4293. Chicago Savings Institution & Trust Company (Chicago, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
October 29, 1877
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
805bf5b9

Response Measures

None

Description

Bank closed and placed in the hands of a receiver (W. S. Hinckley) in late October 1877 after creditor/depositor suit; articles describe insolvency and alleged misapplication/embezzlement of funds. No run or depositor riot is reported; the bank was put into liquidation/receivership and did not resume business.

Events (2)

1. October 29, 1877 Receivership
Newspaper Excerpt
have been put into the hands of W. S. Hinckley, as receiver. This action was the result of a bill and petition filed by a depositor against C. F. W. Junge, the principal man in the institution.
Source
newspapers
2. October 29, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Petition by a depositor alleging insolvency, fraudulent preferential payments, misapplication of assets and embezzlement by officers (C. F. W. Junge and others); liabilities far exceed assets (reported ~$60,000 liabilities, ~$6,000-$8,000 assets).
Newspaper Excerpt
The Chicago Savings Institution and Trust Company ... closed its doors yesterday morning
Source
newspapers

Newspaper Articles (9)

Article from New-York Tribune, October 30, 1877

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ANOTHER CHICAGO BANK FAILURE. CHICAGO, Oct. 29.-The Chicago Savings Institution and Trust Company, corner of Madison and Dearborn-sts., have been put into the bands of W. 8. Hinckley, as receiver. This action was the result of a bill and petition filed by d depositor against C. F. W. Junge, the principal man in the institution. It 18 stated on authority that the liabilities are $60,000, and the assets only $6,000.


Article from Chicago Daily Tribune, October 30, 1877

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A Receiver Appointed for the Chicago Savings Institution. )r. Turpin Makes His Preliminary Report Regarding the Fidelity. The Chicago Savings Institution & Trust Company, a small savings-bank on the northrest corner of Madison and Dearborn streets, losed its doors yesterday morning, and sub"1] V jo one 01 permit abilities are to the neighborhood of $75,000, ut the assets are unknown. The bill under rhich a Receiver was appointed was filed by 'olkmar Week, who claims to have $2,000 in lie bank, on which h he received 7 3-10 per cent terest. The bank was organized In 1857, and 5 present Board of Trustees are Grant GoodIch, Amos T. Hall, L. 8. Greenleaf, in 'f' 'V "Hemg 3 'V Change Дола Degennardi, Swain Nelson, W.S. Powell, and : F. W. Junge. The acting President is John 1. Ragatz, and the acting Secretary and Treasrer Mr. Junge. Regatz was elected Second Ice-President, but as there Is no President or Tirst Vice-President, he has been the head of he institution. It is charged that these twolagatz and Junge-bave suffered the assets of he bank and the deposits to be wasted and usapplied to a large extent, and have permitel it to dill't Into insolvency. The Institution an now pay only a small per cent n its deposits. Since it became Inolvent Week alleges its officers have made randulent prefer ntial payments to divers PLL 10 IIIII up lie bank linte greatly duminished in value, and he others threaten to keep on in business and hus still further deplete its resources. One or note suits at law are pending against 11, to hich the bank has ho defense. and liens will be brained to the detriment of the great body of reditors unless a Receiver be appointed. Comtainant and other depositors have repeatedly emanded payment of their claims, but have een refused. Week therefore asks for the anof n Receiver and for the usual Inunction to prevent the ollicers of the bank from arther attempting to control itsultairs or transdi Its business. The bank, its officers, and Board of Directors are all made detendants. HONO IV 201K SVM NONEVERY NY affice Additional 8 10 Phone aspor 0 oon for the appointment of a Receiver. Nofee had been given the officers of the bank, and Ir. John Woodbridge appeared for them. No bjection was made to the proceedings. Mr. Voodbridge stated that the suite which had een begin last week had done grent damage, ml it would be as well to have the bank closed t once than try to pull through. Some disussion followed AA to the man to be appointed 9 Receiver, and floally Mr. W. S. Hinkler, a apitalist, was selected. Ilis bond was lixed at 10,000. Messrs. Barker, Buell & Barker apeared for the complainant. Mr. C. F. W. Junge, the sole manager and ontroller of the institution, made the followin statement to the writer resterday, with the sistance of his attorney. Mr. Woodbridge:


Article from The Hillsdale Standard, November 6, 1877

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The Chicago Savings Institution and Trust Company has been put in the hands of receiver. Liabilities, $60,000; assets, $6,000. A new short route from Chicago to Texas has just been arranged by the Chicago and Alton and the Iron Mountain roads. A Toledo agent for Texas lands addressed public meeting of Morenci citizens, but they failed to "enthuse" over the tempting inducements. A man named Samuel Ridenberg who forged notes and checks while selling pumps and windmills for a Nebraska dealer a year ago, has been captured in San Francisco and taken back to Lincoln. Thos. Whitaker has been fined $1,000 for libeling a man in the Gatling Gun, a newspaper of Pittsburg recentl suspended by the authorities. He has served out one sentence in the penitentiary for perjury. Mr Tilden states the entire truth when he says he hasn' studied politics during his absence. In his recent speech he commenced precisely where he left off just previous to his departure for Europe. Petitions have been presented in the House by Congressman Brentano, of Chicago, favoring law to give pecuniary aid to poor men who desire to go on homesteads and have insufficient means for starting. They are signed by about 10,000 workingmen of Chicago. Mayor Ely, of New York. received an appeal from the Mayor of Fernandina. The appeal says 800 families must be supported before business can be resumed. They had on hand $300, and they require 7,000 to keep the well from starving and to supply the sick with necessaries, The appointment of Henry W Hilliard as minister to Brazil is likely to be revoked on account of the active part he took in furthering the secession cause in the early part of war. Some documents have been brought to light giving unexpected testimony as to what his interests were during the war. A special from Fernandinasays: "We are compelled to furnish food to 800 families, business being entirely suspended. There is no other way of keeping the people from starving, and the people from starving, and no better times are probable until December The total number of deaths to date have been 91. A revenue cutter arrived at Sitka on the 17th, just in time to rescue the place from the Indians, who were holding a drunken pow-wow. and had begun to demolish the barricade about the town. The whites were exceedingly alarmed, and consider that the timely arrival of the vessel saved them from slaughter at the hands of the reckless savages. The price of American wheat in Great Britian has experienced a slight decline since the last report by the Mark Lane Express, due chiefly to heavy arrivals from Russia and to heavy shipments on the way from American ports. The total imports for the last 16 weeks were over 6,000,000 quarters. Snow has set in the north of Scotland and farmers are hurrying up with their fall sowing. Returns from 24 leading railroads show falling off thus far in the year, as compared with last season. Two, the Chicago & Northwestern and the Milwankee & St Paul, made a handsome increase this September as compared with the previous one, but the other roads had the most disastrous month known for years. Only three of them paid dividends last year and 17 had deficit. The new committees in the house will have four republicans to seven democrats. They have not yet been announced and Speaker Randall is reported to say that he does not think that the democrata will be pleased with the selections he has made. The republican members of the committees are not all selected. There has been insiderable trouble over the selections as about 90 members are new and unknown. The Sitting Bull commission is considered by Secretary Schurz to have been successful, although it did not secure the return of that savage. The effort to call him back was undertaken chiefly out of courtsey to the Canadian government, which wished to have him induced to return if possible. He is given to understand that if he allows his bands of young men to cross the line and commit depredations, he will get himself into trouble. A certain class of papers seem inclin. ed to contend that because one a ex-rebel has been appointed to high position, all the rest of the places in the disposal of the Administration should be bestowed upon ex-rebels without protest. Possible there are living few men who were loyal to the Government during the war, and who are capable of filling some of these offices with credit to themselve and an adyantage to the country. The regulars who have been station. to ed at Wilkesbarre started to return to their posts Wednesday. Two companies to Ft. Porter at Buffalo, three to Ft Wayne, Detroit, two to Ft. Mackinaw and two to Ft. Brady at Sault St. Marie Companies of the Third and Fifth artilery go to southern points to-day. The mines at Wilkesbarre are in operation, but the Laucerne coal fields are liable to be come the fields of trouble. In the trial of riot cases at Pittsburg, Wednesday, A. Murray, aged 16, convieted of having stolen property, firearms and amunition, in his posession was sentenced for three years, Toll Gallaher, another of the rioters was convicted of receiving stolen goods, and pleaded guilty to charge of lare. eny, and sentenced to a fine of one thousand dollars and six years in the penitentiary. Gallaher was among those who sacked the gun store of Jas. Brown on the night of the riot. The Tribune says the report of the Chief of the Burean of Statistics shows that the total commerce of the United States for the nine months ending September 30th,in merchandise, was $796, 000,000, an increase of 858,000, 000 over the same period of last year. The exof the export of specie over the import this year is $24,800,000. Last year was $37,800,000. The balance of trade remains largely in favor of the United States. About five-eights of the foreign trade appears to have been transacted through the port of New York.


Article from The Forest Republican, November 7, 1877

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UMMARY OF NEWS. Eastern and Middle States. Ex-Congreseman Sobieski Ross committed suicide by shooting himself at his residence in Condersport, Ps. He had been in ill health for some time. The National Liberal League met in Convention at Rochester, N.Y. F. E. Abbott, of Bos. ton, was elected president. Among the forty vice-presidents elected were many prominent men from all partsof the country. A platform was adopted advocating a total separation of Church and State, national protection for national citizens, and universai education on the basis of universal suffrage. The New Jersey Presbyterian synod concluded its labors after a five days' session at Newark. The Philadelphia grand jury found a true bill of indictment against John S. Morton, the defaulting pres dent of the West Philadelphia passenger railway, and also against the secretary and treasurer of the company. The bill charges them with conspiring to defraud the company out of $200,000, and another bill accuses them of embezzling $200,000, the property of the company. Morton was taken into custody. According to a dispatch from New Bedford, Mass., late arrivals from the Arctic regions announce that the whaling veesels Three Brothers and W. A. Farnsworth have been lost in the ice, and the whaling fleet appears to have had unusual trouble in battling for safety. Moore's cooper shops and keg factory at Pittsburg. Pa., were destroyed by fire, causing a loss of $30 000 no insurance. A few minutes la er, a stable was burned on Cliff street. and about twenty minutes after the Clancy cooper shop was destroyed by fire. These fires were all of incendiary origin and they were thought to be the result of a concerted effort to destroy that city. Eight months after the death of Edward Southworth, treasurer of the Brocton (Mass.) savings bank, an investigation into the affairs of this institution disclosed that by his operations $80 000 had been wrongfully spent. Edwin Adams, the celebrated actor, died of consumption at Philadelphia. Louise A. Bowen, a girl aged twenty years, discovered Benjamin F. Muzzy in her room at Norwich Falls, Conn., and, mistaking him for a burglar, struck him six times over the head with a base ball club inflicting fatal injuries. Mr. Moody, the evangelist, will devote December to revival work at Providence, R. I. More cigar manufactories in New York have yielded to the demands of their striking employees. An unknown negro was standing in front of a hotel in Red Bank, N. J., dancing, when an officer ordered him to move on. Upon his refusal to comply the officer arrested him. On the way to the station house a companion of the prisoner handed him & pistol, whereupon he shot the officer, and turning upon the crowd fired into it, mortally wounding one man and seriously injuring another. After emptying the seven chambers of the pistol the man fled. Three students of Rutgers College, New Brunswick, N. J., were arrested and locked up for burning college property. The striking cigar makers of New York held a mass meeting at Cooper Institute. An immense throng of men and women were present, and it was decided to hold out until their demands were acceded to. President Eliot, of Harvard College, was married to Miss Grace Hopkinson, at Cambridge, Mass. The Protestant Episcopal Church of the United States held the first business session of its fourth annual congress in New York, Bishop Odell, of Ohio, delivering the preliminary address. At a meeting of the board of directors of the Pennsylvania railroad, held in Philadelphia, it was resolved not to pay any quarterly dividend at present, in order to make up for the losses of the Pittsburg riots. P. F. Lynch and wife were injured 80 severely by the explosion of a kerosene lamp at their residence in Wilkesbarre, Pa., that Mrs. Lynch died on the following day. Western and Southern Stat es. Anunknown person entered the house of E. S. McVey, toll-gate keeper on the Circleville Opike, six miles north of Chillicothe O., and shot McVey through the heart and his wife through the head, killing both instantly. A little girl, the only other occupant of the house, hearing the shooting. jumped out of bed and escaped. The murderer, after ransacking the house for plunder, set fire to it and escaped to the woods. General Bedford Forrest, the well-known Tenn. Confederate cavalry officer died in Memphis, The Chicago Savings Institution and Trust Company has failed and been put into the hands of a receiver. A passenger train on the Utah Central railroad was lifted from the track and turned upside down by the wind, and a number of persons were more or less severely injured. President Hayes and members of the cabinet went to Richmond, Va., to attend the State fair. The were welcomed to the city by acting Mayor Meredith. and addresses were delivered by the President, Secretaries Evarts, Sherman and Thompson, and Attorney-General Devens, after which a procession was formed embracing all the white and colored military organizations of the city, several visiting companies, the fire department, city officials and thousands of citizens in carriages and on foot. In the evening the President held a reception at the Exchange Hotel. A meeting of the American Association of Short-horn Breeders was held in Lexington, Ky., and delegates from all parts of the country were present. President Hayes and party visited the Virginia State fair at Richmond, and were welcomed by Governor Kemper. In the evening the President held a State reception at the governor's residence. From Washington. Secretary Sherman, at a Cabinet meeting, stated that the government expenses were running behind the receipts, and that this decrease in income demanded the most rigid economy in ordinary expenditures. The annual report of the commissioner of patents states that the number of patents applied for from October 1, 1876, to October 1, 1877, was 18,629; trade marks registered, 1,324; labels registered, 579. The number of patents allowed, but not issued on account of failure to pay the final fee, was 4,271; patents issued, 14,242; trade marks and labels, 1,517. This shows a decline of about 1,000 in the number of patents insured as compared with the previous year. No radical change in the United States patent system is contemplated at present. A bill recently introduced in the Senate by Mr. Howe provides that no cattle, sheep, swine or other animals shall be confined in any railway car boat vessel for Jonger


Article from The Eaton Democrat, November 8, 1877

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5-20 bonds matured, amounting to $40,000,000. The amount redeemed and paid for by gold check was $33,000,000. This included scattering bonds of other calls that had not previously come in. This amount, together with the coin deposited in the Treasury by the syndicate, will enable the Secretary to place $45,000,000 of 4 per cent. bonds in the public debt statement lately issued. It is expected the debt statement will show a reduction of about $3,000,000, General A man named Tabscott was shot three times a few mornings ago, by Sheriff Flood, of Clark County, III., at Darwin, on the Wabash River, and died at four o'clock. He was under indictment for robbery and resisted arrest. Tabscott was a noted criminal and killed a citizen in Terre Haute, named Alex. Thempson, some time ago, The Chicago Savings Institution and Trust Company, corner of Madison and Dearborn Streets, has been put into the hands of W. S. Henckley as receiver. This action was the result of a bill and petition filed by a depositor against C. F. W. Junge, its leading man. It stated on authority that its liabilities are $60,000 and assets only $5,000. A passenger train on the Utah Central Railroad, coming south in the forenoon, when near Farmington, was lifted from the track and turned upside down by the wind. Two passenger cars and the baggage car were urned over. Coals from the stoves were scattered through the cars, but the fires were put out before any damage was done. Several persons are badly hurt, but are expected to recover. A special from East Liverpool, Ohio, says: Ralph Wintergill, of that place, cut his wife's throat with & razor, causing her death in a few minutes, and then gashed his own throat, severing the windpipe, and inflicting a wound which will probably result fatally. Husband and wife were about forty years old, and have not lived amicably togetherfo some time past, owing to jealousy on the part of the husband, who intimated that the alienation of his wife's love from him was the cause of the tragedy. General Forrest, the Confederate soldier, is dead. John Welsh, of Philadelphia has been ap pointed Minister to England by the President. He is a merchant of Philadelph ia, and a brother of William Welsh, late one of the Board of Indian Commissioners. He is about seventy-two years of age, and has made alarge fortune in the sugar importing business. He has never held office of any prominence, outside of local Philadelphia polities, and is better known to the public as President of the Board of Finance of the late Centennial Exhibition, and one of the mostactive promoters of the success of the exhibition. In politics, Mr. Welsh has always been a thorough going Republican, supporting all the State and National measures of that party. Atthe same time he has never been identified with the Cameron division in the management of State affairs. President Hayes visited the Virginia State Fair on the 30th ult. He met with a cordial reception at Fredericksburg and Richmond. The explosion of a boiler in the saw-mill of Shoemaker & Powell, at Shepherdsburg, Pennsylvania, killed the son of Mr. Shoemaker and a man named Bowers, and wounded two others. Ex-Mayor A. Oakey Hall has returned to New York from his foreign tour. He says: So long as my brain will hold out I shall resist every attempt to make it appear that a former Mayor of this great city deliberately planned and carefully executed and profited pecuniarily by a criminal conspiracy. All there can beto say about the mode of my leaving is that no person whatever knew of it, directly or indirectly, and that as I now know, I had not for a long time prior been myself. With the strange absence the ring troubles have nothing proximately to do. Of course there has been a great strain upon my brain and will power during the SIX years in which these tronbles have been uppermost in the public mind. I principally regret that so much romance became necessary to invent, and especially to the disparagement of innocent individuals." Earthquake shocks were reported in the New England States on November 4, early in the morning. Rev. Wm. H. Wyckoff, Secretary of the American Bible Union, dropped dead lately in New York City, while taking his customary bath. The wife of Stephen May, of Mechanicsville, New York, left her house, taking her four children and throwing them into a creek, and following herself. The eldest child, aged nine years, got ashore, raised an alarm, and the mother and one child were rescued. A brakeman in the Colinwood yards of the Lake Shore Railroad at Cleveland, was literally cut to pieces by falling in between the freight cars while they were in motion. When found he was dead. One arm lay outside of the track, cut completely off. His brains lay scattered in a confused mass on the crossties. His head was mashed into jelly. The balance of his body lay inside the track, one leg being severed from the body. It is supposed that a sudden movement of the train threw him between the cars while he was standing near the end of the cars. Michael Cavanagh, aged thirty-seven, of No. 47 Thomas Street, New York, a printer on the Herald, was murdered the other evening by Bridget Cruse, his paramour. They had quarreled, being intoxicated, and the man left the house, followed by the woman, who stabbedjhim with a butchreknife. The woman was arrested. At Canton, Ohio, a few mornings since, J. H. Ecker, residing in the First Ward, built & fire in his cook-stove. Shortly after there was a fearful explosion. It is supposed that some time during the night powder had been deposited in the flue from the outside by some malicious person. The


Article from The Milan Exchange, November 8, 1877

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# WEST AND SOUTHWEST. The Missouri Supreme Court has rendered a decision favorable to Metcalfe, Republican, in the Congressional contest in the Third Missouri District. The Chicago Savings Institution and Trust Company has gone into liquidation. It is stated on authority that the liabilities are $60,000 and the assets only $6,000 The funeral of Gen. Forrest took place at Memphis on the 31st, the Rev. Dr. Stainback, who had been a private soldier under Forrest, officiating. Among the pall-bearers were Gov. Porter, Jefferson Davis, Jacob Thompson, and other distinguished ex-Confederates. Business generally was suspended throughout the city during the ceremonies. The remains were interred at Elmwood with the Odd-Fellow rites and military honors. Sylvanus Burnham, a young man in the employ of Burgoyne Tritt, a wealthy farmer living near Sandford Station, about eight miles west of Terre Haute, Ind., on the night of the 30th ult. murdered the daughter of his employer, a young lady 18 years old, set fire to the house, which was burned to the ground, and fled. Burnham had aspired to the hand of the young lady, and, his suit being rejected in favor of another, he revenged himself in this diabolical manner. Judge B. T. McDonough and Col. T. M. J. Richardson have been arrested at Houston, Texas, for alleged complicity in the great Texas land swindle. Senator Morton died on the 1st inst., at his home in Indianapolis. His last words were: "I am dying; I am worn out." Senator Morton was born in Wayne County, Ind., Aug. 4, 1823, and was therefore in his 55th year. He became Governor of Indiana in 1860, and was re-elected in 1864; in 1867 was elected to the United States Senate, and re-elected in 1873. For 17 years Senator Morton was a recognized leader of the Republican party, and occupied a most prominent position in public affairs. His funeral was appointed for Monday, the 5th, and all State and municipal offices were ordered closed on that day in respect to his memory. Hammond's extensive flouring mill, a Fostoria, Ohio, was almost totally wrecked by the explosion of the boiler on the 1st. Henry Wilson, fireman, and Johnny Brown, a lad of 15, were instantly killed. A severe snow storm occurred throughout Northern and Central Iowa on the 1st. Complete official returns from the Ohio election show the following result on Governor: Bishop (Dem.), 271,625; West (Rep.) 249,105; Bond (Workingmen), 12,489; Thompson (Prohib. and Greenb.), 4,836; Johnson (Workinmen's fusion), 16,912; scattering, 93. Bishop's plurality over West, 22,520. At Wilton, Wis., on the night of the 1st, the house occupied by Mrs. Wm. Van Vorhees was discovered to be on fire, and the neighbors, upon effecting an entrance, found Mrs. Van Vorhees and two of her children lying dead in bed, while another, the eldest, also dead, lay by the bedroom door. All were frightfully burned. It was supposed that the mother killed her children and then committed suicide, and all four were probably dead before the flames reached them. The fire is supposed to have been accidental. Mrs. Van Vorhees had been deserted by her husband, and had often threatened to take her own and her children's lives. The last spike on the Burlington, Cedar Rapids and Northern Railroad was driven at Albert Lea, Minn., on the 5th, completing the through line from St. Louis to St. Paul. A severe gale on the night of the 2d caused great damage to shipping on the Northern lakes. The steamer Bismarck was burned at St. Louis on the 2d, while undergoing repairs to fit her for the Southern trade. She was built in St. Louis in 1867, was valued at about $35,000, and insured for about $16,000. Capt. John Spane was her commander and principal owner. Tom Staner was hung at Benton, Saline County, Ark., on the 2d, for the murder of his aunt, Mrs. Mack Staner, and another lady, Mrs. P. Taylor. The latter was visiting Mrs. Staner at the time of the murder, which was committed for the purpose of robbery, during the absence of Mr. Staner. The murderer made a full confession of his guilt prior to his execution. Owen Wright, colored, who brutally outraged a white married lady near Crawford, Ala., was taken from jail by a party of one hundred citizens, who carried him to the woods and, it is said, burned him. His victim fully identified him. Mr. Allen C. Lewis, of Chicago, recently deceased, left the larger portion of his fortune to Trustees for the purpose of founding in that city a Polytechnic School, to be known as the Lewis Institute. The present value of the bequest is estimated at $650,000, and he directs that this shall be allowed to accumulate until it amounts to $800,000, when a suitable building shall be erected. The funeral of the late Senator Morton took place at Indianapolis on the 5th. The Court-house, where the body lay in state, the late residence of deceased, and the church where the services were held, were all appropriately draped and profusely decorated with floral tributes, the offerings of friends from far and near. A large number of distinguished persons were present, among them Senators Davis, Burnside, Bayard, McDonald, Cameron of Pennsylvania and Booth; Representatives Banks, Cobb, Townsend, Burchard, Davidson and Hanna; the Secretary of War, Secretary of the Navy, Attorney-General, Burchard Hayes, son of the President, ex-Gov. Hendricks, Gov. Williams, Hon. B. H. Bristow, Gen. John M. Harlan, Gov. Young of Ohio, Gov. Cullom of Illinois, and many others. Dr. J. H. Bayless delivered a eulogy upon the deceased. The funeral cortege was very large and imposing. The remains were deposited in Crown Hill Cemetery.


Article from The Jasper Weekly Courier, November 9, 1877

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WEST AND SOUTHWEST. The official returns of the Ohio election show the following result on Governor: Bishop, Democrat, 278,213; West, Republi. can, 249,031; Johnson, National Greenback, 16,703; Bond, Workingmen's party, 12,515; Thompson, Temperance, 4,856; scattering, 183. Bishop's plurality over West, 24,182. Twogood & Elliott's private bankinghouse at Marion, Iowa, has suspended with liabilities amounting to $150,000. Assets not known. Wesley Geyer, a suspected horse-thief and bad man generally, was warned by his neighbors at Greenville, Darke County, O., to leave the town, and failing to de so, he was called from his house on the night of the 24th by a party of masked men and riddied with bullets. Geyer had been for 20 years a resident of the town, was a property owner, and had a wife and seven children. Dr. William E. Munsey, a noted preacher of Jonesboro, Tenn., died suddenly on the 23d, while on his knees by the bedside, engaged in prayer. A horrible double murder, committed doubtless for the sake of rubbery, occurred about six miles north of Cincinnati, on the Circleville pike, on the night of the 26th. The victims were Edward McVey and wife, aged about 70 years each, and they kept the toll-gate at that place. The only other oceupant of the house was agiri named Alice Dean, aged 15. She was awakened by the firing of pistol-shots in the adjoining room, occupied by the old folks and was so badly frightened that she got up and crawled under her bed. While lying there, shivering with terror, a man came into her room and searched through the bureau-drawers, but went away without having discovered her. After all had become quiet she jumped out of the window, ran to a neighbor's and gave the alarm. Several persons bastened to the toll-gate, and upon entering the house found the old man lying upon the floor with a bullet through his head, and the old lady partially reclining in a chair, shot in two places. Both were dead. The murderers had attempted to cover up their crime by burning e the house, but failed in their purpose. Rea wards aggregating $2,500 were offered for the arrest of the murderers, and several e suspicious parties were taken up for examination. . Grover Kennedy, a notorious Kentucky $ outlaw, was captured by Marshal Hunter and a posse of 12 men, near Bardstown, on the 27th. Senator Morton was reported sinking on d the 28th, and his physicians had given up all hope of his recovery. h Returns from all the counties in Iowa, ex10 cept Lyon, in which the vote is very small, an give Gear (Rep.), 121,267; Irish (Dem.), 79,or 134; Stubbs (Greenback), 33,503: Jessup (Prohib.), 10,437. Gear's majority over Irish, t, 42,123. The Legislative returns show that 1, al the Republicans will have a majority of 71 on joint ballot. rt The Missouri Supreme Court has overe: ruled the decision of the Circuit Court, by by which the Hannibal and St. Joseph Railry road was placed in the hands of a receiver, and the regular officers of the road have been reinstated. Gen. Bedford Forrest, the famous Confederate cavalry officer, died at the residence al of his brother in Memphis, on the 29th ult. es At East Liverpool, O., on the 30th, Ralph Wintergill cut his wife's throat with a razor, causing death in a few minutes, and them gashed his own throat, severing the wind pipe and inflicting a fatal wound. The hus1band and wife were about 40 years old and nd had not lived amicably together for some as time past, owing to jealousy on the part of E the husband, who intimated that the alienation of his wife's love for him was the cause & of the tragedy. rk The Missouri Supreme Court has rendered a decision favorable to Metcalfe, RepubiHean, in the Congressional contest in the e, Third Missouri District. e, The Chicago Savings Institution and Trust ie, Company has gone into liquidation. It is stated on authority that the liabilities are le. r$60,000 and the assets only $8,000


Article from The Abbeville Press and Banner, November 14, 1877

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company out of $200,000, and cuses the m of embezzling $200,000, the E erty of the company. Morton was taken custody. According to & despatch from New Bed Mass., late arrivals from the Arctic regions nounce that the whaling vessels Three Brot and W. A. Farnsworth have been lost in ice, and the whaling fleet appears to have unusual trouble in battling for safety. Investigation developed the fact that t was a deficit of $80,000 in the accounts of savings bank at Brockton, Mass., which been enjoined from doing further business, that the loss of this amount was due to operations of the late treasurer, Edward So worth, who died about eight months ago. Benjamin F. Muzzey, a pistol maker, fatally injured at Norwich Falls, Conn. being struck six times with a base ball clu the hands of Louisa A. Bowen, a girl of a twenty years, who discovered him in her I and took him for a burglar. Edwin Adams, the well-known actor, die consumption at Philadelphia. The cooper shops and keg factory of I Moore at Pittsburg, Penn., were totally stroyed by fire. Loss, $30,000; no insurs A few minutes later & fire broke out on street, in a stable, which was destroyed, this was followed in about twenty minute the discovery of flames in Clancy's co shop, which was also completely destro The fires were all incendiary, and it is tho there was an organized attempt made to the city. William Lloyd Garrison has written a 1 to Judge Pitman, of Massachusetts, in W he denounces the President's Southern po The steamship Idaho arrived in New with 137 Mormon converts. At Red Bank. N. J., a negro was arrested disorderly conduct, and while being mar to the lock-up he suddenly turned upon officer and shot him down with a revolver. then emptied his pistol into the surroun crowd, wounding two other men, one of t fatally, and fled. Mr. Moody will hold a series of reviva Providence, R. I., during December. The first business session of the fourth nual congress of the Protestant Episc church in the United States was held in York, the opening address being delivered Bishop Odell, of Ohio. studentsof Rutgers College. New Br wick, N. J., were arrested and locked up night for tearing up and setting fire to p walks belonging to the college. A large mass meeting was held by the 6 ing cigar makers of New York-male an male-and it was resolved to hold out until employers acceeded to their demands. The marriage of President Eliot, of Har College, and Miss Grace Hopkinson, took I at Cambridge, Mass. At meeting of the board of directors of Pennsylvania railroad, held in Philadelph was resolved not to pay any quarterly dend at present it. order to make up for losses of the Pittsburg riots. P. F. Lynch and wife were injured 80 verely by the explosion of a kerosene lam their residence in Wilkesbarre, Pa., that Lynch died on the following day. Western and Southern States. The Women's Christian Temperance Ur in session at Chicago, selected Baltimore as place and October, 1878, as the time for the meeting. An unknown person entered the house o S. McVey, toll-gate keeper six miles from licothe, Ohio, and shot McVey through heart, and his wife through the head, ki both instantly. The murderer, after rans ing the house for plunder, set fire to it and caped. The failure of the Chicago Savings Ins tion and Trust Company is announced. The death of General Forrest. the well-kn Confederate cavalry officer, took place at M phis, Tenn. A special train took President Hayes members of the cabinet to R chmond, Va. an excursion to the State fair. They were comed in a speech by Judge Meredith, ad mayor, to which the President responded, addresses were also delivered by Me Evarts, Sherman, Thompson and Devens procession followed, consisting of all the V and colored organizations of the city, the department, the city authorities and gui and hundreds in carriages, and thousand foot. The pageant was witnessed by 50 people. In the evening the President he popular reception in the parlors of the change hotel. A passenger train in Utah, consisting of eral cars, was thrown from the track and tu completely over by a gust of wind, and a ber of persons were injured more or less gerously. The public school building at Chariton, I was burned. Loss, $25,000 insurance, 000. A meeting of the American Associatio Short-horn Breeders was held in Lexing Ky., and delegates from all parts of the c try were present. President Hayes and party visited the ginia State fair at Richmond, and were comed by Governor Kemper. In the eve the President held a State reception at governor's residence. From Washington. Secretary Sherman, at a Cabinet mee stated that the government expenses were ning behind the receipts, and that this decr in income demanded the most rigid econon ordinary expenditures. The annual report of the commissione patents states that the number of patents plied for from October 1, 1876, to Octob 1877, was 18,629; trade marks registered, 1 labels registered, 579. The number of pat allowed, but not issued on account of fa to pay the final fee, was 4,271; patents iss 14,242; trade marks and labels, 1.517. shows a decline of about 1,000 in the nur of patents issued as compared with the vious year. No radical change in the Ut States patent system is contemplated present. It is said that an effort will be made winter to induce Congress to abolish the of pension agent and provide for the payr of pensions by checks directly from the Ur States treasury. A bill recently introduced in the Sena Mr. Howe provides that no cattle, sheep, 8 or other animals shall be confined in any road car, boat or vessel for a longer period twenty-four consecutive hours, without unl ing the same for rest, food and water f period of at least seven consecutive h unless prevented by accident. The present allows them to be confined twenty-eight secutive hours, and provides for five hours only. The President has nominated Edwin Stoughton, of New York, to be our minist Russia Theodore Roosevelt, collector of toms; Edwin A. Merritt, surveyor, and 1 Prince, naval officer for the port of New y and James Lewis to be naval officer at


Article from Chicago Daily Tribune, November 28, 1877

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THE BANKS. ALL quier. A reporter visited all the suspended banks, National as well as savings, yesterday, but was hardly compensated In Information for the wear and tear of his constitution and shoo-leather. At the Third National, Mr. Watson was seen. He knew of nothing. No Receiver had yet been appointed. It seems, however, that telegrama have been received from Washington, stating that Huntington A. Jackson will be the successful one. Ills papers have not been made out, but they are expected here by Thursday. Regarding the Receiver of the Central, rumor bath It that Mr. Burley is the man. But he has no advices to that effect, nor could the roport be verified. As is known, he is now in charge of the bank. He has enough cash on hand to pay a dividend of 20 per cent at once. The creditors of both the Central and Third will, in time, certainly get 100 cents on the dollar. Absolutely nothing was obtainable at the savIngs banks,-that is, as to collections, dividends, etc. A female depositor dropped into the State about 1 o'clock and asked for "tho clerks." This a pretty bank." said the woman. " It is a smashed bank," rejoined the reporter. " Yes, remarked she, and I would like to get hold of some of them, wouldn't 1 smash 'em." "Them" was indefinite, 80 the reporter, not wishing to be mistaken for a bank employe, pointed out Judge Otis and Mr. Chamberlain, and withdrew. Both the gentlemen named were whole last night. There is a noticeable falling-off in the crowd at the Fidelity, though the drawing of the 10 per cent was pretty steady all day. Only a third of the depositors have thus far received what is due to them. Many, perhaps, do not yet know that the institution is in liquidation. Dr. Ward, of the Beehive, Was notified in the afternoon that the Committee appointed by the depositors will come to see him again this morning. These centlemen say they are after the fellows who hold their beads high, though they are deeply in debt, and they purpose exposing them to the community. One of the Committee, whom a reporter saw yesterday, said he didn't think any harm would be done by publishing the names of the bank's debtorsthat the money was due, and would have to be paid. W. S. Hinckley, Receiver of the Chicago SavIngra Institution & Trust Company, filed a petition yesterday setting out that among the assets of the bank are some office furniture, collectable debts, and Incumbered real estate. The debts ought to be collected and the other property sold, in his opinion, and Judge Moore gave him leave to do as he wished in the matter. John C. Winterbotham, one of the stockholders of the Fidelity Savings Bank, who has been sued by the Receiver of the bank to recover ou his statutory liability, filed his separate answer yesterday. No deals in glittering generalities, denying vaguely that he la under any moral or legal obligation to pay any of the debts of the corporation, and claiming that he was not one of the original stockholders, but purchased bis stock at the Instance of some parties connected with the management of the bank