Johnston, Buck & Company (Ebensburg, PA)

Episode Information

Episode UID
3877254991091
Episode Type
Suspension → Reopening
Bank Type
private
Bank ID
387725499 hash
Start Date
November 29, 1890
Location
Ebensburg, Pennsylvania (40.485, -78.725)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
30390d358268b12f

Response Measures

None

Events (2)
1. November 29, 1890 Suspension
Cause
Correspondent
Cause Details
Closed/ suspended on Nov. 29 due to loss from failure of correspondent B. K. Jamison & Co.; large deposit with Jamison (~$40,000) lost.
Newspaper Excerpt
Johnston, Buck & Co., bankers, of this place, closed their doors this morning; the failure is a result of that of Jamison & Co., the bank's correspondents.
Source
newspapers
2. December 26, 1890 Reopening
Newspaper Excerpt
The firm of Johnston, Buck & Co., bankers... which suspended on Nov. 29, has decided to open for business to-morrow morning, having secured an extension from their creditors.
Source
newspapers

Newspaper Articles (12)
1. November 30, 1890 New-York Tribune New York, NY
Article from New-York Tribune, November 30, 1890

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THE FAILURE OF B. K. JAMISON & CO. PROBABLY WORSE THAN AT FIRST REPORTEDA COUNTRY BANKING HOUSE FORCED TO SUSPEND. Philadelphia, Nov. 29.-The failure of B. K. Jamison & Co. divided the attention of the Street to-day with the startling publication of John R. Baker, jr.'s, gigantic forgeries. The general opinion seems to be that the failure of Jamison & Co. will be worse than was at first reported. The firm are said to have been large borrowers lately, and several financial institutions of this city are thought to have been heavily hit by their suspension. The failure has had no appreciable effect on the local stock market, stocks to-day having been dull, but steady. Assignee Thompson said this afternoon: "It is utterly impossible for me® at this time to give an approximate estimate of the firm's liabilities and assets. We have only started on the first details of the work, and It will be several days before any statement can be made." The liabilities of the firm are variously estimated on the Street at from $500,000 to $1,500,000, but such estimates are the merest guesswork. Ebensburg, Penn., Nov. 29.-Johnston, Buck & Co., bankers, of this place, closed their doors this morning, their failure being one of the results of that of B. K. Jamison & Co., who were Johnston, Buck & Co.'s correspondents. Their statement has not yet been made public, but they expect to be able to pay all depositors in full, the first payment of 25 per cent to be made on January 1, 1891, and 25 per cent every following three months until it is paid. They had about $45,000 in other banks, $40,000 of which was in B. K. Jamison's. Their entire loss therefore is $40,000, and business men of this place, who are depositors, say that they have every confidence that their money will be paid in full. The heaviest loser is County Treasurer Howe, who had a deposit of $20,000. State Treasurer Boyer to-day entered two suits in the Common Pleas Court against B. K. Jamison & Co., upon a bond for $100,000, dated last June, to secure the payment of the State's money, which the firm are said to have had in their possession. In an affidavit filed with the bond, Mr. Boyer avers that the amount due on the bond filed in the action, and the judgment thereon, is $25,000, that being the amount at this time on deposit with Jamison & Co., to secure the payment of which the bond was given. The suits are entered against B. K. Jamison, W. M. Steward, J. Henry Kershaw, Philip F. Kelly and A. G. Plamer. trading as the firm of B. K. Jamison & Co., to hold them responsible for the debt as contracted by the firm, and also against the same parties individually.

2. November 30, 1890 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, November 30, 1890

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Beecham's Pills cure sick headache. FAILURES. PHILADELPHIA, Nov. 29.-The failure of B. K. Jamison & Co., divided the attention of the street this morning with the startling publication of John A. Baker, Jr.'s, gigantic forgeries. The general opinion seems to be that the failure of Jamison & Co. will be worse than at first represented. The liabilities of the firm are estimated on the street at $1,500,000; but such estimates are the merest guess work, as those who are in a position to authoritatively state what the liabilities are decline to do SO at this time. NEW YORK, Nov. 29.-Behning Sons, piano manufacturers, at 157 East One Hundred and Twenty-seventh street, made a general assignment today to William Jonk, with preferences of over $10,000. PITTSBURG, Pa., Nov. 29.-A dispatch from Edensburg, Pa., says: Johnston, Buck & Co., bankers, have closed their doors. The assets and liabilities are not yet known. MINNEAPOLIS, Minn., Nov. 29. - The Journal's Duluth special says the private bank of H. P. Hall & Co. closed its doors this morning temporarily. In a run yesterday $30,000 of the $70,000 deposits were drawn out. When the bank closed Mr Hall addressed the waiting depositors, and told them he could pay no more cash, but if they would wait a day or two, they would be paid in full. He had not raised the necessary funds today. Immediate "Had

3. November 30, 1890 The Morning Call San Francisco, CA
Article from The Morning Call, November 30, 1890

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MORE FAILURES. Suspension of Pittsburg Bankers-Run on a Minneapolis Bank. PITTSBURG, Nov. 29.- - A dispatch from Ebensburg, Pa., says Johnston, Buck & Co., bankers. have closed their doors. Their assets and liabilities are not known. The failure is a result of that of Jamieson & Co., the bank's correspondents. A statement has not yet been made public, but the firm expects to be able to pay all the depositors in full. The heaviest loser is the County Treasurer, who has a deposit of $20,000 in the bank. The failure of B. K. Jamieson & Co. divided the attention of the street this morning with the startling publication of John A. Baker Jr.'s gigantic forgeries. The general opinion seems to be that the failure of Jamieson & Co. will prove worse than at first reported. The firm is said to have been large borrowers lately, and several financial institutions in this city are thought to have been heavily hit. The liabilities of the firm are variously estimated at $50,000 to $1,500,000, but such estimates are the merest guess work. Beyond the statement given last night, no information in regard to Baker's enormous speculation will be made by the absconder's family. The general impression is that Baker has made good his escape from the country and will not be apprehended. PHILADELPHIA, Nov. 29. From figures obtained to-night, the indications are that the labilities of Jamieson & Co. will exceed $1,000,000. MINNEAPOLIS, Nov. 29.-A Duluth special says the private bank of Hall & Co. closed its doors this morning temporarily. In a run yesterday $50,000 of $70,000 of the deposits were drawn out. No runs were made on the other banks. The bank expects to pay in full.

4. November 30, 1890 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, November 30, 1890

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THE GREAT JAMISON FAILURE. Worse Than at First Reported-A Duluth Bank Forced to Close. PHILADELPHIA. Nov. 29.-The failure of B. K. Jamison & Co. divided the attention of the street this morning with the startling publication of John A. Baker's, jr., gigantic torgeries. The general opinion seems to be that the failure of Jamison & Co. will be worse than at first reported. The firm is said to have been large borrowers lately, and several financial institutions of this city are thought to have been heavily hit. The liabilities of the firm are variously estimated at $500.000 to $1,500,000, but such estimates are mere guesswork. Bevond the statement given last night, no information in regard to Baker's enormous peculations can be made public by the absconder's family. The general impression is that Baker has made good his escape from the country and will not be apprehended. The state treasurer has entered two suits in the common pleas court against Jamison & Co., upon bonds to secure the payment of $25,000 of state money which the firm is said to have had in its possession. From figures received tonight the indications are that the liabilities of Jamison & Co. exceed $1,000,000. PITTSBURG, Nov. 29.-A dispatch from Ebensburg, Pa., says that Johnston, Buck & Co., bankers, have closed their doors. 1 he failure is the result of that of Jamison & Co., the bank's correspondents. A statement has not yet been made public, but the firm expects to be able to pay all depositors in full. The heaviest loser is the county treasurer, who has a deposit of $20,000 in the bank. DULUTH, Nov. 29.-The private bank of Hall & Co. closed its doors this morning temporarily. In a run yesterday $30,000 of the $70,000 of deposits was drawn out. No runs have been made on the other banks. The bank expects to pay in full.

5. December 3, 1890 The Enterprise Wellington, OH
Article from The Enterprise, December 3, 1890

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LATER. A MEETING of the National Executive Silver Committee has been called at Washington on December 10, 1890. INTERNAL revenue receipts for the first four months of the present fiscal year. aggregated $51,028,289, or an increase over the corresponding months of the last fiscal year of $4,245,290. IN a freight wreck which occurred on the 29th ult. on the Spokane branch of the Union Pacific railroad, near Pendleton, Ore., the engineer, fireman and one brakeman were killed, and another brakeman fatally injured. THE pension appropriation bill for the next fiscal year, as agreed upon by the subcommittee having it in charge, appropriates $133,173,085 for the payment of pensions and $1,500,000 for examining surgeons. A SMALL boat containing six persons was capsized in Rice Lake, Wis., on the 29th ult., and the entire party were drowned. The victims were Frank Founcer, William Knight, Charles Stikes, William and Al Stark and Arthur Page, the latter of Boston, Mass. JOHNSTON, BUCK & Co., bankers at Ebensburg, Cambria County, Pa., closed their doors on the 29th ult. owing to the failure of B. K. Jamieson & Co., of Philadelphia. They promise to pay dollar for dollar within a year. THE Bossemer plant of the Bethlehem Iron Company, at Bethlehem, Pa., has shut down for an indefinite period, throwing 1,200 men out of work. Scarcity of orders is the alleged cause of the suspension. A RECEIVER of the Knights of Aurora will shortly be appointed by Judge Hicks, of Minneapolis, owing to fraud, insolvency and unlawful practices in the management. ANGUS McDoNALD, Alex McIsaacs and B. Walsh left Sandy Point. N. F., several days ago in a large sail boat for Stevensville. A fierce gale prevailed during the night and all hands were lost. THE Hotel Patawomick, at Glen Echo, a pleasure resort near Washington, D. C., burned on the 29th ult., causing a loss of $90,000. Many of the occupants of the hotel had narrow escapes. THE private bank of Hall & Co., at Duluth, Minn., was forced to suspend on the 29th ult., owing to a run on the institution, during which $30,000 of the $70,000 of deposits were drawn out. JOHN Gebhard, a cigarmaker, his wife and their two children were instantly killed by a train on the Northern railway at Closter, N. J., on the 29th ult.

6. December 5, 1890 The Cambria Freeman Ebensburg, PA
Article from The Cambria Freeman, December 5, 1890

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THE suspension of the banking firm of Johnston, Buck & Co., of this place, Carrolltown and Hastings, is an unfortunate calamity for the people of central and northern Cambria. Its effects will be far reaching and felo by many, but it is to be hoped the confidence the people have in the integrity and busis ness management of the firm, and 6Spreially in A. W. Buck, the resident partner and cashier. will enable it to overcome its difficulties. avoid an assignment and prevent the winding up of its affairs by the sudden collection of its securities. Its assets are composed entirely of the notes of our people, who, having found themselves in need of money to carry on their business, to make payment for their farms or homes or to tide themselves over some pressing financial stringency have found it necessary to become borrowers from the bank. Many no doubt have borrowed with the intention and expectation of paying part of their indebtedness when their notes became due and of getting a renewal for the balance, believing it better to pay interest than to sacrifice 8 ome produce, or stock that perhaps at the time was unsalable. It is not the old business men or the old farmers that would be pushed to the wall during such a financial panic as the enforced liquidation of the assets of Johnston, Buck & Co., would create in this county. It is the beginners, the men who at the end of the next decade may be either prosperous or poor as the result of this financial crisis ; the half fledged business men who with small capital but lots of energy are struggling for a foothold in their business ; the young farmers, (who after several years of hard work and saving find themselves the purchasers of farms and are meeting their pays ments as they become due by the sale of their stock and produce and when they can't sell, borrowing from the bank until such time as they can sell to advantage ; to these the sudden, enforced collection, by the strong arm of the law of all the assets of the suspended firm, means a great loss ; to some it means financial ruin and sends them back to the place of beginning with several payments lost and several years of honest toil thrown away. It is not alone the notes of the banking firm that would be collected but others, holding notes against the same people, finding the banking firm pushing for the money due them would become uneasy, credit and confidence would be destroyed and in the financial panic that would ensue the debtors along with others who do not at present feel that they are interested, would lose more than the entire liabilities of the suspended firm. To those who are indebted to the suspended firm the granting of the extension asked for means much ; but to the entire community who are prosperous, happy and contented when business goes smoothly along the prospect of a financial panic in the county is not a pleasing event to contemplate and every available means should be used to avert it. Give the suspended firm 3 chance and help them on their feet. They have been struck, cyclone like, by a sudden and unexpected loss, but through no fault of theirs. The examination of their affairs by a committee of business men, in whom we all would trust, shows they have ample assets to meet their liabilities and but the more firmly establishes the business probity and integrity of the firm. The forbearance of their creditors will make their loss lighter, enable them to be more lenient with their debtors and may be the means of saving a number of our people from financial ruin.

7. December 5, 1890 Sullivan Republican Laporte, PA
Article from Sullivan Republican, December 5, 1890

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day. On the contrary, we paid that firm on the day the loan was said to have been made $25,000. Neither am 1 a director in the West Philadelphia Bank, and our firm does not owe that institution a cent. It is in a strong financial condition, and there is no reason whatever to couple my name or the firm's name with it." Amos R. Little one of the directors of the Edison Electric Light Company. said yesterday, that the failure would not affect that company in the slightest. He said: "Mr. Jamison has $25,000 worth of stock in our company, and that is all. Some time ago we had an account with the firm, but we closed it out about a year ago. At the time of the assignment B. K. Jamison & Company were merely stockholders in the St. Paul and Minneapolis Mortgage, Loan and Trust Company. They originally placed $225,000 of the company's stock, but the accounts have been closed and all the money turned over to the company. The assigned firm is also understood to have been heavily interested in the Fairmount Coal Company, which was organized last year, and the National Illuminating Company. Many of the county banks represented by B. K. Jamison & Company, have withdrawn their accounts, but the failure will probably cause some trouble among those that didn't get their money out in time. One of the latter, Johnston, Buck & Company, of Ebensburg, Cambria county, was compelled to suspend. State Treasurer Boyer, through his attorney, J. Quincy Hunsicker, yesterday entered up his bond for $100,000 against the firm, and began two suits against B. K. Jamison W. M. Stewart, J. Henry Kershaw. Phillip F. Kelly and A. C. Plumer, trading as B. K. Jamison & Company, on that bond. The bond is dated in June last, and is for $100,000 to secure the payment of $50,000. In an affidavit filed with the bond it is averred that the amount due on the bond filed in the action and the judgment thereon is $25,000. The suit is entered against the firm and its individual members to hold them responsible for the amount due both as a firm debt and an individual debt.

8. December 5, 1890 The Cambria Freeman Ebensburg, PA
Article from The Cambria Freeman, December 5, 1890

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LOCAL AND PERSON -Cash paid for wheat and buckwheat at the Ebensburg Flour Mills of Driggs Bros. -Col. John S. Miller, formerly landlord of the Blair House, in this place, spent a few days in town during the present week. -About two inches of snow fell on Wednesday night, and along with W hat had previously fallen gives us pretty fair sleighiDg. -Messrs. Driggs Bros. are putting In two new rolls in their grist mill In this place, in addition to the new machinery put in some time ago. -Rupture cure guaranteed by Dr. J. B. Mayer, 831 Arch St., Philadelphia, Pa. Ease stonce, no operation or delay from business, attested by thousands of cures after others fall. -The Concert Roller organ at Carl Rivinius store is an instrument which every family ought to have. It is strong and will last & fatime. A child can set it and play t with ease. -Mr. Enoch Short of Carroll township, who has been absent for some time past at McKeesport. Pa., where be Is working at bridge work, passed through this place on his way home on Thursday. -For sale. One of the cosiest six-room bouses with lot 140x160 feet, having all necessary outbuildings, etc., and all in good repair. Will be sold cheap. Call on or address the editor of the FREEMAN. -We have a speedy and positive Cure for Catarrb, Diphtheria, Canker Mouth, and Headache. in Shiloh's Catarrh Remedy. A Nasal Injector free with each bottle. Use $ If you desire health and sweet breath. -Mr. Frank Gurley, of this place, has res moved with his family to Charleston, South Carolina. where he has accepted a position as clerk for a contractor on some government work that will last a couple of years. -Several loads of very superior timothy hay have been brought to town by Mr. J. J. Kaylor. The hay can be seen at the stable of Mr. Langbien, any orders left with that gentleman will be promptly filled at lowest rates. -Furs urs!-Hunters and others should remember that G. L. Fredericks, of this place, pays the highest cash price for otter. mink. red fox, grey fox, raccoon skunk, opposum and muskrat furs and skins. -J. H. Topper, a fireman on the Pennsylvania raliroad, whose home was at Derry, was almost instantly killed at Altoona 00 Saturday last. by being caught between mengine and a train of cars while making scoupling -George Hufnagle, of Barr township, Indieted for the murder of young Burke in that township some time ago, on Wednesday entered late recognizance in the sum of $6,000 for his appearance at March court. -Robert Johnston, aged about 80 years. formerly of Allegheny township, who has been an inmate of the Almshouse for several years post, died at that institution on last Sunday morning. In the days of the "old canal" the deceased was a boatman -It will very much expedite the open10g of the banking house of Johnston Buck & Co., if any of the creditors who happen to be visiting Ebensburg will call at the bank and sign the paper granting the extension. instead of waiting to be called upon. -On Wednesday night of last week, the large frame barn of Jacob Kemerer, in Franklin township. Westmoreland county, was destroyed by fire, including five head of horses, seven head of cows, a clover puller, fodder cutter, wheat, oats, corn, mows full of hay etc. The stock was all fine bred and valuable. one horse, Burton Prince, being an imported one and valued at $2,000. -Mr. John B. Hopfer, of Carroll township, residing 7 miles north of Ebensburg. on the old plank road, will sell at public at his residence on Tuesday December 16th 1890, at 10 o'clock A. M. 4 work horses; 3cows yearlings, 5 bead of sheep, 1-twohorse sted, 2 plows 2 sets of heavy harness Ifanning mill, 1 fodder cutter, 1 cutting box and large lot of other articles too numerous to mention. -Michael Dooley, who was consideras bly under the influence of liquor at the time, while eating supper at John Arms strong's restaurant in Johnstown, on Monday evening chocked to death from a piece of meat lodging in bis windpipe. The reased was about fifty years of age, bad been a resident of Johnstown, for some-eight or nine years and leaves a wife And several children in Wales. -David L. Goodman, employed as a switchman at the east end of the Altoona yard was struck by the locomotive of second section of Pacific Express on WedDesdas morning and was instantly killed. The deceased met his death in attempting to save his little -year-old son from be10g struck by the cars. The boy was crossing the track when the father, seeing his danger. started for him and was killed. The boy escaped. -The Indiana Deposit Bank, of Indiana, suspended payment on Monday, owing to the failure of B. K. Jamison & Co., of Philadelphia. The Deposit Bank has a capital of $100,000 of which Judge Harry White. owns $44 000. Judge White made astatement from the bank steps, saying that the bank was solvent, would pay dolarfor dollar. and he himself could pay the entire indebtedness of the institution with. out disturbing his real estate, and that all be wanted was time enough to turn the bank securities into money. -Mr. Evan Griffith, a well-known and respected citizen of Lilly, died at his home mibat place, on Sunday last, in the 67th year of his age. The deceased was a brother of Edward Griffith, of this place, William Griffith, of Putnam county, Ohio, John Griffith of Clearfield county, and Mrs. Sarah Davis. of Wilkesbarre. For a numDer of years the deceased was a resident of and during the term of office of ErSheriff Griffith. deceased was the warall He was highly esteemed by who alm knew him. He leaves to survive widow and six daughters, Lizzie wife of William Baxter, of Red Oak, Iowa, Mollte, Sallie wife of J G. Lloyd, of Ebensburg Mattie wite of - Shaffer, of Altoona, of Kirby, of Summerhill Downship, and Millie and Hattle who are angle and at home. -Mr. Carl Rivinius wishes to inform the public that he has taken the agency in this

9. December 6, 1890 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, December 6, 1890

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DOMESTIC. INTERNAL revenue receipts for the first four months of the present fiscal year aggregated $51,028,289, or an increase over the corresponding months of the last fiscal year of $4,245,290. AT Jersey City, N. J., on the 28th alt. John Whalen, Joseph G. Mulrain, David and Martin J. White, recently were Judge one sentenced convicted Gordon of by ballot-box Lippincott stuffing, labor to year and six months' hard in State prison. BENJAMIN WRIGHT, aged eighty-two, N. on He died had at eaten Trenton, nothing J., for the five 28th months ult. on account of stomach trouble, and was reduced to skin and bone. THE accounts of the postmaster at for the of November have days New Orleans first been twenty-two received They at the Post-office Department. show that the receipts for the period were $1,124, against $33,552 for the first twenty-two days of last year, when the lottery law was not in force. AT Lincoln, Neb., on the 28th ult. John Barlow accidentally shot H. H. of Bliss, a prominent business man Steele City, killing him instantly. THE failure of B. K. Jamieson & Co., bankers and brokers, was announced on the Philadelphia stock exchange on the 28th ult. No statement of liabilities or assets was made. MARTIN D. LOPPY, who was convicted of murder in the first degree for killing his wife on July 4th last, was on the 28th ult. sentenced to death by electroeution within the week beginning January 1891, at Sing Sing, N. Y. LYMAN MOWRY, an attorney of San Francisco whose principal clientage is among the Chinese, has just returned from China where he went in the interest of the Tehauntepec railroad. At Canton he contracted for 8,000 men to work on the raiiroad. They will be shipped direct to the field of labor. THE Extensive barrel and stave works Horn & Co., at Louis, were by fire on ult. of B. F. destroyed East the insured St. 29th entailing a loss of $75,000: for $25,000. THE officers of the Brazilian squadron visited the Executive Mansion on the 28th ult. and were received by the President and Cabinet The Brazilian Adto the a a as a miral medal, presented weighing nearly President pound, medal gold is token of friendship. The handsomely designed, bearing on one side the Brazilian coat of arms and on the other the insignia of the United States. IN a freight wreck which occurred on the 29th ult. on the Spokane branch of the Union Pacific railroad, near Pendleton, Ore., the engineer, fireman and one brakeman were killed, and another brakeman fatally injured. WILLIAM BLYTHE and Harlow Bennett, of Wolcott, with James Ferguson and Calvin F. Campbell, of Oswego, went hunting in a boat on Sodus Bay, eixteen miles from Oswego, N. Y., on the 27th ult. Two days later their boat was found on the beach and the men are missing. B. R. BROCKINGTON, the leading merehant of Hillsboro, Tex., has made an assignment, with liabilities amounting to over $100,000; assets not known. THE threshing machine men of the are in a is forming United States gigantic busily trust, which engaged it will rival in reformed A was efently pany. thought temporary American organization magnitude Harvester the Comfected at Chicago on the 29th ult. and articles of incorporation will soon be filed. THE pension appropriation bill for the next fiscal year, as agreed upon by the ap$183,173,085 propriates subcommittee having it for in the for charge, payment examinof pensions and $1,500,000 ing surgeons. GOVERNMENT receipts from allsources during November past aggregated $28,986,124, against $30,746,967 in November, 1889. AT the hearing before the Congressional Committee on Immigration in Seattle, Wa., on the 29th ult., Collector Bradshaw, of the Puget Sound district, stated thatat least fifty or sixty Chinese are smuggled across the Canadian border each month. He recommended that the Government purchase two swift steam launches to patrol the Sound. JOHNSTON, BUCK & Co., bankers at Ebensburg, Cambria County, Pa., closed their doors on the 29th ult. owing to the failure of B. K. Jamieson & Co., of Philadelphia. They promise to pay dolBar for dollar within a year. THE Bassemer plant of the Bethlehem Iron Company. at Bethlehem, Pa., has abut down for an indefinite period, throwing 1,200 men out of work. Scarcity of orders is the alleged cause of the suspension. A RECEIVER of the Knights of Aurora will shortly be appointed by Judge Hicks, of Minneapolis, owing to fraud, insolvency and unlawful practices in the management

10. December 27, 1890 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, December 27, 1890

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With Four Per Cent Inteerst. EBENSBURG, Pa., Dec. 26.-The firm of Johnston, Buck & Co., bankers, of this place, which suspended on Nov. 29, has decided to open for business to-morrow morning, having secured an extension from their creditors. The first installment of 25 per cent will be available Jan. 5, and 25 per cent of its indebtedness will be paid each six months thereafter, with interest at 4 per cent, until its debts are canceled. The bank's creditors are greatly pleased over the result.

11. December 31, 1890 The Somerset Herald Somerset, PA
Article from The Somerset Herald, December 31, 1890

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Two Banks to Resume. EBENSBURG, Pa., Dec. 20.-The firm of Johnston, Buck & Co., bankers, of this place which suspended on November 29th with liabilities of over $250,000, will open for business to-morrow morning. having secured an extension from their creditors. The first installment of 25 per cent. will be available on January 5th, and 25 per cent. of their indebtedness will be paid each six months thereafter with interest at 4 per cent. until their debts are canceled. The bank's embarrassment was caused by the failure of B. K. Jamison & Co., of Philadelphia, The bank of Saltsburg, Indiana county, which was also forced to suspend by the Jamison failure, will probably resume some time next month. The appraisers report that the assets largely exceed the liabilities.

12. January 2, 1891 The Cambria Freeman Ebensburg, PA
Article from The Cambria Freeman, January 2, 1891

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Happy New Year. -Subscribe for the FREEMAN Mr. Hershell Davis visited Pittsburg sweek. -Lehigh county has nearly $50.000 in her easury Mr. John Leighty. of Johnstown, was town last week. -Prof. T. B. Allison and family spent hristmas in Indiana. -How are you getting along with your Year's resolutions? -Mr. Harry Fenlon, of Bellefonte, was Ebensburg on Christmas Day. The Sons of Veterans held a ball in the nera House on New Year's night. The public schools of this place will be re-opened until January 5th. The FREEMAN greets its readers this in bran new dress of type. The Masons held their annual banquet the Mountain House on Wednesday. -The new county officers commence orking for the people on Monday next. -Mr. Ossle Wilkinson spent several in Indiana between the Hollidays. -Did you begin the new year with clean Some of our subscribers did not. ooks? -Messrs. Phil G. Fenlon and Joseph Blair were in Johnstown several days last The Blair county Teachers' Institue is session at Holliday sburg during the presntweek. -When you want first-class job printing I've this office a trial. Prices the most reasonable. old-time adage reads: "If Christhas day on Thursday be, a windy winter shall see." -Mr Thomas J. Williams, of this place, isted relatives In Homestead, Allegheny county. last week. -Miss Annie Maloney, who teaches chool near Wilmore, is spending her vaca(on in Ebensburg. -Mr. Olin Barker, who is attending Lafayette college at Easton, spent the holldays in Ebensburg. Mr. C. M. Parrish, of Bellefonte, is visiting his parents, Mr. and Mrs. J. D. Parrish, of this place. -Some of our people who have ice houses are now getting them filled with 12 inch fee of fine quality. -A Pittsburg rascal has been fleecing colored persons by advertising to take the kinks out of their hair. -Mr. Walter Thompson. of Johnstown, has accepted the position of foreman of the Heruld office, this place. -The Ebensburg Cornet band treated the Ebensburg people to some very fine muste on New Year's Day. -Mr. John Sechler, of the Herald office, this place, has accepted the foremanship of the Altoona Daily Mirror. -Henry McNichol was brought to jail on Thursday, charged with stealing 8 watch from William 0' Brien, of Johnstown. -An accident on the Pennsylvania railroad at Mineral Point. derailed 10 cars and an engine without Injuring any one. -Clement Jaggard, one of the oldest resIdents of Altoona, died on Friday, aged 68 years. He had been a resident of Altoona hestimoreland Paper Company's or down at West Newton Wednesday small \eause was assigned by the company. -Two Hungarians were brought to jall from Hastings, charged with being engaged in free-for-all fight at that place Christmas Day. -Messrs. John and William Shank, of Nicktown, are two of the FREEMAN'S new subscribers. They wanted the news and ofcourse made a bee line for this office. -We are pleased to note that the bankIng houses of Johnston, Buck & Co., of this place and Carrolltown, have resumed business. They opened up on Saturday last -Three of the passengers on the Branch train which stranded near Munster last Saturday night, walked all the way to Ebensburg the same evening. It took them about four hours to make the trip. -Furst Furs!-Hunters and others should remember that G. L. Fredericks, of this place. pays the highest cash price for etter. mink. red fox, gray fox, raccoon, skunk, opposum and muskrat furs and skins. -Suit has been brought by the Indiana County Commissioners against the bail of John Glbson, late Treasurer of the county, for a balance of about $400 yet due the county -It has been computed that between 36.000.000 and 37,000,000 babies are born in the world each year. The rate of production therefore, about 70 per minute, or more than one for every beat of the clock. -From Friday night until Monday morning there was a fall of snow that on the level measures about thirteen inches. Along with the old snow there is now nearly three feet of snow in the woods. -The bank of Saltsburg, Indiana county, which was forced to suspend by the Jamison failure. will probably resume some time next month. The appraisers report that the assets largely exceed the liabilities. -Judge Furst has appointed P. B. Zentmyer. of Clearfield county, receiver for the Clearfield Creek Coal Company, of which Hon. William A. Wallace is chief owner and director. and Judge Krebs of ClearMeld is president. -Capt. Samuel Kellar, a Pennsylvania railroad conductor, wo was recently elected Sheriff of Dauphin county, was about to tender his resignation to the railroad comJany, when he was granted a leave of absence for three years. -On Monday of last week John O'Toole, of Prospect, was appointed Mercantile Apgraiser by the County Commissioners. The appointment was made on the first ballot, Commissioners Kirby and Lloyd voting for Mr. O'Toole's appointment. -The appraisers of the estate of exSenator Wallace appointed by Judge Furst, on Tuesday completed their labors. The aggregate of the estate as appraised valuable It consists largely of very roal lands In Clearfield county.