Brunswick, N. J., and Albany, N. Y. "Straws show," etc. Hurrah for Mahone! -The colored Methodist and Baptist churches in Monticello were recently robbed of curtains, organ covers, water pitchers and other small properties. -The Mayor and Aldermen of Atlanta, Ga., have been indicted by the grand jury for permitting a public nuisance in the shape of stock yards, in that city. -Philadelphia Times: There is much more immediate prospect that the solid North will be broken up by the Mahone business than that the solid South will be. -The Federal Court at Jacksonville meets daily, but there is no business before it. All the criminal cases have been continued because there is no District Attorney. -Professor Wm. II. Orchard, of Columbia, S. C., an uncle of Mr. Keep, of the Quincy Herald, and of Mr. O. H. Keep, and Mrs. J. C. Greeley, of Jacksonville, died at his home a few days since. -The Marianna Courier has passed into the hands of Messrs. B. S. Liddon & Co., Mr. Liddon becoming editor. We welcome him to the profession, and wish the Courier unbounded prosperity. -Cadet Beaumont B. Buck, of West Point Military Academy, has been tried for killing a schoolmate, John G. Thompson, Jr., last summer, while the latter was attempting to "haze" him, and acquitted. -The wind storm of week before last occasioned considerable damage east of here. In Jefferson county the dwelling of Mr. George Raysor was blown down, greatly endangering the lives of the inmates, and outhouses and tences were destroyed. -St. Louis shipped last Saturday 725,000 bushels of grain by a mississippi barge llue, raising the total shipments during the year to an aggregate of 4,000,000 bushels greater than last year, though in a period of free navigation six weeks shorter than last year. -The Monticello and Thomasville people seem to be in earnest about the building of a railroad. If our Rio Carrabeile friends, who procured a charter for a road to Thomasville from the late Legislature, don't look sharp they will have trouble in securing the aid of the Thomasville people. -The crop on a two-acre patch of Irish potatoes in Valdosta, says the Times, was sold a few days ago for $100. They were just up and the frost on them when the trade was made. The purchaser expects to make a handsome profit on his bargain, as did the seller on his labor. We mention this to show the confidence had here in this business. -Judge Bond has adjourned the trial of the South Carolina election cases over to the April term, 1882. He said "it was useless to continue them to the November term. The Legislature met then, and as most of the members of the bar had the happiness to be elected to the Legislature he thought it best to continue the cases until April, 1882." -In Georgia they have a curious fashion of depositing the State's money in different banks, as if it were not secure enough in the Treasury safes. The result is that the State has become a heavy loser in the two recent bank failures at Rome and Atlanta; the Citizen's Bank of Atlanta having had over $100,000 State money on its Looks, but not in its raulls. -The Chief of the Bureau of Statistics reports that the total values of the exports of petroleum and petroleum products from the United States during the month of February, 1881, were $2,524,055, and during February 1880, $2,300,314. For the eight months ended February 28, 1881, $25,363,391, and for the eight months ended February 29, 1880, $28,234,473. -In Jacksonville last week, every business house was closed from 12 P. M. Saturday, till sunrise of Monday, drugstores only excepted, and they not allowed to sell anything but medicines. This is a new thing there and reflects great credit upon Mayor Dzialynski, who seems to be determined that the city ordinances shall be strictly enforced in every particular. -We learn from Judge Rippey, who has just returned from a trip to the Sulphur Springs at Newport, that a colored woman was burned to death last Sunday (the 10th) near that place. She was an invalid, and had been left alone in the house by the family, who, on their return from church, found her lying near the fire with fatal burns on her person. -Dr. A. G. Haygood, of Georgia, while traveling homeward with the recent munificent gift of the New York millionaire, George I. Seney, to the Wesleyan and Emory colleges, was attacked in the depot at Washington City, by three robbers who attempted to capture the funds in his possession, but succeeded only in securing his pocket book with about $125. -The flow of gold to this country continues without abatement. The steamship Republic, which arrived on the 25th of March, brought $1,000,000; the Wyoming, on the 22d, brought another million, and the Bank of England has parted with over $600,000 for shipment to New York. The drain of gold from France has been so serious that the bank has suspended gold payments, and in the Paris market gold is at a premium of one-half of one per cent. -Tax sale advertisements are now the order of the day among our State exchanges. Curios-ity led us to a comparison of a few, resulting as


Article from The Dallas Weekly Herald, April 21, 1881

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The Citizens Bank Troubles. Atlanta, Ga., April 16.--The assignees of the Citizens Bank will have a statement of liabilities and assets ready to-morrow. The city to-day brought suit against the city clerk and his bondsmen for $30,000. The clerk had $85,000 deposited ,in the Citizens Bank. It is stated that a bill will be filed to-morrow enjoining the assisnees and asking for the appointment of a receiver. Attorney General Anderson will take immediate steps to procure $103,000 due the state from the bank, by issuing a facias. There are two wings of creditors, one in favor of sustaining the assignees. and the other in favor of the appointment ofa receiver.


Article from Yorkville Enquirer, April 21, 1881

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MERE-MENTION. The Citizens' Bank of Atlanta, Georgia, suspended payment on Tuesday of last week. Heavy frosts are reported throughout Texas last Friday morning, doing considerable damage to corn, cotton, fruits and The 13th instant was the vegetables. sixty-third anniversary of the adoption of the present United States flag as the national enGarfield has promised to speak at sign. Yorktown. Glove's Gap, a village in Marion county, Weet Va., is desolated with small pox, there being nobody to bury the Near Law. dead or attend the sick. rence, Mass., on the night of the 13th instant, Arthur Foster, a student of divinity, was shot while attempting to rob a dwellSergent Bates, the flag bearer is ing. Both branches reported to be dying. of the Indiana Legislature have voted to submit to the people propositions to amend the constitution so as to enable women to vote, and to prohibit the manufacture and sale of The telephone is intoxicating liquors. to be withdrawn from Charlotte because of A young lady insufficient patronage. died in Rome, Georgia, on Friday, from the effects of a sprig of cedar swallowed a week The latest returns from Chio, before. state that eight thousand persons were killed and ten thousand injured by the recent earthquakes.


Article from River Falls Journal, April 28, 1881

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THE Central Pacific road, with 2,644 miles of rail, reports gross earnings for March of $1,643,000, THE missing skip David Stewart, nine six day out from Rio de Janeiro, has arrived in New York. DURING the past week 11,447 immigrants have reached New York, of which the City of Berlin brought 1,407 MRS. NUTT of Camden, Ark., in an insane fit. threw her five children into a well, where they perished. POSTMASTER TYLER, of Baltimore, is to lose his position on account of his treatment of Miss Murray, who recovered $5,000 damages for his insult. THERE is deep indignation at Atlanta, Ga.. over the collapse of the Citizen's bank. The state has $103,000 on deposit, the city $35,000, and the state railroads $18,000. THE butter-dealers of Washington market. New York, have resolved not to deal in oleomargarine, and the clerk was instructed to suspend any dealer selling the article, THE Texans are wild with enthusiasm over the advent of a party of Chicago capitalists, representing $50,000,000, who have broken ground at Dallas for the Chicago, Texas and Mexican Central railroad. GEN. GRANT and Senor Romero have arrived at the Mexican Capital. Romero is in bad odor with President Gonzales, and the movements of Gen. Grant are viewed with great suspicion by the Mexicans. THOMAS DE JARNETTE who shot his sister on the 8th of August last. was acquitted on the charge of murder at Danville, Va. He was convicted at the first trial. le shot his sister a house of ill-fame, that he might, as he said, save the honor of his family. THE mother of Tom Hughes, now 83 years of age, will soon come over from England with all her household goods. and will spend her last days with the colony planted by her son in Tennessee. COLORRD bishop. Daniel A. Pavie assisted by a negro professor from the West Indies, conducted services in the Main Street Methodist church at Danville V.s., whose congregation 18 the largest and most influential in Virginia. THEinterior department of the Canadian government flooded with applications from European capitalists for large tracts of land in Manitoba and the northern territories. No less than three hundred thousand acres were last week leased grazing purposes. THE street-car conductors and drivers of Cincinnati and Newport are on a strike. and street-car travel in both cities is prac tically suspended. The companies sav they will not yield to the demands of these men. as they can find plenty of men to fill their places. JAMES REYNOLDS, a policeman of Albany, N. and his two brothers were set upon by a crowd of roughs at Albany, N. Y. They defended themselves bravely and in the melee Michael Quinn, a thug, wassbot dead, and John Mackey and one Stapleton were fatally wounded. John Reynolds was dangerously wounded by a pistol-ball. THE exodus committee in Kansas has distributed over one hundred thousand negroes and turned ten thousand into other states. Southern commercial centers tender unlimited means to check the movement westward, but the colored people can not be retained. WITHIN two hours after eating freely of pork which had been lightly cooked. Frank Knize. of Allegheny City, grew violently ill, and a physiciun found seventeen wigglers in a piece of his flesh. He is improving rapidly, under medical treatment. IN the election of sachems for the ensuing year, in the New York Tamanv Society, John Kelly's candidates received majorities of from 40 to 60. This will enable the "Boss to maintain his ascend ancy in Tamany Hall for this year at least. THE state census of Mississippi, which was taken simultaneously with the Federal census, shows nearly the same population. The total number of voters in the state is 240,720, divided as follows 'Whites, 110,113; colored, 130.607 A NEW horse disease has broken out. It is a disease of the fetlock, and poisons the blood. When the disease spreads to the body of the animal there is danger of a fatal result. Owners of horses will do well to have their animals under watchful care. BEFORE signing the death warrant of Stearns Abbott, for slaughtering Mrs. Crue, Governor Long, of Massachusetts, spent three hours in the cell of the accused, endeavoring to reach the truth about the crime. Now, while the scaffold is being erected at East Cambridge, the noise of the saws and hammers is di owned by the scolding of Wendell Phillip who greatly fears that the commonwealth is about to commit murder. GEORGE M. PULLMAN took out from Chicago to the magic city which bears his name two car-loads of influential citizens. to witness the starting of the Corliss engine, of twenty-five hundred horse-power, which came from the centennial exposition and is now doing service in his mammoth car works. Visitors to the centennial will remember this huge piece of ma chinery that furnished the motive power in the machinery department. GEN. JOSEPH LANE died at his residence at Roseburg, Oregon, on the 20th inst., at the age of 79. He was born in North Carolina on December 14. 1801, removed to Indiana W. de yet a boy, commanded a regiment as colonel in the Mexican war. and was promoted to a brigadier and hrevet major general for gallantry at Buena Vista, was twice governor of Oregon territory, and United States senator in 1859 and 1861. He was a candidate for vice president on the Breckenridge ticket in 1860. Tue annual report of the Chicago, Milwaukee and St Paul railroad has been 18 sued. Total income for 1880, $13,086,118.Net 61: gross expenses, 7.742.425,98. earnings, $5,343,692 93: increased earnings over 1879, $3,078,298 80: increased expenses over 1879, $2 268,630.72; net increased earnings, 8804 668,11: total value of property, 897 980,744; balance of income account Dec. 31, 1880, 4,343,283.16 amount of common stock, $1,554,261 amount of preferred stock. 81.204.483 mortgage bonds, including $3,000,000 of pre-existing mortgage debt on purchased


Article from The Cheyenne Daily Leader, April 29, 1881

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: PERSONAL POINTS. Marshal Carr has returned to the city. Hon. A. R. Converse returned home I yesterday. Mr. L. Cass Davis returned from ) Denver yesterday. Rev. Father Hayes returned yesterday from the east. Ex-Vice President Wheeler has not decided to go to Europe in June. Evangelist Moody has gone to his Northfield, Mass., home for a little rest. M. Pierre Vernon speaks of America as "the vulture that lays the golden egg." Mr. E. S. Crocker has been nominated for receiver of the land office at Evanston. Senator Brown is president of the Citizens' bank of Atlanta, which has just failed. Mr. John S. Collins, of the big firm of G. H. & J. S. Collins, has gone on an extended European tour.. John W. Mackey, the bonanza king, denies the many stories circulating about his costly purchases in Europe. The Denver Republican says it is rumored that Col. C. W. Fisher, superintendent of the South Park road, will shortly resign. Secretary Blaine has rented half of Senator Don Cameron's pew in the crowded New York Avenue Presbyterian church, in Washington. M. Leon Chotteau has formed a company in Paris for the importation of American live stock, the company's capital being 20,000,000 francs. At the Inter Ocean: S. Doty, Chug; J. G. Pratt, Muddy; W. Philps, N. Y.; J. S. Peck, Milwaukee; J. E. Woods, Chicago; Miss Kilgore, east; A. McHose, St. Louis; M. C. Brown, Laramie; J. R. Nosman, Ogden.


Article from Sacramento Daily Record-Union, May 11, 1881

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CONDENSED TELEGRAMS. The Mississippi Democratic State Convention is called for August 3d. A dispatch from London states that the disabled troop ship Malabar has arrived at Portsmouth. The Census Officer at Washington states that the people pay annually $26,250,200 for their daily newspapers, Baroness Burdette Coutts offers £50 reward for the recovery of & sapphire and diamond brooch lost at the Queen's Thursday drawing-room. At the locomotive works at Providence, R. I., Monday evening, John Donovan, aged 20, was stabbed with a file by Frederick K. Glover, and died almost immediately. At Atlanta, Ga., the rolling mill has been forced to suspend because of the failure of the Citizens' Bank. About $8,000 i3 due for April wages to the operatives, who have attached the mill and machinery. Percival Lowell, General Freight and Ticket Agent and Assistant General Manager of the Burlington and Missouri Railway, has been appointed General Passenger and Ticket Agent of the Chicago, Burlington and Quincy Railroad. Delegates to the Monetary Conference at Paris were yesterday received by President Grevy, who expressed the hope that they would reach a satisfactory settlement. Mag. nin, in reply, dwelt upon the perfect cordiality existing between the representatives of the different States. A London dispatch says: Considerable excitement has been caused by the action of Cardinal Manning in forbidding the use of any halls of Catholic clubs or assembly rooms of Total Abstinence Societies and Leagues of the Cross for meetings of branches of the Land League. At Mobile, Ala., in the case of the publication in the News of a libel copied from another journal, the editor of the News was sentenced to a fine of $5 and one hour's imprisonment. Dr. Crampton, the instigator of the libel, was settenced to $100 fine and one hour's imprisonment.


Article from Gold Hill Daily News, May 12, 1881

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Miscellaneous. WASHINGTON, May 12.-The President has nominated Thomas A. McMorris, of Coloroda, a Commissioner to accept and ratify the agreement submitted by the Ute Indians, of Colorado. NEW YORK, May 12.-Judge Spire, of the Superior Court here, in the suit of Bell against Donohue, to enjoin the latter from prosecuting a foreclosure suit in California against the Mariposa Land and Mining Company, has decided to make the injunction permanent, and Donahue is cited to show cause, on the 14th instant, for contempt of court. A Tribune Washington special on Gar. field and Conkling says that when the fight is over, as it will be by the end of the week, people will wonder that so small a faction was able to make such a noise and kick up such a fuss. Receipts of the musical festival, $80,000; expenses, $75,000. CHICAGO, May 12. - The Journal's Washington special says: Senator Burnside will report back the interoceanic canal resolution with a written report affirming the necessity of applying the Monroe doctrine to this and similar on. terprises. ATLANTA, May 11.-The rolling mill here has been forced to suspend because of the failure of the Citizens' Bank. About $8000 is due for April wages to 450 operatives, who have attached the mill and machinery. LOWELL, Mass., May 12.-The partially decayed body of a woman was found in a dust and ash heap of two years' standing. No clue, but crime is suspected.


Article from The Cheyenne Daily Leader, May 12, 1881

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THE rolling mill at Atlanta, Ga., has been forced to suspend because of the failure of the Citizens' bank. About $8,000 is due for April wages to 450 operatives, who have attached all the material and machinery.


Article from The New North-West, May 13, 1881

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Telegrams in Brief. The Missouri Penftentiary at Jefferson City had a fire on Monday. Mrs. Garfield is seriously ill. Schroeder & Co., London, have failed. Liabilities estimated at $500,000. The Rocky Mountain Brewery, Denver, burned Tuesday; loss, $100,000. The thermometer stood at 80° in New York at 3:30 Tuesday afternoon. One sun stroke. The Citizens' Bank at Atlanta, Ga., has failed and the rolling mill company suspended in consequence, leaving 450operators with $8,000 due them. Thomas A. McMorris, of Colorado, is appointed commissioner to accept and ratify the agreement submitted by the Ute Indians of Colorado. The southern terminus of the Fort Worth and Denver railroad is secured for the former city. The Supreme Court of Colorado has overruled the motions to quash the indictmeut against Berry, Meachem and Cline as accessories ir he Jackson murder.


Article from Mower County Transcript, May 18, 1881

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Bankruptcy. S. J. B. Lincoln, a canned goods broker, Boston, has failed, with liabilities amounting to $750,000. W. J. Roseby, iron master and coal merchant, Lincoln, England, has failed, with liabilities estimated at £100,000. Arbinth & Co., insurance oil and seed brokers, and Theodore & Rawlins, tea merchants, of London, Eng., have suspended. B. H. Schroeder & Co., an Amsterdam firm, failed on the 9th inst., and on the following day the London house of A. and B. Schroeder succumbed in sympathy. The liabilities of the former house are estimated at £100,000 and of the London concern £500,000. The rolling-mill at Atlanta, Ga., has been forced to suspend by the failure of the Citizens' bank. Its operatives, four hundred and fifty in number, have attached all the material and macLinery to pay their wages for April.


Article from Watertown Republican, May 18, 1881

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Bankruptcy. S. J. B. Lincoln, a canned goods broker, Bogton, has failed, with liabilities amounting to $750,000. W. J. Roseby, iron master and coal merchant, Lincoln, England, has failed, with liabilities estimated at £100,000. Arbinth & Co., insurance oil and seed brokers, and Theodore & Rawlins, tea merchants, of London, Eng., have suspended. B. H. Schroeder & Co., an Amsterdam firm, failed on the 9th inst., and on the following day the London house of A. and B. Schroeder succumbed in sympathy. The liabilities of the former house are estimated at £100,000 and of the London concern £500.000. The rolling-mill at Atlanta. Ga., has been forced to suspend by the failure of the Citizens' bank. Its operatives, four hundred and fifty in number, have attached all the material and machinery to pay their wages for April.


Article from Wood County Reporter, May 19, 1881

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ed a resolution looking to the transfer of the dust of William Penn from an English churchyard to Philadelphia. THE legislature of Michigan has passed the amendment to the new liquor-tax_bil which provides for a $300 tax on spirit retailers and $200 on beer sellers. A PARTY of Tennesseeans are about to start for Montana with three hundred head of fine breeding cattle, The trip will consume three weeks, and the cost of transportation will be $4,000. THERE is good authority for the statement that the Northern Pacific Company and Henry Villard will compromise on the basis of the retirement of President Billings and the surrender of half the directorships. THE officers of the Chicago and Alton road have secured a term of four years in the penitentiary for R. C, Crawford, a confidence operator, who swindled Edward Tucker of Springfield, out of $400 on an Alton train. CORNELIUS J. VANDERBILT was brought into court at Brooklyn to answer to a suit for $310 due on a diamond stud purchased in 1870. His counsel stated that he had paid $160,000 of old debts since he came into possession of means. COL. THOMAS A. SCOTT, of Philadelphia, who last week was stricken by paralysis for the third time, and whose death was momentarily expected, has risen from his bed, and his physicians have hopes that he may recover. ON Sunday the pope appointed the Very Rev. John MeMullen, vicar general of the archdiccese of Chicago, to be bishop of the new diocese of Davenport, and the Very Rev. Killian C. Flash, of Milwaukee, to be bishop of the diocese of La Crosse, Wis. THE rolling mill at Atlanta, Ga., has been forced to suspend by the failure of the Citizens' bank. Its operatives, four hundred and fifty in number, have attached all the material and machinery to pay their wages for April. THE resolution of the Illinois senate to adjourn sine die on May 27, was amended by the house by an extension for three days. It is safe to assume that there will be no quorum for the three days in dispute, but members will draw $15 additional by the change. THE quartermaster at Yankton has issued 37.400 rations to sufferers by the flood. Captain Clagne, who was sent by General Terry on a tour of investigation, reports that the officers at Fort Randall saved seven hundred persons from possible starvation. ELIAS H. ALLEN, a negro citizen of Meadville, Pa., has secured a mandamus against the school directors directing them to admit his minor children to the public schools of that city. Aseparate institution has heretofore been maintained for colored pupils. THE STATUE of Stonewall Jackson in Metairie cemetery, New Orleans, was unveiled in presence of several thousand persons, among whom were the widow and daughter of the illustrious soldier. General Fitzhugh Lee delivered the address, and Jefferson Davis responded to calls by a brief speech. STRIKES have become SO popular in Canada that the Caughnawega Indians have taken a hand. For piloting rafts of timber down the Lachine rapids, they demand an increase to $2.50 per day, with the condition that no white man be employed. The reds assaulted a timber agent for hiring some French Canadians. THE son of a Broadway stage-driver found in a dilapidated trunk which he had purchased a cluster diamond brooch lost by Mrs. William H. Vanderbilt at Saratoga, and valued at $2,000. The youngster in returning the prize, said he did not ask a reward, but hoped the affair might aid his father in securing an easier job.


Article from The Superior Times, May 21, 1881

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Bankruptcy. W. J. Roseby, iron master and coal merchant, Lincoln, England, has failed, with liabilities estimated at £100,000. Arbinth & Co., insurance oil and seed brokers, and Theodore & Rawlins, tea merchants, of London, Eng., have suspended. B. H. Schroeder & Co., an Amsterdam firm, failed on the 9th inst., and on the following day the London house of A. and B. Schroeder succumbed in sympathy. The liabilities of the former house are estimated at £100,000 and of the London concern £500,000. The rolling-mill at Atlanta, Ga., has been forced to suspend by the failure of the Citizens' bank. Its operatives, four hundred and fifty in number, have attached all the material and machinery to pay their wages for April. A Cincinnati carriage manufacturer, G. T. Simmons, made an assignment on the 7th inst., with liabilities estimated at $43,000.


Article from Savannah Morning News, May 28, 1881

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ers who happen to be unlucky enough to pass while the roads are being worked has this week received a checkmate in our County Court. Some months ago a colored lad passed through town while the streets were being worked and was taken down, ducket and his eyes sanded. As soon as he got up and cleared the sand out of his eyes sufficiently, he whipped out his pis- tol and fired at the parties who had served him the scurvy trick. The last grand jury fourd bills against both parties. The ducking par- ties were tried Monday in the County Court, the case being submitted to a jury. They were found guilty and will have a fine to pay or serve in the chair-zang. The shoot st plead guilty and was fined ten dollars." Perry Home Journal: "Mr. James Barker, of near York in this county, was in town yes- terday, and gave us an account of a terrible battle he had with bees at his house the day before. A little boy beset on fun pushed over a beehive and stirred up the bees with a stick. They soon became exasperated, and covered all the children and every living thing in the yard. He got the children in the house, and fastened the doors, and Mr. and Mrs. B., in defending them, were also severely stung. The children were literally covered with stings After Mr. B. had puta sheet over his head and set up the hive, the bees returned to it, and he picked up ten chickens in the yard that had been killed by the bees. A good-sized puppy was also killed by them and two shoats stung nearly to death. He says it was worse than a house on fire for some minutes." # ATLANTA CORRESPONDENCE OF THE MACON TELEGRAPH AND MESSENGER "The first bonds depos- ited by the Citizens' Bank, as security to the State for its deposits, consisted of $40,000 of State 4 per cents. and $10,000 of Macon and Brunswick Railroad boncs. On the 19th of March, 1880, by order of the Governor, these bonds were surrendered to the bank, in lieu of $5,000 of Atlanta 6 per cent. bonds, and on the 19th of March last. in accordance with another order from the Governor, the Atlanta bonds were also delivered to W. H. Patterson, cashier of the Citizens' Bank, that bank having then given personal security in lieu of the bonds. The city bonds thus given up were entered on the ledgers of the bank and counted among its assets, but the receivers and the creditors' committee have been unable to find the bonds themselves. The report of the receivers charges the bank with $94,500 of these city bonds, and $43,000 are accounted for-that being the amount held by the American Ex- change Bank of New York. The question is. what has become of the other $51,500 of bonds? Did the receivers make a mistake in charging the bank with $94,500? If the amount surren- dered by the state and the amount surrender- ed by the New York bank were the same, the presumption of a mistake would be a reasona- ble one. But there is a difference of $8,500, and no one yet heard from has accounted for it. Comptroller General Wright disclaims that he was ever the legal custodian of the bonds, or had any control over them whatever. He says that the Governor is the legal custodian, and that the deposit was made in the Comp- troller's vauit merely as a place of safety. He could not make any substitution or surrender without the Governor's order."


Article from The Marietta Journal, June 2, 1881

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The Citizen's Bank suspension of Atlanta, appears to have been a big steal.


Article from The Morning News, January 11, 1888

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The return of city property at Sanders ville for the year 1887 aggregates $414,120. The stewards of the Methodist church of Elberton have fixed the salary of the pastor at $1,200. At Americus, Drs. S B. Hawkins and C A. Brooks have formed a partnership in the practice of medicine, At Americus J.J. Smith dealer in fancy groceries, assigned Monday to J. W. Wheat ly, for the benefit of creditors Work on the new jail at Darien is being pushed right ahead, and it will not be long before it will be ready for the reception of guests. On Feb. 7 Dodge county will say by her vote whether whisky shall come back or not She has been dry for the past two years. a The Hebrews of Atlanta will give charity ball Jan. IS in aid of the Orphans Home, the corner-stone of which is to be laid on the day of the ball The Presbyterian congregation of Au gusta denies that it reduced the salary of its pastor only to get rid of him. Retrench ment is declared a necessity. Darien Gazette: Charlie Collins is still in the penitentiary serving out a life sentence, although he should be free man. Collins will get justice after awhile. The company that is proposing to organize and start a cottón seed oil mill, guano factory and compress in Covington will employ about seventy-fi hands Rumor has it that the Chattahoochee Brick Manufacturing Co. have purchased land in the vicinity of Cedartown, and will establish a branch of their business upon A conditional contract has been made be tween the School Commissioners of Cedar town and the Clay Brothers for the erection of the school building. It is to be built of brick for $5,500. A dividend of $7 per share from the earn ings of the Sandersville and Tennille Rail road Company has been declared by the directors, payable at the office of the Treas urv on and after Jan. 10. J. Regand, a Frenchman, many years a resident of Albany is mak ng arrangements for the location of a moulding manufactory there. He intends manufacturing all kinds of room and picture moulding. Bartow's municipal election resulted as follows: For Mayor, John A. McMillan For Aldermen, J. M. Brown, W I. Evans, J. H. Rhodes, N T. Herman, W. H. H. Stewart. There was no opposition. A petition for an election under the local option law was circulated in Baldwin countylast week. There are over 200 signatures to the petition (all white men and it will be presented to the Ordinary at an early day Monday, Sumter Superior Court granted a divorce to George Harris and wife. They are among the oldest residents in the county, were married in 1844. and have raised large family of children, all of whom are married. Mr. Taylor, while on his way home Saturday night. when about six miles from Rome, was fired at by two persons from the woods. One ball passed through his cravat. but hewas uninjured. Noclew to the would be assassins. W.A. Munders, a prominent citizen of Jug Tavern, was severely bitten by a mad dog Monday while on his way out of town. Mr. Munder's wound is very painful and dangerous, and great fear is apprehended as to his recovery. At Darien a committee has been appointed by Live Oak Lodge to consider the advisability of getting up, at an early day, big Masonic fair in Darien The proceeds of a the fair will go toward the erection of $7,000 Masonic hall on Broad street. The Putnam Enterprise is the name of a new weekly paper started at Eatonton by a company Capt. J. B. Res will edit and manage the paper, Capt. Reese is old newspaper man and will doubtless make a success of this new enterprise The first Issue will appear Tuesday week. Milledgeville Union and Recorder: Mr. Henry Adler was observed the of ther day coming from the post office with an open letter in one hand and small piece of card with a 2c. stamp attached to it in the other. Seeing that he was much amused at something. the curiosity of the scribe brought from his smiling friend the state ment that the 2c postage stamp was his lawful share of the proceeds of the foreclosure of mortgage, which had just been to him by mail At the home of J.A. Walton, three miles from Byron Monday, while Jim Walton, Charlie Hardison and Charlie Walton were fooling with toy pistol, it was accidentaily discharged, the ball passing through the hand of Charlie Hardison and entering the abdomen of Charlie Walton Dr. C. A. Warren, who was called in, pronounces the wound painful. but not necessarily danger ous: He was not able to find the ball, but thinks it rangeddownwardand did notenter the cavity of the stomach. The pistol was a22-calibre. At Albany Saturday afternoon J A Stokes, a colored employe upon one of the railroads, entered a negro bar upon Broad street, and after purchasing some whisky disputed over the change with the mulatto barkeeper, R. L. Weeks, whereupon the latter picked up a beer glass and threw it with full force at his customer. It struck him directly in the temple, felling him like anox. He lay prostrate for some minutes until some of the bystanders assisted him up, when he tottered out the back way in dazed condition and the police made their appearance. At Atlanta W M. Ellison has brought suit against the Georgia railroad and the Central Railroad and Banking Company of Georgia, as the lessees of the Georgia rail road, for $25,000 damages. The petitioner claims that on Sept. 21, 1887 17 his son, Morgan Ellison, a minor years of age, was in the employ of the Georgia railroad as a brakeman, or train band, and that while performing his duties as train hand, he s knocked from the top of car. upon which he was riding. by the Bell street bridge, Atlanta, receiving injuries from which he died. Soon after the failure of the Citizens Bank of Atlanta, in April, 1881, the cashier of the defunct bank, W. H. Roberts, was indicted by the grand jury for embezzle ment. There were four cases against the accused, but they were never tried. Recently the grand jury made a searching scrutiny into the charges and submitted to the court a recommendation that the cases be nolle prossed. Solicitor General Hill Monday brought the cases to the attention of Judge Richard H. Clark, who ordered a nolle prosequi in all the cases, and they were stricken from the docket. At Albany, during the progress of the leap year german two countrymen from Colquitt county, hearing the sweet strains of music from the Italian band strolled up