3775. Cook County National Bank (Chicago, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1845
Charter Number
1845
Start Date
September 26, 1873
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
196044496169428a

Response Measures

None

Receivership Details

Depositor recovery rate
14.9%
Date receivership started
1875-02-01
Date receivership terminated
1883-11-20
OCC cause of failure
Losses
Share of assets assessed as good
30.7%
Share of assets assessed as doubtful
61.8%
Share of assets assessed as worthless
7.5%

Description

The articles describe two distinct episodes for the Cook County National Bank. In the panic of Sept. 1873 the bank suspended on Sept. 26 and then resumed business Sept. 29 (a temporary suspension with resumption). Later, in January 1875 the bank again suspended and the stockholders voted voluntary liquidation (notice dated Jan 19, 1875); a receiver (A. H. Burley / Alex H. Burley) was appointed shortly thereafter (reports Feb. 4, 1875). Because the final outcome is permanent closure with voluntary liquidation and a receiver, the overall episode classification is suspension_closure. Dates were taken from the newspaper dispatches; OCR variants (e.g., “Cooke County” in one clipping) were normalized to Cook County National Bank.

Events (6)

1. July 8, 1871 Chartered
Source
historical_nic
2. September 26, 1873 Suspension
Cause
Macro News
Cause Details
Suspension occurred during the widespread 1873 financial panic when multiple Chicago national banks did not make clearings and several banks suspended payment; systemic shortage of currency and panic conditions prompted suspension.
Newspaper Excerpt
The Cook County City National Bank ... closed their doors.
Source
newspapers
3. September 29, 1873 Reopening
Newspaper Excerpt
The Union National and Cook County National Banks will ... and resume payment. The Union National and Cook County National Banks will certainly ... open their doors this morning and resume payment.
Source
newspapers
4. January 19, 1875 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders voted to go into voluntary liquidation after promised/expected aid was refused and because of continued unsoundness and illiquid/unnegotiable assets following post-panic troubles.
Newspaper Excerpt
this bank has been compelled to temporarily close its business. ... the shareholders of this bank have decided to go into voluntary liquidation, as provided in such cases by the National Currency act.
Source
newspapers
5. February 1, 1875 Receivership
Source
historical_nic
6. February 4, 1875 Receivership
Newspaper Excerpt
The Comptroller of the Currency has appointed Alex. H. Burley as receiver of the Cook County National Bank, Chicago.
Source
newspapers

Newspaper Articles (24)

Article from The Wheeling Daily Intelligencer, September 27, 1873

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EXCITEMENT IN THE GRAIN TRADE. CHICAGO, Sept. 26.-It is just announced that the Union National, Second National and Manufacturers' National Banks have suspended. A notice on the door of the former says that the bank has abundant securities, but is compelled to suspend payment, on account of lack of currency, until they are able to realize. Nothing has been lost by failures, and their depositors will be made secure. CHICAGO, Sept. 26.-The Cook County City National Bank and the National Bank of Commerce have followed the example of the Union National Bank, and closed their doors. There was a run for an hour on the Commercial Exchange Bank, but as everything was paid, the run soon stopped. Some who drew have redeposited. This bank is considered very strong. The other National banks are paying regularly. There is considerable excitement among the business men, and the grain trade shows the effect. Mr. Coolbaugh, the President of the Union National Bank, is severely censured by the other bankers, and the whole community think the course proposed by him wholly unnecessary. It is suggested that there must be something rotten in his bank, though it has been regarded very strong.


Article from The Rock Island Daily Argus, September 27, 1873

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The Manufacturers' National The Cook County National. The Second National The National Bank of Commerce. at is name The of The reported, announcement first failure the of the the not Stock suspension being Exchange given several a temporary reasdepression, Chicago but banks Press created dispatches, suring in tone. soon resorted confidence. Over twelve million dollars worth of bonds having been purchased by the treasury department since the commencement of the panic, the annual saving of interest to the government will be about $750,000 in gold. CHICAGO,S Sept. 26. -There is a great exeitement here regarding the erisis at the Clearing House. The Union National the Cook County, the Second Third and Fourth and the Manufacturers, did not a make their clearings. There has been heavy run on the Corn Exchange Nation al. National bank examiner. Spink, pronounces all our banks in a solvent condition. CHICAGO Sept. 26. -Midnight The ex press companies report the receipt of one million in currency within the past 24 hours. It is useless to disgutise the fact that Chicago pride has been greatly hurt by the bank suspensions to-day. The Clearing House Associatoin is now discussing the New York loan certificate plan. so successfully adopted in Cincinnati. Indian apolis and elsewhere. Mr. B. F. Allen says if this can be done the banks will at once resume. MILWAUKEE. Sept. 26 Our banks are now in as good condition as before the panic. A quarter of a million of currency has within a few days been received from the east. e DUBUQUE, Sept. 26. -The Merchants a this A. M. No one en a National tertains suspended doubt of its speedy resumption. le The First paid only small checks, while the Commercial transacted business as th usual. ST. LOUIS, Sept. 6.-The general mar en ket is very much depressed. There is no disposition to bu7 or sell not enough doing to make the quotation of any article. CINCINNATI. Sept. -The second day under the new bank arrangements has passed satisfactorily At a meeting of the clearing house association, held this A. M. after banking hours, the general opinion appeared to be that matters were working favorably. The association resolved that of the currency deposited hereafter may be drawn upon at the depositor IC. future a new it to the old ones. et from quar This and rule will from makes invite that for currency applying the the will of deposits many the ters where it is now lying unused. ty. INDIANAPOLIS Sept. 26.-Uuder the of rule adopted by the clearing house last the night.nearly all the banks report that their endeposits have been larger to-day than the in of amounts drawn out. The Savings Bank ers have met all demands on them promptly ble and like the other banks, their deposit have been in excess of the amount calle rolfor ug TOLEDO, Sept. 26, The failure of th ock banking house of Krouse & Smith is an ohn nounced this morning, an assignment hay ing been made after bank hoursyesterday It is understood that the causes of thi failure are traceable to embarrassment arising several years ago, the most prom nent among which were realized to a larg qual real estate operator. The bank had on ord, posit $80,000 of county and city funds. l be $28,000 of Toledo school funds. Th Rock of amount of liabilities and assets cannot be stated. There is no excitement. t. BUFFALO, Sept. 26.-Everything in t) financial and commercial circles wears cheerful aspect here to-day. NEW YORK, Sept. 6.-The scene Wall street was much less excited to-da The crowd of brokers who have hither blocked up Broad street, in front of t was much to the acti captain of the Second Pr Stock of the the morning, Exchange, police owing energetic less than men to groups to wi were einct, sidewalk who which traffic. directed threatened The his brokers interfere disperse by means but no IIL be better driven there. into The the police road, ordered tr they far to driven through the crowd, and co pelled the brokers to scatter in all dire tions, Driven from Broad street Iowa most inveterate E and held carnival the the stone change brokers Court, adjourned speculators high to the and Gold some eur S with half E for geant drovethem about of Police, fifteen minutes, when a dozen the m refu Broad street with hac The and the police crowd filled helter-skelter from their was broken and, Sept. 26.-The circles is feeling NEW in YORK, financial up. decidedly gene Drain proved. The day's record closes with so w3m confidence. The belief is that the bott of the panic has been reached in this C1 and there is a fair prospect that when stock exchange opens there will be but er, tle left to arrange in the way of set ments between brokers, so that there be no new failures to announce. The ba RN. are ready to pay to and business have issued a rolls,salaries, Howes & Macey family currency meet expens circu to their depositors, saying: Up. pose as in on receiving to continue special deposits business trust We usual and. accounts pledging ourselves to


Article from The Rutland Daily Globe, September 27, 1873

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List of the Failed Banks. CHICAGO, Sept. 26. The following is it correct list of banks which have suspended in this city: Union National Bank, Cooke County National Bank, Second National Bank. Manufacturers' National Bank. and National Bank of Commerce.


Article from The Rock Island Daily Argus, September 29, 1873

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A Better Look There seems to be a more hopeful financial feeling in New York and Chicago. The Union National and the Cook County National resumed this morning. The Union National is the bank with which the First National in this city does business and of course that releases their balances SO they can be used. Mitchell & Lynde do business with the First National, in Chicago, and that bank did not suspend at all. The Third National, in Chicago, has suspended. That is the bank with which the Rock Island National does business-but it is believed to be a perfectly sound institution, and the suspension is thought to be merely temporary. The question is being raised as to the effect of these suspensions. It is held by some that it vitiates their organization and will compel them to wind up, if prosecuted. But we presume no one will be technical if they resume very soon. The Moline National (Wheelock's bank) has got the "age" of all of them in this county, for that institution never suspended at all.


Article from The New York Herald, September 29, 1873

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nounce that they will resume business in the morning, opening as unual at ten o'clock. The following gentlemen, resident directors, have signed a card pledging themselves for the payment of deposits now on hand or that may be made hereafter:-John V. Farweli, W. F. Coolbaugh, David Thompson, C. T. Wheeler, Asa P. Kelly, James Woodle, Albert. A. Munger, C. Briggs and AVE Dow. The card of the officers is strong in defen 8 of the course of the bank in suspending, but ackne gyledges they deem it necessary to bow to public sentiment. They say they exhausted every m eans in their power to secure united action an long the bankers before suspending. They yet believe it impossible to permanently me intain any different positions from that cepted by more than 2,000 national banks of the United States, and hope that this unity of action may be secured. Believing it to be a solemn duty in this emergency to share the common lot of their stomers and to act with them in sustaining, by all legitimate means in their power, the commercial inte rests of the country, they have determined to open their doors at once for the resumption of business. The Cook County National Bank resumes in the morning. The papers speak in hopeful terms of the situation, and mention an influx of currency to Chicago the for the purchase of grain. They eay true source of relief is the prod.u that or the country. The Tribune says banks remain closed with large amounts of currency in their vaults are the worst enemies to business in times like these, and call on the Comptroller of the Currency to take steps to compel them to settie their affairs under the National Bank act. The Inter-Oceanic will in the morning urge the Prestdent to call a special session of Congress to amend the Bankrupt act. The Financial Situation in Indiana. JEPPERSONVILLE, Sept. 28, 1873. Quite a run was made yesterday ou "the First National Bank, but all the checks were paid, and the bank closed at the usual hour. At the Citizens' National Bank considerable excitement existed among the many that crowded around the doors, but no run occurred. The Ohio Falls Car and Locomotive Company. employing 700 men, has stopped work in all the shops except the foundry, throwing about 400 men out of employment. The Southwestern Car Company have also reduced their force. The stoppage of these business interests is due to their inability to obtain currency to pay off their men. The shipyards of Dawes, Howard & Co., employing a heavy force of men. succeeded in securing a limited amount of currency, and paid two-thirds of their wages. A reduction of the force has been made, but the boats now on the stocks will be finished, notwithstanding the scarcity of currency. At Barmore's shipyard no reduction of the force has been made. The First National Bank of Memphis. MEMPHIS, Sept. 28, 1873. The report of the committee to examine the condition of the First National Bank makes a much better exhibit than was expected, and steps have been taken looking to the immediate resumption. According to the reports its demand liabilities are $374,000 against unquestioned and available assets of $555,000. The doubtful and unavailable assets are $101,000, making the total assets of $656,000. Alter paying all the liabilities the stockholders can realize par on their shares. On reading the report of the committee $200,000 were subscribed towards enabling the bank to resume. A Better Feeling in Charleston, S. C. CHARLESTON, S. C., Sept. 1873. A better feeling prevailed at the close of business on Saturday, the national banks having received a larger amount of greenbacks on deposit than they paid out in checks. No suspensions have occurred beyond those announced on Friday. Suggestions from the Philadelphia Mint. PHILADELPHIA, Sept. 28, 1873. In view of the present condition of financial exchange, the Superintendent of the Mint recommends that parties ordering coins of a minor denomination remit in currency or Post Office orders for the same. Action of Bank Officials at Harrisburg. HARRISBURG, Pa., Sept. 28, 1873. Representatives of all the banks and savings institutions of this city met to-night and unanimously agreed to suspend the payment of currency. Financial Matters in Indianapolis. INDIANAPOLIS, Ind., Sept. 28, 1873. Financial matters remain quiet. No further run on the banks is expected. Suspensions in Canton, 111. CANTON, Sept. 28, 1873. The National People's Bank and Home Bank, of this city, have suspended payment until the financial crisis is over. The reason given is the recent action of the banks in Chicago, Cincinnati and elsewhere.


Article from Chicago Daily Tribune, September 29, 1873

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DAYLIGHT IN THE WEST. The Union National and Cook County National Banks will cortainly, and the National Bank of Commerco probably, open their doors this morning and resume payment. This is a bravo and honorable act, worthy of all commendation. There is not, and has not been at any time, a doubt that these banks are perfectly solvent. Thoir books show abundant assets in excess of their capital, surplus, and liabilities. It is probable that they have more than 30 per cont of their liabilities in cash in their vaults,-aroserve ample to meet all domands for currency in ordinary times. This reserve will increaso every day, instead of diminishing, if their customors pursue their ordinary practico of drawing money only as they actually need it, and depositing it as it comes back to thom; for the struggle of the bankers at the present time is really to carry along the mercantile community. The increase in currency will be still further augmented by the large daily reseipts from the Enet. Currenoy is now coming into Chicago at the rate of $2,000,000 a day. It is safe to say that thore has been no time within the past year when there was BO much currency in Chicago as now. Aud still more must como. The people of the world need our breadstuffs, which are ready for them whonover they send their money. They will sond greenbacks, or gold, or procious stones, or anything elso which is necessary to secure thom. This monoy should pass through the banks. It will be used to pay off the Enstern exchange issued on advance shipments and the individual notes made for the same purpose. Every bank in Chicago will grow strouger in currency from day to day if the business is permitted to rosume its normal condition. These considerations, which cannot but commond themselves to the judgment of intelligent men, should prompt the greatest possible forboarance towards the banks that resumo to-day as well as those which have not suspended. If the scramble for greenbacks is rocommenced, the dopositore themselves will bo responsible for the results that it will inovitably bring upon them. If it is suppressed by the voice of reason, there is a good prospect that Chicago will como out of the crisis whole, however New York may bo affected. Tho Now York banks, having adopted the plan of issuing loan - certificatos for their own use, are Bonding their currency West, where it will be employed in the movement of the crope. Chicago and the West have the bonefit of the arrangement. The receipts of currency by express in this city for the last two days have been as follows: THE AMERICAN EXPRESS COMPANY.


Article from The Wheeling Daily Intelligencer, September 30, 1873

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00 been made to meet the corporation pay rolls due the present month, amounting to $200,000 There has been no indication of alarm by savings bank depositors CHARLOTTESVILLE VA, Sept. 29 -In consequence of the money crisis the University of Virginia has made arrangements for credit toall students temporariembarrassed Financial Prospects Brightening Chicago. CHICAGO, Sept. 29. -The financial prospect in this city this morning is decidedly brighter, and although there are still some who are not so hopeful, the general feeling is unquestionably cheerful and confident. The Union National, Cooke County National, and Commercial banks opened their doors and resumed business at the usual hour this morning, and although they have paid considerable money there has been nothing that could called have run.upon either of them. while there been considerable deposits The influx of currency from New York and from the country continues to be large, not less than $3,000,000 having been received during Saturday and Sunday. Of this incoming currency a good proportion goes directly into the banks, the rest into the hands of commission merchants for the purchase of grain by outside parties; but it all tends to relieve the present stringency. So far as can belearned there is no urgent demand from country banks upon their correspondents here, and in all quarters confidence appears to be returning. This view of the situation is based upon interviews with a number of prominent bankers and business men. AFFAIRS AT JEFFERSONVILLE, IND. JEFFERSONVILLE, IND., Sept. 29.-The First National Bank of this city opened an hour later than usual, and declined to pay checks except for small mounts.or account of the scarcity of currency The Citizens' National Bank is meeting all de mands made upon it. It is said that the Ohio Falls Car and Locomotive Co. will suspend all opera tions, thereby throwing 700 men out of employment. THE READING BANKS MEETING ALL DEMANDS READING, PA. Sept. 29.-Business in this city is progressing quietly, and the banks are promptly meeting all demands Father Boreman yesterday announced in the St. Paul Cathedral (Catholic Church), that if his hearers had money in the banks and doubted its safety, he would guarantee its payment. NEW YORK, Sept. 29.-The governing committee met again at 1:30, and continued in session until 3 P. M. It was decided that on the resumption of business to morrow a committee will be appointed to whom claims will be referred, and sales under the rule, if necessary, will be made privately instead of publicly But three days of grace will be granted before going into the hands of the committee. Gold closed at 112g The Reserve Drawn on for Postal Purposes. WASHINGTON, Sept. -The refusal of the National Banks in Philadelphia to pay drafts upon them in currency having threatened to deprive the postal money order office in that city of the resources on which it largely depends for remit tances... from country offices, the Postmaster was o-day authorized to draw on the Department for a limited amount of the reserve deposited in the Stib: Treasury at New York City, Similar embarrass ments were foreshadowed by numer ons telegrams from western post masters Saturday, but they generally reto-day that the banks have resumed currency checks. The Patent office to day refused to receive payment of fees in certified checks, except on banks willing cash them. It is supposed that the fall ing off in internal revenue receipts today, as compared with last Monday, namely $200,000, is mainly, if not altogether attributed to the scarcity of currency for remittances. The Charleston Chamber of Com. merce Petitioning the Government to Buy Exchange for It. CHARLESTON, Sept. 20.-At a meeting of the Chamber of Commerce this morn ing, being the largest assemblage of bank ers and business men in Charleston for many years, the following resolution was unanimously adopted Resolved That the president be instruct ed to prepare a memoranda to the President of the United States and the Secretary of the Treasury, praying that the Secretary place and maintain on deposit with the Assistant Treasurer at Charles ton the sum of $500,000, to be used by him in the purchase from the banks of exchange on New York, and that such memorial be forwarded at oncet Wash ington in the name of the Chamber or Commerce of Charleston No Panic at Charlotte, N. C. CHARLOTTE, N.C. Sept. 29 The pan ic has had but little, If any, effect here All the banks, State and National, are open as usual, and loaning merchants money to buy cotton There isno disposition to withdraw deposite. On the con trary, the people are sustaining the banks with large deposits REASSURING NEWS FROM ALL QUARTERS. The Opening of the N.Y. Stock Exchange To-day. Business Improving at the Produce:Exchange.


Article from The Rutland Daily Globe, September 30, 1873

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Prospects in Chicago. RESUMPTION OF SUSPENDED BANKS. CHICAGO, Sept. 29. Financial prospects in this city this morning are decidedly brighter. Union National, Cook County National and National Bank of Commerce, opened their doors and resumed business at the usual hour this morning, and although they have paid out considerable money, there is nothing that can be called a run upon either of them, while there have been considerable deposits made. The influx of currency from New York and from the country continues to be larger -not less than three millions having been received during Saturday and Sunday. Of this incoming currency a good proportion goes directly into the banks and the rest into the hands of commission merchants for the purchase of grain by outside parties. But it all tends to relieve the present stringency. So tar as can be learned there is no urgent demand from country banks upon their correspondents here, and in all quarters confidence appears to be returning. This view of the situation is based upon interviews with a number of prominent bankers and business men.


Article from The New York Herald, September 30, 1873

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certifica cneck plan has been adopted for large sums. Confidence Returning in Chicago. CHICAGO, III., Sept. 29, 1873. The financial prospects in this city this morning are decidedly brighter. The Union National, the Cook County National and the National Bank of Commerce opened their doors and resumed business at the usual hour this morning, and although they have paid out considerable money there is nothing that can be called a run upon either of them, while there have been considerable deposits made. The influx of currency from New York and from the country continues to be large, not less than $3,000,000 having been received during Saturday and Sunday. Of this incoming currency a good proportion goes directly into the banks and the rest into the hands of commission merchants for the purchase of grain by outside parties. But'it ail tends to relieve the present stringency. So far as can be learned there is no urgent demand from country banks upon their correspondents here and in all quarters confidence appears to be returning. This view of the situation is based upon interviews with a number of prominent bankers and business men.


Article from The Daily Argus, January 20, 1875

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THE Cook COUNTY NATIONAL BANK. OF CHICAGO. CHICAGO, January 19, 1875, I regret 10 Inform the public that this bank has been compelled to temporarily close its business.-Promised and expected aid was refused at the last moment. I can assure depositors that no loss can occur to them, their payment being only a question of time. For this reason, the shareholders of this bank have decided to go into voluntary liquidation, as provided in such cases by the National Currency act. B. F. ALLEN, President. We greatly regret the embarrassment that has come upon the Cook county National and its esteemed President. Mr. Allen came to Chicago from Iowa in June, 1873, having purchased a controlling interest in that bank, and at once became its President, Shortly afterwards came the great panic, which he weathered bravely and successfully at the time, but from the ef fects of which he never fully recovered, and his present embarrassments are traceable to that disastrous event. The bank having now gone into liquidation, by yote of its stockholders, its affairs will, it is probable, be speedily wound up, and its depositors paid in full. Mr. Allen expresses his entire confidence in his ability to settle with all his creditors and the creditors of the bank without loss to any, and that he will in the end be left with a very handsome individual property,-Chicago Journal, 19th.


Article from New-York Tribune, January 20, 1875

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THE CHICAGO BANK SUSPENSION. THE COOK COUNTY NATIONAL BANK GOES INTO VOLUNTARY LIQUIDATION - UNCOMMERCIAL CHARACTER OF ITS BILLS RECEIVABLE-ITS SECURITIES NOT READILY NEGOTIABLE. CHICAGO, Jan. 19. - The decision of the stockholders of the Cook County National Bank of Chtcago, Monday evening, to go into voluntary liquidation has excited no surprise in business circles in this city. It has long been believed to be in an unsound condition, and its failure endangers no interest here. What the effect on the State National Bank of Des M ines may be is uncertain. Mr. Allen's present banking house in Des Moines closed its doors to-day, and the New-York house, Allen, Stephens & Co., is thought here to be in a dubions condition. The value of the assets of the bank cannot be determined until the Government examiner has concluded his investigations. Its deposits have run down from $1,150,000 at the date of its last statement, Dec. 31, 1874, to about $850,000, or about $300,000 in a fortnight. About $400,000 is due to Iowa bankers. and about $200,000 to city depositors. The immediate cause of the suspension is said to be the refusal of the Charter Oak Life Insurance Company to allow the bank to continue to draw on It for advances promised on the security of Iowa mortgages. Senator Logan was a stockholder in the bank, and it was made a Government depository for $150,000, but it never realized what was expected from its political connections. The bank has had some newspaper affiliation, that were unprofitable. It was also associated with railway speculations, and the disastrous corn corner of last Fall, and in general the management showed an unsafe tendency to go outside of regular banking operations. Mr. B. F. Alten, its President, QWNS most of the stock of the bank, and intends to devote as much as necessary of his private fortune to paying off the depositors. He has had the reputation of being worth $3,000,000 or $4,000,000, but this is now believed to be far boyond the mark. His means are almost all in mortgages on Iowa lands, in Iowa lands, and in is vast miscellany of speculative stocks and bonds. The bank was seriously hurt by the panic, and has failed to recover, owing to the uncommercial character of its bills receivable, and the unnegotiable character of its securities. The great bulk of its capital and deposits are probably in such securities. Tue notice posted on its doors informs the public that it is owing to non-receipt of promised and expected aid that the shereholders have voted to go into liquidation under the National Currency act. Depositors are assured that their payment in full 18 only & question of time. DES MOINÉS BUSINESS MEN EXPRESS CONFIDENCE IN MR. B. F. ALLEN. CHICAGO. Jan. 19.-A special dispatch from Des Moines, Iowa, says a meeting of business men of that city to-day adopted resolutions expressing entire confidence in the ability of Mr. B. F. Allen, President of the Cook County National Bank, to pay all creditors of these institutions. Mr. Allen is a gentleman possessed of large personal wealth. having, it is stated, in addition to other property, 60,000 acres of valuable land in Iowa, entirely clear of incumbrances, and it is confidently asserted by those in a position to know that no creditor of the bank of which he was President will lose a dollar.


Article from The Donaldsonville Chief, January 23, 1875

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News Items. The Pope is seriously ill. The famine in Asia Minor increases. War-clouds seem gathering in Europe. King Alfonso has taken command of his army. The disaffection of leading Carlists is confirmed. Sagasta declines to become French minister to Spain. The new postal treaty with Canada has been perfected. Cook & Sons' National Bank of Chicago has suspended. A granite custom-house is to be built at Atlanta, Ga. The cable steamer Faraday has arrived safely to Portland. Nellie Grant and husband return from Europe in a few days. There is a balance in the Georgia State treasury of $1,003,128. Atty. Gen. Field has returned to New Orleans from Washington. The sunken steamer John B. Maude has been raised in good condition. a The New York Senate adopted resolution of confidence in Sheridan. Five thousand ice men in New York have struck for an increase of wages. The citizens of Edgefield county, S. C., have captured several incendiaries. New Orleans, January 16th; Miss Mary Ann Tracy; lighting a fire with coal oil. The Spanish forces in Cuba are confident of suppressing the revolution soon. The Ohio Episcopal Convention elected Thos. A. Jagger of Philadelphia bishop. The Catholic Seminary at Fulda, Germany, has been closed and hehead priest expelled. Heury Gerder was pounded to death by two unknown meu in New Orleans last Wednesday. At Fort Fetterman, Neb., on the 16th inst., the mercury congealed at 45 degrees below zero. The stranded steamship South Carolina has been fidated in good condition off Barnegat, N.J. Castelar refuses a seat in the Spanish parliament if required to swear allegiance to the monarchy. Ex-Union soldiers held a meeting in New Orleaus Tuesday evening and indorsed Sheridan and Grant. The National Republican. Congressional Committee has indorsed the President's Louisiana policy. The nomination of Charles Miller to be postmaster at Brashear, La., has been confirmed by the Senate. Cincinnati is to have a new railroad bridge across the Ohio river, the cost of which will be nearly a million. The Dutch troops captured nine Achenese forts and killed 171 of the enemy in a battle fought last week. The steamship Georgia, valued at $100,000, was wrecked off the coast of Maine, ten days since. No lives lost. The New Orleans municipal government has provided the ininates of the city Insane Asylum with blankets. A large meeting of ex-Confederate soldiers was held at Atlanta, Ga., on Wednesday, Gen. Jos. Joboston president. The steamer Beaver, from Odessa to Cardiff, is supposed to have foundered at sea, with twenty persons on board. The Bonapartists carried the Hantdistrict in 6000 The a senmajority. Pyrenees result France caused by sation. A fearful storm raged at Salt Lake City on the 20th. Several bridges on the Central Pacific railway were destroyed. E. B. Cooke of the Waterford, Conn., American, the oldest editor in New England, died at the age of 82, on the 19th inst. The Virginius matter becomes serious. The vessels of ron ordered to have been the Gulf rendezvous squadat Key West. A Philadelphia grand jury has found a true bill against the priest, Gerdemann, for embezzlement of the funds of St. Boniface church. The steamboat St. Francis, running from Memphis to Vicksburg, struck a snag near Madison and sank, with five feet of water over her guards. The Pacific Mail Subsidy investiand the are most t gation the important Louisiava matters question under S consideration before Congress. Whitelaw Reid, editor of the New York Tribune, has been arrested for


Article from Ottumwa Weekly Courier, January 27, 1875

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OODLY History of the Institution. The Chicago Journal reporter who in- Co. terviewed President Allen, of the Cook National Bank, writes as follows : He announced himself as holding a two- bethirds interest in the Cook County; as to liquidate all claims in full, and been the victim of as since his ing combinations having able removal unfortunate but hither.- ninety interests here were acquired to His before the panic; and large loans days real estate, railway the were a constant feature tor business. As is unfortunate operators season's well and of known, $100,- eleva. of fall Walker negotiated a loan Mr.J currency on the day the panic broke York. When the out falso belief that nearly 000 under in in the New crisis Mr. all Allen came the would close their doors, the suspension of the which, however since which National banks ordered day, Bank, late business suspension Cook lasted has County gone this but steadily one forwari, until the morning. ADVERSE INFLUENCES, to which Mr. Allen allnded but mildly been deep and relentless. Among the have was the bitter and brntal raid at time others of the Murphy grain corner. The'ma. defeated of the attack, however, of the itself, lignity and added prestige to the name ST,LWART IOWAN. Mr. Allen is generally supposed to be several millions. He holds large of gas, insurance and and miscellaneous securities on acros of land in In has never been a stock, about which quantities worth 60,000 there mortgage. Iowa, and railway Co., has to his Presidency of the Cook be has a private at is President of the State and the head of & Co., 25 of addition Moines, National, the same city, bank Pine the National street, house Des of He is also a director Rock Island and Pacific of the Belt Railway President New Chicago Allen York. Stephens under Railway, propri- in con- the around Chicago, and sole the gas works at Dea etor a few of the heavy his constant Such struction manding of are attention. interests Moines.- Na- deof the Cook County this afternoon be Examiner Spink will tional Bank The four cannot condition days require public stated.- of three to inform the this the or of affairs. The parlors were and state morning crowded by petty depositors solid men of affairs on the other-one anx. lously inquiring for details, the other chief ex. tending heartfelt sympathy to the actor in the financial drama. HISTORY OF THE BANK. The Cook County National was organ. ised in August 1871, with a capital of under the Presidency of D.D. The lose by the great a Spencer. $800,000, fire and few weeks thereafter was but $1,800 on new year a dividend of 91/2 was declared and the to $400,000. Soon of its business caused an the necessities increased cent succeeding thereafter capital institution increase stock the to $500,000, the In 5 per cent semi-anually. Mr. Allen and secured control, an of paying June, Bowen its capital 1873, Chauncey causing cent. immediate advance of 5 per the stock. The capitol was in then enlarged to $750.000, directly No the face of the panic.in dividends have been paid 1, 1873, and the capital reduced to since was last January year $20,000 $500,000. having The surplus isnow $100,000, 1874. been added to the business of Directors are R. F. Allen, Albert The West, H. C. Nutt, B. F. Murphey, and Chauncey T. Bowen. JUSTICE TO THE FALLEN demands a statement of the fact that some weeks details of the condition of for the Cook County at the Clearing have been daily forwarded by banker to New those and his varied used Allen House rival there by inimical interests. York, to to Ac- Mr. the be cepting such responsibilities on


Article from Ottumwa Weekly Courier, January 27, 1875

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One hundred and fifty of the business men of Des Moines publish a card in the State Register stating that they "have entire confidence in the business capacity, integrity, and individual solvency" of B. F. Allen, President of the suspended Cook county National Bank, of Chicago.


Article from Chicago Daily Tribune, January 29, 1875

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MONEY AND COMMERCE FINANCIAL. There was little change In the financial situation yesterday. The morcantile trade of the city is light, and, as collections are very good, there are but few applications for losns from that direction. Engagements for considerable sums that will be wanted next Fettlement-day are being made by grain and pork men, but there is little money used for carry grain or provisions, owing to the condition of the market. There is a light miscellaneous demand for kisns from manufacturers, lumbermen, and others, but this in very much less pressing than in the Arst part of the month. Ratos of discount at the banks are uniform of 10 por Bent to regular customers. To good outside borrows yrs, with matisfactory collaterals, concessions of 1 or 2 per cent are made. Bull, the amount of funds availabio for these latter is not large. On the street, the supply of available funds is ample, with a light domand. Rates are be 18 per cent, Orders for currency BTO light. The receipts are about equal to the amount shipped. New York exchange remains steady at par to 23c premium, with few transac Hone, The clearings were $3,000,000. RECEIVER FOR THE COOK COUNTY NATIONAL BANK. Dispatches from Washington announce that the Comptroller has received the report of Bank-Examiner Spink, in regard to the Cook County National Bank of Chicago, and has, upon the recommendation of Senator Logan, which WAS concurred in by the Chieago delegation, appointed A. II. Burley Receiver. UNSTAMPED CHECKS. The Little Tariff LIII changes the existing law in order to shut the door against evasion of the 2-cent check stamp. The change consists of the italicised word in the following paragral D, viz. Bank check, draft, order, or roucher for the raymout of any sun whatsoever, drawn upon any bank, banker, or trust company, 2 cents," and the omission from the same clause of the words, at sight or on demand." Under this provision checks drawn payable one day after date, AR well as receipts intended to serve ns checks, both of which methods of evading the stamp tax have been employed, will be subject to stamp just the same MS any other form of draft for the payment of money. The right of the detective of the Internal Revenue Department to examine the vaults of the banks for unstamped checks is still questioned in some quarters, despite the acquiescence of the bankers in the search. The point 18 raised that the banks are protected from such examinations by Sec. 54 of the National Bank act, which Fays, And the Association shall not be subject to any other visitorial powers than such as are author12ed by this act, except such ns are vested in the several courts of law and chancery." GOVERNMENT BONDS. There Is a more active demand for Governments in the local market and in New York, and quotations are advancing. The demand for bonds conics parily from banks which contemplate increasing their circulation, from institutions which are restricted to this class of investments, and from the extremely careful class of individual investors. These various` demands are chiefly supplied by the foreign bankers, who sce a pront in importing bonds, and from domestic investora who are tempted to take the large profit which current prices give them, and invest in first-class railroad Londs, some of which, too, are very high, but many of which are, comparatively speaking, low.:


Article from Ottumwa Weekly Courier, February 3, 1875

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The Guthrie Beacon office is over a saloon, flanked on one side by a lawyer's office, on the other by a coffin establishment. Over head is Heaven, underneath is "the other place." A nice place for an editor, when the evil of this world outweighs the good. Safely taken in and done for. The Inter-Ocean says "Among the mourners of tied up deposits in the Cook County National Bank, is Major J. J. Sately, former Clerk of the House of Representavies, who grieves for $13,000, a portion of which was deposited the day before the bank suspended, when Mr. Allen knew he had to go." FOR SALE. A lot of second hand Sleighs, Buggies, Spring Wagons, Harness, &c., will be sold very cheap or will be exchanged for horses, or good notes, to make room for a new stock in the spring. Call and see the goods, and get prices before buying. dec.l wtf. CON. LEWIS. Algernon Clapp, an aged and respected citizen of Dahlonega, died on Saturday evening last. He had been a cripple and sufferer for many years, and requested his attending physican to make a post mortem examination of his body after death, which was done by Dr. Searls, of that place. It should seem that people would be willing to pay a few cents more for a burning oil that will not explode and that can be burnt with as much safety as gas or a tallow candle. Sanspariel oil possesses these qualities, try it. For sale by J. L. Taylor & Co., and other dealers, at 50 cents per gallon. 013-0&w6m John Vollmar, Merchant Tailor is fitting up in handsome style, the room up stairs, over the one he now occupies as a Tailoring establishment, and will open out there in a day or two a full stock of the best made Cloths, Cassimeres, etc., and will continue to manufacture to order as before not only the best but also the neatest fitting suits for gents gotten up in this country. Call on him when you want for a nice outfit. PERSONAL.-Judge Guyselman, of Missouri, is in our city, visiting his father's family. The Judge was a former resident of this city, and studied at-law in the office of Col. Summers. After his admission to the bar, he removed to Macon City, Mo., and has been elected Judge, from the Macon City Circnit. Ottumwa has furnished two Juges for the Missouri Bench; Judge Baker, formerly of the Supreme Bench of Missouri and Judge Guyselman. This is the way the Gate City tells it: "People have commenced paying their taxes. They don't become delinquent for a month yet, but the average tax payer likes to cancel the obligation as soon as he gets the money. It iffords him the opportunity to indulge in a little stereotyped 'cussin' about the rate of taxation and to heap maledictions on the Government that compels him to pay his portion of the expense of maintaining it. And then he goes off and watches for a good opportunity to invest in more property." The following subscribers, some new and some old time patrons, have antied up their subscriptions during the past week: L W Kilby, Andrew Anderson, A E Lyon, C Nosler, J H Fisher, D Rogers, James Handy, J Q A Dawson, E Quant, J M Elder, A J Eartholemew, Wm Evans, G W Wilkins, D Robertson, H Barnes, Henry Bachinan, Samuel Brown, Lawrence Guggerty, H M Spry, C M Hagau, J 5 Williamson, D R Wilson, D G Davis, Fred Streblow, N Reno, J Lawson, Andrew Lockrow, J A Reeve, John Reeve, Jacob McCloskey. Moore & Goodall have one of the cleanest and freshest stocks of Drugs in the city. They keep all sorts of Drugs, School Books, School Reports, Stationery, Paints, Oils etc., and at any hour of the day or night you can have a prescription compounded by by them with exactness and dispatch. We have long known both there gentlemen, and can assure our readers that it will be a pleasure to deal with them as they are perpendicular in all their transactions. Remember the place opposite the Ballingall House. Those who regard life and property as worth saving, should give heed to the kind of oil they burn in their lamps. Sanspariel oil is Kerosine, or Coal oil, of very high fire test, greatly refined and purified and is considered quite as safe as lard oil. Price 50 cents per gallon. For sale by J. L. Taylor & Co. and other dealers. Oct. daw6m The Kirkville Mills, Roop & Eichelberger proprietors, supply this city with a large amount of Flour of the choicest brands, and no housewife that understands her wants, will fail to try either the "Kirkville Winter" or "Kirkville Select" brands. The first is made of the choicest Winter wheat and the latter from selected Spring wheat,


Article from The Wheeling Daily Intelligencer, February 5, 1875

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WASHINGTON. WASHINGTON, February 4.-The House Committee on Appropriations has agreed to appropriate $3,000,000 for the judiciary, and on Monday to hear a representation of the bank note companies and of the Treasury Department on the subjeet of government printing. The Ways and Means Committee, at the conclusion of a long session to-day on the taxation and revenue question, had an open session, when Wm. G. Tenney was further examined regarding the certificates of deposit issued by Jay Cooke & Co. in favor of John L. Schumaker Nothing new was elicited. The Comptroller of the Currency has apppinted Alex. H. Burley as receiver of the Cook County National Bank, Chicago. TARIFF BILL THE COMMITTEE. The Committee on Ways and Means considered the tariff question to-day and took various notes, which developed the fact that ten and coffee will not be taxed 114 an independent proposition, but will be if some of the other articles now free are included with them. So such a tax on ten and coffee is conditional. A minority of the committee are-opposed to any new tariff'bill, but there seems to be no doubt that if bill will be reported probably by Monday next. The Commissioner of Internal Revenue will to-day or to-morrow appear before the committee to explain as to what additional taxes may be imposed on articles connected with his bureau. There are at least 2,000 people in and immediately surrounding the Hall of the House and the lobbies running around the galleries are crowded with persons endeavoring to obtain admission, which is utterly impossible. The attendance is the largest this winter. Perfect order prevails. The floor of the House presents pretty much the usual appearance. A number of its clerks, ex-members, and others entitled to the floor, are in the outer circle of sents, among whom are Reverdy Johnson and Vice President Wilson. The House Committee on Naval-Affairs has decided that while the testimony shows that Dr. Beattic paid State Senator Graham of Virginia $1,700 to procure the appointment of a cadet to the Naval Academy, it fails to sustain the charge that Representative Stewart received any portion of the money. ) The Senate Committee on Territories to-day agreed to report and recommend B the passage of a bill to create the territorg of Pembina out of the northern half of Dakota. The House Committee on Appropriations expect to report early next week n bill making an appropriation for the sundry civil expenses of the Government. The aggregate amount will be about $22,000,000.


Article from The Andrew County Republican, February 19, 1875

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# FINANCIAL AND INDUSTRIAL. -B. F. Allen, of the Cook County National Bank of Chicago, recently suspended, admits owing a little over a million and a half dollars, but claims to have assets above this of over eight hundred thousand dollars. -Bradbury Brothers, heavy New York dry goods dealers, have failed. Liabilities, $170,000.


Article from Ottumwa Weekly Courier, March 17, 1875

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The Allen Bankruptcy Case. The bankruptcy case against B. F. Allen came up before Judge Love, of the U.S. District Court, in this,city yesterday, on the order to show cause, if any, why the creditors petition should not be granted. Messrs. Phillips, and Phillips, of Des Moines, represented the petitioners, and Messrs. Gatch and Wright, of Des Moines appeared for the defense. Monroe, Bisbee & Ball, of Chicago representing the Cook County Nstional Bank, made an application to prove up the claim of the Bank against the estate of Allen. The claim is based upon the depositions of Bank Examiner Alfred Spink and Receiver A. H. Burley, who set forth in their affidavits that they have fully examined the books, accounts and papers of said Bank and find that B. F. Allen is indebted to the Cook County National Bank in the eum of at least $849,841.94; also that Allen is liable to said Bank or to its Receiver for the benefit of its creditors in the further sum of $238,800, for stock held in his own name, and that it will require every dollar of stock liability and much more to pay the indebtedness of said Bank. The application was placed on file and will come up for hearing on Tuesday, the 16th, to which time the case was continued, on the motion of the defendant.-Gate City.


Article from Chicago Daily Tribune, May 13, 1875

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32,595.93 Balance May 1 The report was referred to the Master. THE ELECTION CASE. An order was entered in the case of C. П. Reed, State's-Attorney, YR. Thomas Foley and the other Aldermen, dismissing the supplemental bill which made the allegations as to the violation of the injunction. The attorneys for the Citizens' Association are obstinately silent, and nothing is known of what the next step will be. THE UNITED STATES COURTS. The Fifth National Bank filed a bill against Sparrow M. and Polly Nickerson, Josiah L. Lombard, and a large number of other defendants, to foreclose a trust-deed for $81,000, on Lots 21, 22, 23, 24, and 25, in Block 4, and Lots 13, 14, 15, 16, 17, and 18, in Block S. of subdivision of the W. 1/2. and Sub-Block 5 of the E. ½. of Block 15, in Sheflield's Addition; also Lots 23. 42, 43, 44, 45, 48, and 19, in Block 1, and Lote 3, 4, 5. and 6, in Block 2, in the subdivision of the W 1/2. and Sub-Block 5 of the E. 1/8, of Blook 15, in the same addition. SUPERIOR COURT IN BRIKF. A. H. Burley, Receiver of the Cook County National Hank, began a suit for $2,000 against Moses A. Thayer. Ernst Kniepcke filed a bill against Charles Moessinger, Catherine Moessinger, Louisa, William, Emina, Agues, and Louis Wenthe, the GermauAmerican National Bank of Chicago, E. J. Knobeladorff, and William Harsch. to foreclose a mortgage for $2,000 on Lot 10, Block 1, of Braiuand & Evans' Addition to Chicago. CIRCUIT COURT. Frederick Rosson began a suit in replevin against F. Meyer, claiming $2,000. Fanny Eichhold brought suit against J. T. Lestor, claiming $2,000 damages for broken covenant. Gelts Rabinowsky commenced a suit in trespass against Abraham Rabinowsky and Edward Mooney, laying damages at 82,000. THE COUNTY COUNT. On notition of John Dieden, County Agent, warrant and venire ordered returnable the 20th inst., at 10 o'clock a. m, to try the question of the alleged insanity of John F. Silbach, John Illloy, August Balenke, Mary Nilson, and Elizaboth Sommer. In the matter of the estate of Bernhardt Milt, deceased : order that dedimus potestatem Issue to the Mayor, or Chief Magistrate of Paris, Franco, authorizing him to take, and certify to this Court in due form of law, the testimony of James Long, one of the subscribing witnosses to the will of deceased. The Court adjourned till Monday. CRIMINAL COURT. Two indictments against Thomas Jefferson, for forgory, were stricken from the docket, with leave to reinstate. Sentence in the caso of Minnie Neth, the woman who was found guilty of stealing a volvot cloak from Field, Leiter & Co., was suspended. George Williams, a lad, was tried on the charge of passing & forged check on a man named Bradley; verdict, guilty, and recommended to the clemency of the Court. J. H. llieswell and William McDermott pleaded guilty to horso-stealing; remanded for sentence. The Court adjourned till to-morrow morning, when the motion to quash the indictments against 11. K. Turnor for forgery will be heard. THE CALL. JUDGE GARY-177, 187, 192 to 194, 196, 197, 200 to 203, 205 to 200. JUDGE JAMESON-No call. JUDGE MOORE-No call. JUDGE ROGERS-96 to 102, and set caso 927. JUDGE FARWELL-No call. UNITED STATES CIRCUIT COURT-JUDGE BLODGETT -First National Bank of Danville vs. Adam Smith, $1,284.76; Erastus Tefft of al. vs. Morace llinkson and Alfred Hinkson, $1,000.19. BUPERIOR COURT-CONFESSIONS-A. H. Burley, Receiver, YN. John II. Brown, $034.17; Busch & Brand Browing Company Ys. Casper Damm, $141.30: Michael Bartolme YS. Henry M. Payue, Hanry C. McNeill, and William Hanabrough, $491.23. k Friedlander ve. John Dippold and George Dippold, $903.67.-Ferry & Bro. vs. Robert Leitch, $344,06,-T. C. Hoag, Assignee, YS. W. W. Smith, $1,135,40,-W. Landabl vs. Peter Neff, $37.50, -Mart L. Stewart Va. J. W. Bheahan and William Price, $2,212.20. CIRCUIT COURT-CONFESSIONS-J. M. Walto vs. William A. Travis, $583,63. JUDGE use B. W. Ellts, YS. William Spaulding, $300,-Thomas Mahoney vs. The Manufacturers' National Bank of Chicago, $350.


Article from The Star, May 18, 1875

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LAST EDITION. BY TELEGRAPH. Philadelphia, May 18.-The suspension of Chandler, Hart & Co,, one of the largest boot and shoe firms of this city, is announced to-day. Their liabilities will amount to $125,000. WASHINGTON, D.C., May 18.-The National Lodge Knights of Pythias is now in session here, representing thirty-four State jurisdictions. It is presided over by Supreme Chancellor Davis. TYRONE, PA., May 18.-Mingo Parks, the leader in the present mining disturbances here, has fled the country to avoid arrest.-Several boxes of arms and ammunition passed through here yesterday for Clearfield county. LONDON, May 18-The City and County Bank of London suspended payment today. The failure is not regarded na important, and created no excitement. The paid-up capital of the bank is £28,000.The Erie. Railroad report was published here to-day. NEW YORK, May 18.-There are rumors to-day that frauds in importations of crape and mourning goods have been discovered, having extended. through the past two years. An appraiser in the Department of Customs in this city and one of the examiners has resigned. WASHINGTON, May 18.-A Havana letter states that highway robbèries and murders are S0 frequent lately in the streets of that city, that the acting Captain General, who was himself robbed in the street, of his watch and jewelry, worth fourteen hundred dollars, has ordered all culprits hereafter to be tried by military authorities. MEMPHIS, May 18.-Major John Pressley Strange, for many years a leading dry-goods merchant of this city, and during the late war Adjutant General on the staff of Lieut. Gen. Forrest, died last night, of consumption, aged 53 years. His death has cast a gloom over the city, as few men were so universally admired and respected as was the deceased. CHICAGO, ILL., May 18.-The published statement of the National Banks in this city show' that there has been an increase of $3,600,000 in the loans, and an increase of $186,000 in the deposits, also an increase of the capital surplus of $125,000 since March 1st. There has been an apparent decrease of capital during the year of $404,000, owing to the closing up of the Cook County National and Mechanics' National.


Article from Chicago Daily Tribune, October 7, 1875

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MISCELLANEOUS. THE COOK COUNTY NATIONAL DANE. A. II, Burley, Receiver or the Cook County National Bank, filed a potition yesterday in the United States District Court, stating that W. M. Taylor WAS indobted to him as Receiver in the sum of 815,000, secured by $42,000 par value of the stock of the Post and Mail Printing Company, which 18 of very little value. The Rocoiver states that Taylor le embarrassed in bis busines, and that most, if not all, his property is incumbered by lieus and judgements. Taylor has offered a farm of 400 aorea in LaSalle CounLy, partly improved, but subject to an incumbrance of $3,200, on condition that the Receiver will credit $8.800 on his Indobtedness and deliver up $10,000 worth par value of the Post and Mail stock. Mr. Burley thinks this la a very advants R ous offer for the bank, and asks that he may be allow to accept IL The petition Was granted by Judge Blodgiett. ITEMS. In the tubular lantern patent caso of Iradin YS. Goodrich & Houston, the argument on a motion for an injunction was concluded yesterday before Judge Blodgett and taken under advistment, The restraining order granted heretoforo by Judge Drum wond La to stand until the further order of the Court. The divorce caso of Christina Blake VA. Barnum Blake WAS commenced yesterday afternoon before Judge Rogers. Great difficulty Was experience in ohtaining jurois, and at the time Court adjour nod only four had been secured. The case will be continued today. UNITED STATES COURTS. George E. Pugh Bled A iill against Alpheus C. and Elvira C. Badger, D. N. Bash, T. J. Kerr, Jane C. Van Reussiner, W. D. Kerfoot, C. A. Kerfoot, J. N. Jewest, Crane Brothers Manufacturing Company, J. Melter, 0. Watson, J, D. Blinshall, U. A. Beiden. H. .B. Barclay, C. H. Voorhies, T. K. Webster. the Intern ational Bank, D. F. Cameron, D. Frey, Inclia Robinson, exeoutor. C. E. Crafts, and Robert Mitchell, to foreclose a mortgage for $13,500 on the east balf of the southcast quarter of Suc. 20, 30, 13. BANKBUPT ITEMS. R. E. Jenkins was yesterday elected Assignee of the Detate of French, Bhaw & Co. A second general meeting will be held Oct. 18 at 2 p. m. in the matter of T. K. Holden. In the instter of Shanshan & West, an order was entered on the Assignee to pay, first, all liabilities in full of Edmund Shanaban, James Wast, and W. J, Manning, as copartmers, including the merchandise account of J. V. Farwell & Co. for $1,923.48 second, after Daying above claims and the COSTS of the proceedings, the remainder of the bankrunts' funds Are to be paid pro rata on all the joint liabilities of Shanaban & West proved up in bankruptcy, except the claim of J. V. Farwell & Co. on the holes of Sushahan is Wist, land such other claims as the Assignee may think it advisable to have re-examfued. CIRCUIT COUNT. J. M. Moulion sued A. J. Stephens and Erastus llaves for $1,000. 0. &. J. Barry sued Cory, Barrett & Co. for $1,000. Nathaniel Norton began an action for $10,000 against J. M. Hotter, W. 0. Dandy, and Samuel M. Mooro. S. P. Rounds brought auit against J. A. Norman to recover $2,600, and another for $1,200 against H. M. Honors. J. E. Howland sued Henry B. Miller for $1,300. COUNTY COURT. The most of the time of the Court WM given yesterday to the bearing of claims. An order was made appointing C, 8. Reddeld, Enoch Woods, and Michael Cubbingham, Commissioners to second the cost of improvement in assessment rolls Nos. 06 and 65, Town of Lake THE CALL. JUDGE GARY-13, 15 to 22, 24 to 30, and 82 to 35, inclusive, Judox Moons-10, 11, 12. JUDGE ROURES-No call until further notice. JUDGE BOOTH-18 to 30, except 25, 26, and 29. JUDGMENTS. UNITED STATES Circuir Cover-Jupes BLODGETT -United States of America vs. The Chicago, Rock Island & Pacido Bailroad Company debt, $600,000 only nominal damages, $1,412.08. UNITED STATES District Cover-Jupez BLODGETT -Andrew Plerson TM. Bark Winons; decree, $753,43.


Article from Chicago Daily Tribune, October 17, 1876

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June, July, and August overcharge vouchers 7,882 Cash on hand 15,443 Total $308,000 The report was referred to the Master in Chancery for the usual examination. ### THE BARQUE PARANA A point was raised yesterday before Judge Blodgett in the case of the distribution of the proceeds of the barque Parana, as to the priority of mortgages on the vessel. Meadowcroft Brothers had a mortgage for $2,500 on the barque, and Finney & Miller one for a smaller amount. The latter, however, was for supplies furnished. A motion was made by Messrs. Barker, Buell & Walt to modify the decree heretofore entered ordering all mortgages to be paid pro rata, so as to allow the Meadowcroft mortgage to be paid in full, in accordance with the decision of Judge Drummond in the Grace Greenwood case, wherein it had been held that mortgages should be declared to be a lien according to the date of their being recorded. On the other hand, Messrs. Rae & Mitchell argued that, as the Finney & Miller mortgage was for supplies, it should be paid first, although recorded last. Judge Blodgett, however, thought otherwise, and directed a rule to be made on Finney & Miller to show cause in ten days why the Meadowcroft mortgage should not be paid in full. ### DIVORCES Lucia Huck filed her bill yesterday against her husband, Charles, asking for a divorce on account of his excessive use of intoxicating liquors. Frank Jones also wants a divorce from his wife, Philomena, on similar grounds. ### UNITED STATES COURTS The Bank of Rochester began a suit for $6,000 against Morris Goldberg. A. H. Burley, Receiver of the Cook County National Bank, began suits in debt against the following parties: Lavinia E. Day for $3,400; Clara Iretie Day, $8,500; Henry T. Thomas, $3,000; N. B. Stevens, $6,500; W. W. Saltonstall, $7,500; W. C. Turner, $1,000. ### BANKRUPTCY MATTERS Discharges from bankruptcy were issued yesterday to Judge T. Stringer, Charles Mann, and William Y. Daniels. R. E. Jenkins was appointed Assignee of James H. Adams and of Jane M. Beach. A dividend of 10 per cent was declared yesterday in the estate of Thomas J. Birchler. This will be payable in a few days at the office of R. E. Jenkins, Assignee, No. 35 Republic Life Building. The first dividend-meeting in the case of Ole G. Thompson was adjourned to Oct. 30. An Assignee will be chosen this morning at 10 o'clock in the estate of M. Yale Cady. ### SUPERIOR COURT IN BRIEF John Keller sued the Paterson Fire-Insurance Company for $1,000. Frederick Rethmeler commenced a suit in trespass against A. T. Loomis, laying damages at $5,000. S. C. Perkins began a suit for $2,000 against Jesse Adams. Mary C. Bench filed a bill against John W. J. Culton, Fatina C. Culton, John Dekoven, Trustee, John Mattocks, successor in trust, Francis M. Corby, Trustee, Francis Agnew, successor in trust, J. E. Walker, R. E. Jenkins, Assignee, the Allemania Insurance Company of Pittsburg, the First National Bank of Warsaw, and W. H. Patterson to foreclose a trust-deed for $5,500 on part of Lots 26 and 27, in Block 8, of the Assessor's Division of the S. W. fractional ¼ of Sec. 22, 30, 14. Louis Fisher, for the use of Adolph Bochner, brought suit for $6,000 against the Protection Life Insurance Company. A. L. Hale & Bro. commenced an action in trespass for $10,000 damages against Morton Culver, Francis Agnew, Emma Lundley, and Emil Horchster. W. B. Howard brought suit to recover $3,000 of Henry A. Tilden. ### COUNTY COURT A motion was made by the counsel for Mr. Lightfoot for a new trial in the Lightfoot insanity case. The Court reserved his decision. The old claim of F. W. Buckingham against the estate of Martin O. Walker, deceased, amounting to $37,853.13, was revived in the County Court yesterday. The claimant had been in the employ of M. O. Walker from Oct. 1, 1867, to July 15, 1876, and claims as salary $5,000 per year, house rent, $955.31; expenses, $739. He claims to have been paid at times $12,180.15, and demands the balance. He had no contract with Walker, but the Court looked upon the charge as reasonable, and the claimant endeavored to show that it was by the introduction of several business men as witnesses. In reply, the attorneys for the estate set up that a contract had at one time existed for claimant's salary for $1,500, and introduced witnesses who had heard Mr. Walker say as much. The case will be further heard to-day. ### CRIMINAL COURT Mr. Trude stated to Judge McAllister that James J. McGrath, who had had Wilbur F. Storey, of the Times, indicted for libel, was willing that the indictment should be dismissed. It will be remembered that at the trial under this indictment the jury disagreed. Mr. Reed had no objections to the dismissal, since McGrath desired it, and therefore the Court ordered the entry to be made in the record. Leonard Swett, counsel for R. K. Turner, indicted and tried for forgery, the jury disagreeing, made a motion yesterday to dismiss the indictment, and 9 o'clock Thursday morning was set for hearing the arguments. ### THE CALL JUDGE BLODGETT—Hill & McKechnie vs. B., P. & C. Railroad Company still on trial, and good for some days. JUDGE JAMESON—213, 215 to 233 Inclusive; No. 211, Palmer vs. City, on trial. JUDGE MOORE—23, 24, 25; No. 22, Armstrong vs. Tourtellotte, on trial. JUDGE ROARTS—119 to 133 Inclusive. Term No. 2,281 on trial. JUDGE BOOTH—Set case term No. 2,850, Aldridge vs. Race; also, calendar Nos. 310 to 342. JUDGE FARWELL—General business. JUDGE WILLIAMS—General business. ### JUDGMENTS UNITED STATES CIRCUIT COURT—JUDGE BLODGETT—D. Beadle use of Albert Jacobs vs. Mercantile Insurance Company of Chicago, $6,001.32. W. H. Clark vs. H. W. and James G. Brown, $3,405.41.—First National Bank of Grand Haven vs. Edgut Paul, $767. SUPERIOR COURT—CONFESSIONS—Mortimer H. Flint vs. Woodbury M. Taylor, $3,010.—J. N. Pirio et al. vs. W. D. Coffeen, $700.00.—Louis


Article from Daily Globe, March 3, 1880

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U. S. SUPREME COURT. A Batch of Opinions of Interest to National Bank Officers and Assessors. WASHINGTON, March 2.-The following opinions have been rendered by the supreme court: No. 270-The Central Trust Company, New York, receivers, etc., appellant, vs. the First National Bank of Wyandotte. An appeal from the eircuit court of the United States for the northern district of Illinois. This was a suit brought by the Wyandotte bank to recover possession of a certain note for $5,000 with collaterals given by it to the Cook County National bank of Chicago, and by the latter transferred in violation of an agreement with the Wyandotte bank to the New York State Loan & Trust company, of which plaintiff in error is receiver. This court holds First-That as between the complainant and the Cook County bank there is a prefect defense against the note to the extent of $4,868, which amount stood to the credit of the Wyandotte bank on the books of the Cook County bank at the time of the latter's failure. Second-That plaintiff in error can claim no more or greater right than the Cook County bank had, and that complainants are therefore entitled to a return of the note and collaterals on the payment of the sum of $132. The decree of the lower court is therefore affirmed, with costs.