4318. City National Bank (Chicago, IL)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 818
Charter Number: 818
Start Date: April 24, 1876
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 10162233

Response Measures

Full suspension, Books examined

Other: Voluntary liquidation by stockholders; receiver later appointed and assets liquidated/settled with creditors.

Description

Contemporary dispatches (Apr 24–27, 1876) report a run/heavy withdrawals that forced the City National Bank of Chicago to close its doors and that stockholders decided on voluntary liquidation. A Receiver is referenced by September 1876 and is active by January 1877; assets are being liquidated and creditors settled — consistent with suspension followed by permanent closure/receivership.

Events (3)

1. April 24, 1876 Run

Cause Details: Heavy withdrawals / a run on the bank that drained cash; articles do not specify a discrete rumor or other specific trigger.
Measures: Stockholders decided to close the doors and go into voluntary liquidation; announced need for time to convert assets to meet claims.
Newspaper Excerpt: The City National ... closed the doors ... owing to the continued drain which has been made in its cash resources; ... owing to a run, has suspended
Source: newspapers

2. April 24, 1876 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors/stockholders voted to suspend payments and enter voluntary liquidation because they could not convert assets quickly enough to meet heavy withdrawals.
Newspaper Excerpt: A notice on the door states that the stockholders have decided to go into voluntary liquidation ... it has been found impossible to convert the assets speedily enough to meet the continued drain ...
Source: newspapers

3. September 1, 1876 Receivership

Newspaper Excerpt: Applications continue to come in for a nomination of Receiver to the City National Bank. The Comptroller has not, however, decided to appoint a Receiver. ... Mr. Walworth, the Receiver, is doing all he can ... and thinks he will liquidate all the claims against the bank in twelve months (Sep 1, 1876).
Source: newspapers

Newspaper Articles (21)

1. April 25, 1876 Gold Hill Daily News Gold Hill, NV

Article from Gold Hill Daily News, April 25, 1876

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LATE TELEGRAMS. MASTEEN Blatme's Dontal. WASHINGTON, April 24.-In the House Blaine made a personal explanation regard to newspaper charges connectin him with the Union Pacitic Railroad. ing declared that every part of the story the He connected his name with was absolutely of to out transaction which one particle foundation untrue, evidence in with- fact, without a tithe of sustain and it. Blaine's speech was delivered very impressively from written slips, atand was listened to with eager ttention by every member and person the crowded hall. As he conwas a murmur sides of the hall, one within cluded from both there of and applause mom- of of prominent Democratic the rebers a group having temporary seats near porter exclaimed as he finished his asseveration of innocence: "I believe every word of it." To which others plied: And so do I." Riots in Barbadoes. LONDON, April 24.-A dispatch occurred from Barbadoes says riots have throughout the island plantations, des. and houses are sacked, animals that and an enormous destruction the of troyed indulged in. Over forty of are have been shot. The employed. The city of threatened, business is families are seeking property rioters ed, actively town and is rioters troops the suspend- Bridge- ship- say for protection. The for ping have the Governor's sanction of their they action. The immediate recall is the Governor, John Pope Hennessy, required to save the colony. Chicago Bank Failure. April 24.-The City Na. CHICAGO, Bank, cash capital $14,000,000, tional its doors this morning. The closed the doors says the stockholders tice on decided to go into voluntary liqui- fushave as the best means of doing that dation all the creditors of the bank; tice has to been found impossible to convert the it assets speedily enough to meet of continued the drain which has been made in its cash resources, and that late opinion on of the directors the assets if will the be ample to pay all liabilities short creditors will give the officers a turn themselves. The cashier of time the to entire liabilities, exclusive is says capital stock, are $800,000, which the deposit This amount is sur- secured mostly by assets, making a nominal over all liabilities of about $130,- other 000, plus nearly all collectable. No banks are affected by the failure. The Money Spent by Davempert. WASHINGTON, April N.-Ex-Attorney the General Ackerman appeared before Committee on Expenditures in the Department of Justice to-day, and testified John that he authorized the payment to J. Davenport of certain sums of money defray expenses for the suppression of to frauds in the New York elections. the He was asked if he consulted with He President before paying the money. he desired time to consider what reply till would make and he was allowed morning to answer. Henry Ward Heecher Once More. NEW YORK, April 24.-As the accusers of Henry Ward Beecher failed to bring the life the Scandal Commission, Examining into Committee have requested the committee of three, appointed by late Advisory Council for that purpose, commitform the commission. The to have agreed to do so. Shearman thus tee the Examining Committee persays challenge the statements of several that there was testimony not yet the sous and invite them to furnish claimcommission heard, the names of persons ing to possess such information. Belknap Has Net Confessed. WASHINGTON, April 24.-Belknap has written a letter to a friend denying in positive terms that he has made any the confession whatever concerning Fort charges against him relative to the post-tradership.

2. April 25, 1876 The Cheyenne Daily Leader Cheyenne, WY

Article from The Cheyenne Daily Leader, April 25, 1876

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ILLIN OIS. Another Bank Suspension. Chicago, April 21.-The City Na. tional bank of this city failed this morning. Its cash capital was $250,000. A notice on the door states that the stockholders have decided to go into voluntary liquidation as the best means of doing justice to all the creditors of the bank and that it has been found impossible to convert the assets speedily enough to meet the continued drain which has been made of late upon its cash resources; that in the opinion of the directors the assets will be amply sufficient to pay all liabilities, provided the creditors will give the officers a short time in which to turn themselves. The entire liabilities exclusive of the capital stock are $800,000. This amount is secured by the assets, making a nominal surplus over all liabilities of about $130,000.

3. April 25, 1876 New-York Tribune New York, NY

Article from New-York Tribune, April 25, 1876

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A Chicago dispatch announces that the City National Bank of that city suspended to-day. The capital of the bank is $250,000. The Panama Transit Steamship Company have recolved a dispatch from Capt. Morton announcing the arrival of their steamship South Carolina at Panama in 46 days, having made one of the quickest run8 on this voyage, of some 12,000 miles, on record. This ship connects with steamer Crescent City, which sailed from here on Saturday, at the Isthmus, for San Francisco. We are in receipt of a note from the Secretary of the Ohio and Mississippi Railway Company stating that the Company is not selling its second consolidated bonds. and has none for sale. Wm. W. Wakeman & Co. is the name of a new firm composed of Messrs. Wm. W. Wakeman, Jas. R. Jesup, jr., and Aaron Conklin, for the transaction of the banking and brokerage business, including mining stocks, at No. 36 Wall-st.

4. April 25, 1876 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, April 25, 1876

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begin a speedy investigation as to what it was fatigued the Directors to such an extent that they decided to lie down. Bank-Examiner Watson is now in Wisconsin, but has been telegraphed to return and assist in making up the accounts. Depositors have so far expressed confidence in Mr. Bushnell, the President, and few complaints have been made against the other officers. Mr. Miner, the Cashier, is supposed to have lost considerable money in the Metropolitan Printing Company, of which he is the principal stockholder. In order to correct any misapprehension, it should be stated that the broken bank is not the City Savings Bank, which is located in the same neighborhood. The similarity of names caused considerable vexation to the last-named institution yesterday. # THE FOLLOWING REAL-ESTATE TRANSFERS, all dated Nov. 9, but not recorded till yesterday, relate to the affairs of this unhappy bank: A. B. Miner to Winslow Bushnell, for $25,000, 213x238 feet on the northeast corner of Warren avenue and Yager street; and 50x245 feet on the south side of Warren avenue, 363 feet east of Yager street. A. B. Miner to W. Bushnell, for $42,000, 90x147 foot on the southeast corner of Halsted and Lake streets. A. B. Miner to W. Bushnell, for $20,000, 186x215 foot on the southwest corner of Warren avenue and Yager street. # THE METROPOLITAN PRINTING COMPANY. The suspension of the City National will probably seriously affect the Metropolitan Printing Company, owing to the connection of Miner with the latter concern. It is stated that he obtained control of the Metropolitan by assuming a mortgage on its material, and that it has always been a dead weight on his hands. The Company's office is located at No. 72 Fifth avenue, and R. B. Ford is its Secretary.

5. April 27, 1876 Knoxville Journal Knoxville, IA

Article from Knoxville Journal, April 27, 1876

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The City National Bank of Chicago has suspended, but declares its :ability to pay out in a short time.

6. April 27, 1876 The St. Cloud Journal Saint Cloud, MN

Article from The St. Cloud Journal, April 27, 1876

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LATE NEWS ITEMS. - A cable dispatch from London announces that Lord Lyttleton has committed suicide. - The Rev. F. F. Rea, of Durham, Conn., has been expelled by his Congregational church for drunkenness. - The Peoria Presbytery has refused to admit to fellowship the Rev. John S. Glendenning, of Jersey City scandal notoriety. - Holman, the father of Soft Money, was the first Congressman to make application for silver at the office of the Sergeant-at-Arms. - Mayor Stokely, of Philadelphia, has sworn in 650 men of the special centennial guard. The guard is divided into three companies, under the general command of Col. Clay. - The wheat-operating firm of Linblom, Schweder & Co., of Milwaukee, suspended payment Monday under the depressing effect of the failure of the City National Bank of Chicago. - Complaints are made by the Gentiles in and about Salt Lake City that the Mormon police arrest them upon trifling charges, exact oppressive bail, and levy outrageouos court fees. - Henry Ward Beecher preached Sunday in two churches in Boston. The persons comprising his audience were admitted by means of tickets previously dispensed, and many thousands were denied entrance for lack of room. - In is rumored that the revolutionists were badly defeated near Monterey the other day, and a large cavalry force has been sent from Matamoras to assist them. General Diaz is conscripting Mexicans to increase his force. - The Ballou manufacturing company and the firm of Geo. C. Ballou & Son, of Woonsocket, Rhode Island, have made an assignment. Their indebtedness exceeds $1,000,000; liabilities probably exceed the assets from $150,000 to $200,000. - A Halifax dispatch of the 21st says: The schooner Katie, Capt. Ferristal, which left Port Mulgrave on the 2d inst. for Boston with 66 passengers, has been given up by the people of the former place as lost. It is thought she foundered in the gale which occurred three or four days after her departure. - The house of the Rev. D. C. Lothrop, of Amherst, Mass., accused of brutality to his family and general meanness, was mobbed Monday night by about 200 town boys and students. Mrs. Lothrop was sick and alone in the house, and is now in a critical condition from the shock to her nerves. - Orders have been issued to the commanding officer at Ft. Laramie to as far as possible protect travelers between that point and Custer City. His force is inadequate to the task other than as occasional scouting parties. Serious trouble is anticipated from the roving small bands of Indians, who will not attack large, well-armed parties.

7. April 27, 1876 The Kenosha Telegraph Kenosha, WI

Article from The Kenosha Telegraph, April 27, 1876

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The City National bank of Chicago has suspended. The Chicago papers report business improving in that city. In Western Michigan, one of the chief fruit regions of the West, the prospect for all kinds of fruit is very encouraging. South. The annual flood in the Mississippi river is unusually disastrous this season. Many breaks have occurred in the levees, and much valuable country inundated by the escaping waters. The damage, it is estimated, will reach several millions of dollars. Fort Smith, Ark., was again the scene of a wholesale hanging on Friday, April 21. The victims were five in number-three Indians, one white man, and one negro.

8. April 29, 1876 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, April 29, 1876

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NOTES AND NEWS. AN ATTEMPT TO INVESTIGATE MH. BLAINE. Special Dispatch to The Chicago Tribune. WASHINGTON, D. C., April 28.-Tarbox, of Maesachusetts, offered a resolution in the House in regard to the Union Pacific Railroad. Gon. Hurlbut objected to the resolution, and it was withdrawn, The resolution was undoabtodly intended to have some reference to Mr. Blaine, as it directed the Judiciary Committee to inquire into the circumstances connected with the purchase by the Union Pacific Railroad of $75,000 value of the bonds of the Litcle Roc's & Fort Smith Hailroad for $61,000, CHICAGO BANKS. Judge Bockwith, H. B. Munroe, Bpencer, of the State Savings, and Burley, Receiver of the Cook County National, waited upon the Comptrollor of the Currency this afternoon to present their papers and mako their arguments in the matter of the adjustment of the differences betwoon the Cook County National Bank and Mr. Speucer. The Comptroller, after hearing their statements, took the case under advisement, and will make a docision as soon as possible. The determination of the exact sum, if any, due from Mr. Spencer to the Clook County National will be made by Mr. Knox, by whose decision all the parties will doubtless abide. Applications continue to come in for a nomios. tion of Receiver to the City National Bauk. The Comptroller has not, however, decided to appoint a Receiver. Everything depends upon the unture of the report which Watson will make. His report is expected bore early in the week. Comptroller Knox will take immediate action after receiving that report, In the meantime be has no special knowledge as to the atfairs of that bank beyond what is publicly knows in Chicago. MARSUAL GOODELL arrived here yestorday. The purpose of his visit is to see his children, who are at school in Georgetown, and to inspect the police system of Washington. Baltimore, and Now York. He is especially studying the organization of: the do. tecture forue us this city, He paid . visis to the

9. April 30, 1876 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, April 30, 1876

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A Washington dispatch, referring to the report of Examiner WATSON on the condition of the suspended City National Bank of ChiGago, says it seems certain that the depositors will be paid in full, and that the assets are in such a condition that the only question is how much the stockholders shall lose. If the assets are properly managed it is believed that the stockholders will meet with very little if any loss. Those who have examined the statement say that the assets ought to pay the depositors dollar for dollar. No arrangement has yet been made for the appointment of a Receiver.

10. May 4, 1876 Yorkville Enquirer York, SC

Article from Yorkville Enquirer, May 4, 1876

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MERE-MENTION. Governor Rice, of Massachusetts, has vetoed the bill legalizing Parton's marriage with It is proposed Fanny Fern's daughter. by the church-going people of Philadelphia to invite Messrs. Moody and Sankey to participate in the opening ceremonies at the CenA hint is as tennial grounds in May. good as a kick, but there are some men who is never take one till they get the other. It reported that Commodore Vanderbilt is quite ill. The expenses of the late Alexander T. Stewart's funeral are put down at twelve thousand dollars. A twenty-four pound baby was recently born in Pittsburg, Penn. Its mother weighed but one hundred and Watermelons have appeared at twenty. and are at cents to one show is to at Savannah, enty-five baby Ga., shortly dollar be selling held each. from Manistee, sev- A Mich. Each mother will get a check for her baby, to prevent accidents from mixing up the little ones. Gen. Braxton Bragg was appointed city engineer of Galveston, but the The councilmen refused to confirm him. City National Bank, of Chicago, has failed. The health of RepreCapital $250,000. sentative Lamar was not benefitted much by his trip to Mississippi as was supposed. He is still constantly threatened with paralysis. The girls of the Madison, Georgia, College, indignantly deny that they will appear on the stage at commencement in calico. Barney Williams, the actor, died in New York last week. Moody, the evangelist, assisted by Mr. Whittle, held religious exercises in Augusta, Georgia, through last week and a part of the The committee on resolutions present. in the Arkansas Republican Convention reported one declaring O. P. Morton the choice of the State for President. The California Mrs. Henry Republicans endorse Blaine. Ward Beecher arrived in Florida last week. She is described as having a stern, unhappy, uncomfortable face.. The domand upon the United States Treasurer for silver increases daily, and from all parts of the country. Over $1,000,000 has already been disA fleet of four ships of war tributed. has been ordered to the Mexican coast to proRev. C. A. Kentect American interests. drick, a minister of the Baptist church of Columbus, Ga., was committed to jail on Friday last, in default of bail in the sum of $3,000, charged with the seduction of a girl New York city only thirteen years of age. has more than four thousand lawyers within its limits. It is suggested that if some folks desire to do something extraordinary to celebrate the centennial year, they had better pay their debts. A Virginia editor, whose paper has just suspended, says that he entered the field of journalism under the impression that there were "millions in it." "And 80 there are," he continued, "but they remain in it yet."

11. May 4, 1876 Wood County Reporter Wisconsin Rapids, WI

Article from Wood County Reporter, May 4, 1876

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THE NEWS. AN explosion of powder occurred on the 22d in the tunnel now being excavated near North Glamorgan, South Wales, causing the roof to fall in and burying all the workmen. Up to dark on that day, of thirteen dead bodies and a number wounded had been recovered. A CALCUTTA dispatch of the 22d says that seventeen of the persons implicated in the murder of Margary, of the English expedition, would be executed in Burmah, on the 5th of May. A WASHINGTON dispatch of the 22d says that the Commissioner of Internal Revenue had, by order of the President, demanded of Supervisor Hedrick his resignation. Supervisor Matthews had also resigned, to take effect on the 1st of May. MANY of the buildings at the Methodist ummer resort and camp-meeting grounds at Tarentum, Pa., were burned on the 22d. Gov. RICE, of Massachusetts, hassigned the warrant for the execution, on the 26th of May, of Thomas W. Piper, convicted of the murder of Mabel Young in the Warren Avenue (Boston) Church tower. Piper has lately stated that the little girl met her death a trap door while that she was nearly ascending by dead being when the caught tower, he found in and her. He says that through fear of being accused of murdering her, he denied all knowledge of the matter. A DISPATCH from Leavenworth of the 22d, says that the Cheyennes had broken up small purand were Big Horn In a one of poses, into country. bands scattered for fight marauding through with the these bands on the 20th one Indian was killed and two miners wounded. Another dispatch says that a man, his wife and three children had been murdered by Indians at a place 100 miles from Custer City. THE Egyptian army are retiring from Abyssinia. THE Hungarian Ministers tendered their resignations, on the 24th, in consequence of the disinclination of the Austrian Government to consent to the establishment of a Hungarian National Bank. The Emperor declined to accept their resignations, and directed a re-conference with the Hungarian liberals. A WASHINGTON telegram of the 24th says Gen. Belknap had lately written a letter to a friend, in which he denied in positive terms that he had made any confession concerning the charges against him relative to the Fort Sill post-tradership. On the 24th, his counsel filed with Secretary Gorham a rejoinder to the replication of the House in the impeachment matter. He denies that he was Secretary of War until after a committee of the House had investigated his official conduct. He also states that Mr. Clymer had said to him on the 1st of March that, unless he (Belknap) should resign his position as Secretary of War before noon the next he would move in the House; peachment day, (Clymer) that given he his that yielded imintimation thus he avoid a the This on Senate. might to the alleged protracted agreement trial before the part of the Chairman of the Investigating Committee, it is urged, should estop the House from prosecuting the impeachment. THE Iowa Independent State Convention has been called to meet at Des Moines on the 10th of May to select delegates to the Greenback National Convention at Indianapolis. The Wisconsin Greenback Convention is to be held at Madison on the same day and for a like purpose. THE City National Bank of Chicago suspended on the 24th. The assets are said to be about $1,000,000. The liabilities are placed at a somewhat smaller figure. A ROUEN (France) telegram of the 25th announces the burning of the Theater des Arts and several adjoining buildings in that city. Numerous lives had been lost and many persons were seriously injured. THE funeral of the wife of Louis Blanc, which occurred in Paris on the 25th, was the occasion of an immense Radical demonstration. Over 200,000 persons witnessed the ceremonies. WESTERVELT, at present in prison at for complicity in the Charlie has lately been of the Ross the Philadelphia widow abduction, Mosher, abductor, the visited where- and by asked to give some clue to abouts of the boy. He declared that he knew nothing of the matter. He went into the enterprise in hopes of securing a part of the reward, but had no personal part in the abduction. THE Metropolitan Hotel at Long Branch, N.J., was burned on the night of the 25th. The loss was about $75,000. BARNEY WILLIAMS, the well-known Irish comedian, died at New York, on the 25th, after a protracted illness, aged fifty-three years. Dom PEDRO and party reached San Francisco on the evening of the 25th. To avoid any demonstration on his arrival, his car was detached from the train and run into the city half an hour ahead of the regular train. AN Omaha dispatch of the 25th says orders have been issued to the commanding officer at Fort Laramie to as far as possible

12. May 12, 1876 The Herald and Mail Columbia, TN

Article from The Herald and Mail, May 12, 1876

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LATEST NEWS. SOUTH AND WEST. Only one million dollars was the cost of the residence in San Francisco of Leland Sanford, president of the Central Pacific railroad. The Atlantic and Pacific telegraph company will at once build new lines from Washington to New Orleans and Mobile, taking in several cities on the way. The City National bank, of Chicago, owing to a run, has suspended, and will go into voluntary bankruptey. Liabilities, $800,000; assets, $130,000 over all liabilities. The other banks of the city are seriously affected by the failure. John Bannock, while working in his field, near Forrest, Ohio, about a week ago, became enraged and killed his little son, in the presence of his little daughter. The latter told some neighbors, and on searching the field the body was found. Bannock was jailed. Orders have been issued to commanding officers at Fort Laramie to, as far as pessible, protect travelers between that point and Custer city, but their force is inadequate to the task other than occasional scouting parties. Serious troublei apprehended from small bands of Indians, who will not attack large well armed parties. Louisiana this year it is said will have the largest crop of native bananas ever grown. The winter has been so mild that the fruit continued to grow throughout the season, and while the leaves were badly burnt by the ice, the fruit was entirely uninjured, and large clusters of half-grown bananas can be seen upon many trees. A dispatch received by General Sheridan from General Crook says the Indians at Red Cloud are on the verge of starvation, owing to neglect in forwarding .supplies; that unless immediate steps are taken to supply them, they will all leave the reservation, and fears are entertained from their present temper, they will make a raid on the whites. The latest reports from the agricultural districts of Louisiana indicate an improvement in the planting operations and the condition of the growing crops. The severe storms early in the season done much damage to outhouses and fences, and the cold snap immediately following killed a good portion of the corn and garden vegetables in a number of districts. The favorable turn in the weather during the last week or two has done much toward making good the damage done, but as yet seeding operations are a week or two weeks late. In the district in and around the parish of Plaquemines, sugar cane is again bearing leaves. Rice planters are plowing but as yet, but little has been sown. In the vicinity of Point Coupee farmers are actively engaged in plowing cotton and corn land, while sugar planting is nearly finished. Farmers in this district are planting more cereals than ever before, but the acreage of cotton will probably be up to the average. In other districts the condition of planting operations about the same as at the places named.

13. June 8, 1876 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, June 8, 1876

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A Return to Dullness in the Local Loan Market. Now York Exchange Weak----Dimin ishing Country Orders for Currency. The Produce Markets Generally Stronger--Provisions Firm. The Leading Cercals in Good Demand for Shipment. FINANCIAL. There was a conspicuous absence of new developments in the financial situation. The demand for discounts is light. The recent Improvement in trade and collections has helped tide the customera of the banks over their necessities. and this is the acason when few applications are made for funds for Insugurating new enterprises or extendIng those that are established. Deposite have steadily risen of late, and the loanable resources of the banks are consequently more than ample to meet all the demands from their customers. Rates of discount at the banks are 8010 per rent to regular customers. Independent outside borrowers get street rates. On the street, there is a sharp demand for good negotiable paper, the amount of which offered 18 light. Rates are 86418 per cent. New York exchange was inactive, and was quoted at 50c per $1,000 discount between banks. The orders from the country for currency were moderate. The clearings were $3,800,000. THE CALIFORNIA MINING-STOCK MARKET. The hopes of n great spring time in the San Fran. cisco mining-stock market have been disappointed. The Ecening Post of that city saye: During the last week of the month there has been n constant yearning In the average stock dealer's breast. has reemed to him impossible that the season could passunaccompauied by the proverbial rise. While his faith has been romewhia shaken by the long delay, be could not entirely diemiss the subject from his unfnd. Stock dealers may console themselves with the fact that. while there line been no great rise during thesea. Full now ending. there has certainly been no great fall. Lack of Interest and dearth of business have now and then caused prices to drop, and a few whacks from the 'bear crowd have accélerated the downward movement. The materity of stocks haveshown great recuoperative powers by bounding upward here and there us as the occasion warranted. These are regarded healthy algus, and seem to forecast a grand old Centennial rise this summer. NATIONAL-BANK INSPECTION. The Finuncial Chronicle, of New York, In Italast issue, makes some hyperbolical remarks about the operation of the system of examlulng National Banks. It anys: A public officer. the Comptroller of the Currency. in commissioned for this purpose. By the Inspection of examiners and by the frequent reports which he recelves from the banks, he 1H perpetually operating upon those Institutions, for the protection of their solvency. Moreover, by keeping up this constant vigilance among the members of the Sational Banking system. we ex: pect only to stimulate those Institutions into an cificientcondition but to disperse n wholesome Influ. ence throughout the other banks, which are the rivals and neighbors of the National Hanks. Hence, AA the Comptrollerwellobeerved a recent report, it must be generally acknowledged that no bank has any right to complain of those safeguards: and the soundest banks 'regard pubilitity of their affairs to he a niens. uro of safety to themselves and a duty to the public. To the same purpose, Mr. J. R. McCüttoch, much as lie WAN opposed to all needless restrictions on banks. declared that Government may properly prevent the adoption of a policy that leads the banks into embarrassmeat, generator panice. and disturbs the ordinary busi ness of society. No nne needs, however, In the Unit States todefend the rafeguards of bank solvency, as they are applied to our national system by law. Such re-trictionsare. ay we said, If necessary concomitant of free banking under a decentralized system, Intended to give the uttliost amount of liberty with the necessary guarantees for the publicsafety. The Chronicle in speaking from New York point of view. In Chicago the practico hardly accords with the theory so beautifully laid out by the Chronicle. The Mechanics' National, the Cook County National, the Fourth National, and the City National Banks have all failed disastrously in this city sluce the panic, without a word of warning to the public, or any apparent Intervention of the Treasury Department to protect stockholders or dopositors. Some of these failures have been flagrant, particularly that of the Cook County National and that of the City National. In the latter case, as we are informed, n Receiver has been appointed In the open Interest of the stockholders. The depoeitors have not yet received n cent of their claime, although the bank closed with about 17 per cent cash of its liabilities on hand, and 38 per cent In good bills receivable. These are scandalous facts, and It In no exaggeration to say that the busl. ness community of this city do not look to any aye. tein of examination for protection against bad banking. THE MISSOURI TOWNSHIP BONDS. The $3,300,000 of the township bonds of Mis. wourl, issued under the act of 1808, and pronounce illegal by a recent decision of the United States Supreme Court, are mostly hold In New England and New York. The Eastern papers do not at tempt to criticise the decision, but claim that it does not one whit lessen the moral responsibility of the people of the townships who got the money to pay it back, principal and Interest. BHORTER BANK HOURS ON SATURDAY. There Is a movement on foot in New York to close the banks of that city at 3 o'clock on Saturday. It le stated by the local papers to meet with encouragement, and to be likely to go into effect in a week or two. GOLD AND GREENBACKS. Gold was Greenbacks were 801/8831/c in gold.

14. September 1, 1876 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, September 1, 1876

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THE CITY NATIONAL. THE CREDITORS AGREE UPON A BRITLEMENT. The creditors of the City National Thank met Wednesday afternoon, In pursuance of a call by the Committee appointed nt the Grand Pacific meeting of July 14. The Committee had Instructions to in. veetigate the Affairs of the bank and report a basis of actilement. MR. COLTON, of Galesburg, of the Committee, said the report submitted at a previous meeting was not eatisfac. tory, and the Committee had since made a thorough examination, and were ready to report. lle paid Mr. Adams, agent of the Comptroller of the Treasury, had also made a statement of the con. dition of the bank. and forwarded It to Washington. Mr. Adams' letter was read. It gives some figures; states that Mr. Walworth, the Receiver, is doing all he can to administer his tenat lu a fair and Impartial manner, and thinks be will liquidate all the claims against the bank In twelve months. provided the creditors will take 50 per cent in rcal estate. Mr. Colton proceeded to say that the Committee had understood that they could rettle with the bank for 50 per cent in cash and 30 per cent accured by bonds. This would make 80 per cent. which WAA almost as good as money. because these bonds would be guaranteed bonds drawing interest. This would make It $140,000 better than the Committee could have reported before. The following are the statement of assets and the basis of settlement: 80,000 Cash. Including amount with Comptroller 70,000 Bills collectable by January 09,000 Bills slow 85,000 Bills doubtful 5,000 Blonds and stocks doubtful 260,000 Real estate 173,000 Dividend paid 0,500 To pay taxes Total $741,000 175,000 Twenty-five per cent dividend paid 6,500 Taxes paid 45,000 To purchase one-quarter building 210,000 Thirty per cent bonds on building 140,000 Twenty per cent on outside real estate 106,000 Fiftern per cent cash dividend January 70,000 Ten per cent cash dividend July $751,500 Total 18,000 Government to be paid What indebtainees is $700.000.

15. January 27, 1877 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, January 27, 1877

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sion of payment, it is charged that on the 12th inst. the firm made a sale and conveyance of their stock to Joseph Metzier with intent to defraud the creditors. The firm was organized Jan. 12, 1876, with a capital of $5,000, to manufacture the "Royal car-muff," and about the 13th of January, 1877, Schlesinger, one of the firm, sold all the assets, worth $8,000, to his con-in-law, Joseph Metzler, with intent to defraud the firm creditors. A rule to show cause Feb. 4 was issued and an injunction against Metzler to prevent him from disposing of the goods bought of Schlesinger. August Melsted, a restaurant-keeper at 95 Dearborn street, likewise joined the list of voluntary bankrupts. His preferred debts amount to $100 and the unsecured to $6,312.90. His assets consist of cash $100, and a Justice's judgment for $200 against Col. N. N. Norton, of the Mount Vernon Military Academy. The petition was referred to the Register. Horatio S. Freeman, a boot and shoe dealer at No. 211 West Madison street, also came and gave up his property on condition of getting rid of his debts. The latter amount to $1,303.52 preferred, $1,220.17 secured, and $3,793.42 unsecured. The assets consist of land worth $200; stock of boots and shoes at No. 241 West Madison street, $6,800; fixtures, store, furniture, etc., $100; debts due on open account, $228.75, and $4,000 in fire-insurance policies. The petition was referred to Register Hibbard. R. E. Jenkins was appointed Provisional Assignee. The composition in the case of Walsh & Hutchinson was confirmed. Levy Brothers were adjudicated bankrupt by default. A discharge was issued to Winchester Hall. A composition meeting will be held Feb. 7 in the case of Solomon Salomon. George W. Campbell was appointed Assignee of Abel H. Lyon. The composition meeting in the case of Biddle & Boyd is set for 10 a. m. to-day. A final dividend will be held at 2 p. m. in the case of A. A. Wiswall. ### SUPERIOR COURT IN BRIEF. George C. Clarke began a suit for $1,500 against Helmond Prindiville. Rathbone, Sard & Co. sued Philip B. and Albert F. Doddridge for $1,400. Hibbard & Spencer sued the same parties for $1,000. Carlton Drake sued William Laracy for $1,000. The Chicago Stamping Company began a suit for $9,000 against Seth R. Evans. John A. King brought suit to recover $10,000 of Henry B. Miller. N. H. Walworth, Receiver of the City National Bank, sued Elijah Smith for $2,000. William Selden began an action in attachment against William C. Yeaton to recover $2,563.45. Calvin Day, of Hartford, Conn., filed a bill against Ellen G. Brown, Brown, her husband, Henry D. Williams, Anna J. Williams, Admun I. Williams, Ida L. Williams, and Jens Olsen, administrator, to foreclose a trust-deed for $10,000 on Lot 18, except the west seven feet thereof, and all of Lot 19 in Block 1 of Butler, Wright & Webster's Addition to Chicago. Mary T. Moore sued Merril Ladd for $3,000. Grant & Swift sued the same defendant for $1,600. The Merchants' Savings, Loan & Trust Company brought suit against David A. Gage, W. M. True, and John A. Rice. ### CIRCUIT COURT. Waldstein Mayer commenced an action against the Lake Shore & Michigan Southern Railroad Company, laying damages at $10,000.

16. June 24, 1879 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, June 24, 1879

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THE COURTS. New Sults-Divorces-Bankruptoles, Judg. ments, Etc. Judge Blodgett yesterday appointed a Receiver for Philip Goldman. It seems that Goldman to December last made an assignment to one Belersdorf of all his assets, consisting only of open accounts. A few days subsequently judgments were recovered against Goldman by Strong, Bust & Moore, of Boston, and- others, and executions issued, but returned unsatisfied. The creditors then filed a creditor's bill, charging that the assignment was fraudulent, and that Goldman had made other fraudulent conveyances. A motion was also made for the appointment of a Receiver, which was insisted by Goldman and his Assignee on the ground that the law of this State in relation to voluntary assignments gave the County Court exclusive control of such matters. Judge Blodgett decided that there was nothlog In the statute of the State which infringed on the domain of a court, of chancory to appoint Receivers, etc., 08 It had constantly been accustomed to do. True. the law gave to County Courts authorsty to see that a verbal assignment was properly executed and carried out, but the voluntary Assignee in such cases had no power to attack the assignment under which he held on the ground of fraud or to set aside fraudulent conveyances made by his assignor timediately preceding the execution of the conveyance to him. Such voluntary Assignee was the mere creature of his assignor, and had no greater rights or powers torecover back property fraudulently conveyed than had the party making the assignment. Bradford Hancock was then uppointed Receiver undera bond for $10,000, which was furnished. THE CITY NATIONAL BANK. A. II. Burjey, Receiver of the City National Bank, filed a petition yesterday stating that among the assets of the bank are Lots 19, 13, 14, 00, and 83 of Walker's Subdivision of all that part lying northwesterly of Blue Island avenue, of Block 7, in Loughton's Subdivision of the W. X of the N. W. 4 of Seca. 30, 30, 14, for which he has been offered $1,050 cash. The bank also owns Lots 3, and 7 to 10 inclusive, and 10 to 27 luclusive, and 31 to 35 Inclusive, in Secrist's Subdivision of 5 acres in the N. E. corner of the & % of the E 3/2 of the S. W. 14 of Sec. 17, 38, 14, for which he is offered 8150 cash. Also Lots 1 to 48 Inclusive, Block 11, in Atwood's addition to Washington Heights, and he has been offered $50 cash for a quit-claim deed. The lots In Secrist's Subdivisfon and Atwood's addition are heavily Incumbered by tax-titles, and the Comptroller refuses to allow them to be redeemed. Under such circumstances, the Receiver thinks the above offer a good one, and be was, therefore, allowed to accept it. AUSTIN VS. AUSTIN. In the divorce case of Ida May Austin vs. William IL Austin, the latter flied an ailidavit yesterday in answer to the rule on him to pay allmony, stating that since the order was made by Judge Moore giving bim leave to acc his child he had paid his wife $38.65 in money, besides giving her her clothing and such articles of furniture from the house as she wished. lle had also paid her attorney 505, with the understanding it was to be in full for his fees. Austio says he 1s now much embarrassed in bustness, and cannot transact business on the Board of Trade because of his inability to pay certain margins. He professes to be willing as long as be can make anything to divide his carnings with his family, and claims no order of Court will be necessary to Induce him to contribute to their support. DIVORCES. Carrie Webster filed her bill yesterday complaining that her husband, Albort E. Webster, made her life iniserable by his cruelty during the two years he lived with hor, and, though he discried her nearly five years, ago, yet she fears a he may return, and will not feel safe from him until divorce. she is formally released by a decree of Stephen J. Lowis In November, 1872, married one Emma Grigdon, but after living with her about four years he discovered another man had a better right to her. And now he magnanimously asks to be allowed to stop down and out in favor of the Drst husband. ITHMS. The Appellate Court will meet this afternoon to hear motions, file opinions, and last, but not least, elect a new Chief Justice. UNITED STATES COURTS. Thomas Sayles filed a bill yesterday against the Pullman Palace-Car Company to prevent it from infringing his patent air-brake. 1 Iliram Sibley begana suit in ejectment against Peter Strow, claiming $3,000 damages, and anD other against Eric Aun for A similar amount. 1 Emil Dietzach, for the use of J. M. Flower, 0 Receiver of the German National Bank, com0 menced & suit In debt for $3,500 against DeWitt 6 II. and Charles II. Curtis. SUPERIOR COURT IN DRIBF. Stephen W. Hawson filed a bill yesterday 1 against Rainh 0. and John L. Sprogte, Georgo Sawin, and the unknown heirs of Malcom Camp. $ bell, to foreclose a trust-deed for $1,700 on Lot 51. in 8. W. Rawson's Subdivision of the S. E. 35 of the N. E. N of the S. E. X of Secs. 13, 80, 13. CIRCUIT COURT. Josephine Rosenstein command a suit for $3,000 against Elizabeth V. Case and

17. June 30, 1879 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, June 30, 1879

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THE CITY. GENERAL NEWS. F. Bright, of Madison, Wis., is at the Gardner. H. Williams, of Decatur, III., Is at the Gardner. Col. Thomas W. Lyman, U. S. A., is at the Pacific. A. K. Phillip, of St. Louis, Mo., is at the Gardner. C. W. Welden, North Adams, Mass., is at the Tremont. Gus Wilson, St. Louis, is domiciled at the Sherman. William Barge, Dixon, III., is among the guests of the Sherman. A. Verdet and P. Valley, France, are registered at the Palmer. John A. Kasson, United States Minister to Vienna, is n guest nt the Pacific. Edward Rutz, Springfield, III., ex-State Trensurer, is registered at the Pacific. N. C. Roed, Jr., of the Iowa State Register, Des Molacs, is tarrying at the Tremont. S. H. H. Clark, General Superibtedent of the Union Pacific Railroad, 18 at the Pacific. Henry Kipp, Buffalo, President of the United States Express Company, is a guest of the Pa. cific. Francis A. Eastman, Waukesha, formerly Postmaster in this city, is stopping at the Tremont. By a misprint the number of one of the State street saloons shut up by the Mayor's order was given as No. 202. It should have been 363; there is no saloon at the former number. The friends of the Rev. N. P. Heath, Grand Prelate of the Grand Commandery of the State of Illinois, will regret to hear of his very serious illness. Dr. Heath Is now quartered at the Gardner House, under treatment of Dr. Andrews, and will probably have to submit to a surgical operation. A barn in the rear of No. 23 Jefferson street, owned and occupied by S. v. Skinkle, took a tumble yesterday afternoon at. 4 o'clock. the stanchions supporting It having rotted away. The structure fell a distance of four feet, doing no particular damage to the building, nor to the seven horses, together with Mr. Skinklo and his son, who were within it at the time. The eight-hour advocates held a meeting yesterday afternoon at No. 00 West Randolph street for the purpose of discussing a resolution introduced on a former occasion by Mr. A. IL Parsons, sotting forth the benefits of the eighthour system. Mr. Thomas Morgan read a paper to opposition to the movement, while the other side was supported by Mr. Parsons and Mr. John McGilvray. There were about 100 persons in the half, including a few Indies. The Irish Colonization Society bad a meeting yestorday afternoon, the object being to talk up B piente which is proposed to be held Aug. 8. The attendance was not large, and nothing of any public importance transpired. The Society, it. appears, has purchased about 14,000 acres of Kansas lands, or agreed to purchase the same. and is calculating upon occupying them during August. The purpose of the piente Is to get the families of the members of the Society acquainted prior to their starting for their new homes. The Comptroller of the Currency has received an offer of $130,000 for the City National Bank building, and, It is understood, has written to Receiver Burley that, If he cannot get any more, he may apply for an order of sale. One or two parties here are said to be willing to give a little more,-$2,000 or $3,000,-and If they now come to the front the highest bidder can coubtless get the property. In the event of a sale for $130,000, a dividend of 20 per cent could be paid, and as there is a good prospect now of a sale, the hearts of the long-waiting creditors will beat with joy when they hear the good news. A meeting of representatives of the various Iriah societies WAR held at Wall's Itall yesterday afternoon to further arrange for the proposed demonstration of Irish Nationalists to be held August 15. The Committee on Grounds reported that they could get the use of Orden's Grove for 850, or the use of the grounds and houses for $200. and they were instructed to accept the latter proposition. The Executive Committee was increased by the adding of several names, and it was agreed that the proceeds of the demonstration should go to the cause of the Irish Nationalists as heretofore. The Executive Committee meets at Burke's notel Wednesday evening. THE CIGAR-MAKERS' Union held a meeting at 154 Clark street yesterday alternoon, J. Hack in the chair. The object of the meeting was to discuss the eighthour question. Sam Goldwater mades speech upon the question of the moment. He claimed that by working eight hours a working day. a demand would be created for workmen, and their unemployed brethren would soon be employed. The welfare of all other trades meant the welfare of themselves. If the :shoemakers got better wages the cigarmakers would receive the benefit of it. He advocated unity of effort as a means of power. it stood to reason that at eight hours work per day more men would be employed than If they worked ten hours a day. By amalgamating with all other trades, they could wield a power which they could not have individually. There should be no antagonism between different Unions or between members of the same Union. A Trades Council had been established In this city composed of some twenty-two Trades Unione which doing

18. August 4, 1879 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, August 4, 1879

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# THE COURTS. ITEMS. Judge Itarlan Saturday heard the admiralty case of Slaussen vs. The barque Elizabeth Jones, to recover $40,000 damages to the schooner Willis. The two vessels collided on Lake Erie on the 11th of November, 1872, when the Jones struck the schooner on the starboard side and sunk her, The case was taken under advisement. Judge Harlan will be in court to-day, but will not hear any new cases, nor render any opinion Judge Moore will be in court to-day, to-morrow, and Wednesday. Judgo Jameson will be in court Wednesday. The Circuit Court Judges wero in court Saturday consulting on the Bielefeldt case, but reached no concusion. A discharge was issued to T. T. Prosser Saturday. An Assignee will be chosen this morning for Philip Couley. UNITED STATES COURTS. Gurdon 8. Hubbard, Jr., for the use of A. H. Burley, Receiver of City National Bank, began a sult for $10,000 Saturday against William E. Hale. Valentine Blatz commenced a suit for $4,000 damages against Charles F. Swigart. DIVORCES. Ida Koss complains that her husband, Frederick Koss, has sluce his marriage been gulity of habituai drunkenness, repeated cruelty, and adultery. And she thinks she should not be compelled to live with him any longer. Dan Hastings likewise wants a divorce from Antoinette A. Hastings, after thirty-seven years' married life, the cause being desertion. Wilham H. Regnold married Maggio Regnold In 1864, and he claims to have treated her as a kind husband should until she left him without any reason in May, 1877. She has not yet re-turned, and now he asks that she may be compelled to stay away. Lastly, Milton D. Lichtenwallner complains that his kludness and love to his wife Ellen has all been wasted, and that she has repeatedly been guilty of adultery with divers persons whose names he gives. On which account be claims he is entitled to a divorco. SUPERIOR COURT IN BRIEF. Henry Hemmelgarn began a sult for $3,000 Saturday against Louis Keittler. Sults were begun Saturday by George Chan-ler, as Receiver of the Lamar Insurance Company, against the following parties: George Wearies, $200; Conrad Schroeder, $300; John Schroeder, $200; Joseph Neimann, $300; Diert Hagen, $300; C. IH. Kaum, $300; George L. Davidson, $300; George P. Cooper, $300; IL A. Hallimann, 8300; Philipp Conrad, $300. CIRCUIT COURT. John A. Davis commenced a suit în trespass against Agnes and Michael Zimmermann, claim-ing $5,000 for alleged slander. Maria Koop, executrix of the will of Henry Koob, deceased, filed a bill against Mary E. Golden, James Humphreyville, L. D. Boone, trustee, and others, to foreclose a trust-deed for $2,100 on Lots 5 and 6, in W. II. Brown's Subdivision of Block 37, in Carpenter's Addi-tion to Chicago. JUDGMENT3. SUPERIOR COURT-CONFESSIONS-E. L. Jillett va. W. J. and Ada I. A. Binuing, $240.57. CIRCUIT COURT-CONFESSIONS-Byran Schermer-horn vs. The Safety Carburator Company, $1, 177.

19. May 22, 1880 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, May 22, 1880

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ITEMS. The case of the Chicago & Iown Rallroad Company came up before Judge Drummond yesterday, on a motion to restore the property to the Company on the ground that all its debts had been paid, and there was no further use of a Receiver. Judge Cothrau, one of the attorneys, was absent, and the nintter went over to Monday morning. The Appellate Court will resume its call Tuesday morning. Opinions will also be filed the same day. A certificate of good moral character was yesterday Issued to Olln A. McFarland by Judge Moran, on motion of II. B. Hurd. Another sult was begun yesterday to prevent the leasing of the school property on Halsted and Madison streets to Crilly & Illair, the complainant being W. E. Chamberlin. A' motion for an Injunction will be made this morning before Judge Moran. The Receiver of the City National Bank was authorized by Judge Blodgett yesterday to compromise n claim on n note for $2,518.33 against Robert Rao for the sum of $800.

20. May 31, 1880 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, May 31, 1880

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# THE COURTS. # CITY NATIONAL BANK. In the case of the City National Bank, A. H. Burley, the Receiver, filed a petition setting out that among the assets of the bank are three notes for $500 each, made by H. W. Harmon and secured by a second mortgage on Lots 18, 19, and 20, Block 1 of Beck's Subdivision of the S. W. ¼ of the S. W. ¼ of Sec. 21, 38, 14. These were given to the bank as collateral loan indebtedness of L. W. Beck, but the latter is in bankruptcy, the property has been sold under a first mortgage, and the Receiver thinks an offer of $25 which he has received for the notes will be the best he can get under the circumstances. He was authorized by Judge Blodgett to compromise on this basis.

21. October 6, 1932 Oakland Tribune Oakland, CA

Article from Oakland Tribune, October 6, 1932

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New Dawes Bank Opens For Business In Chicago City National Takes Over All Banking Trade of Central Trust Oct. National Bank Trust General Charles chairman the board opened today taking the deposit liabilities business Central Republic Bank Trust Company. Central Republic tinue operate trust real estate departments its InvestThe sharing the same the Central although from the bank he founded 30 ago tral the presidency the Central dent the City National, and Otis, Republic succeeds president Central Republic Bank Trust Company. The Dawes to form added capital, Central Republic known time loan the about half which utilized FOR CHANGE the the new bank, explained that declining posits increasingly ficult to meet fixed rental obligalions and other charges, and tinued operating result ultimately forced liquidawould meant sacrifice the During early of period been abroad ambassador Great and temporarily tired from activity. months quit polithe ties and reorganization of the bank