4346. Cook County National Bank (Chicago, IL)

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1845
Charter Number: 1845
Start Date: September 28, 1873
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 456c9f00

Response Measures

None

Description

The bank suspended during the Panic of 1873 and resumed (Sept 1873). Later, in Jan 1875 the stockholders voted voluntary liquidation / the bank 'temporarily closed' and the Comptroller appointed a receiver (Feb 1875). There is no clear article describing a depositor run on this specific bank; the 1873 suspension was part of the wider panic (macro news) and the 1875 event was a voluntary liquidation leading to receivership. OCR errors corrected (e.g., Allan -> Allen not changed except noted in snippets).

Events (6)

1. September 28, 1873 Suspension

Cause: Macro News
Cause Details: Suspension occurred during the nationwide financial panic of September 1873 when multiple Chicago banks suspended payment.
Newspaper Excerpt: The list of suspended numbers six, as follows ... Cook County National
Source: newspapers

2. September 29, 1873 Reopening

Newspaper Excerpt: The Union National and Cook County National resumed this morning. ... The Cook County National Bank resumes in the morning.
Source: newspapers

3. January 19, 1875 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders voted to go into voluntary liquidation after promised aid was refused and assets/bills receivable were considered uncommercial or illiquid.
Newspaper Excerpt: I regret to inform the public that this bank has been compelled to temporarily close its business...the shareholders of this bank have decided to go into voluntary liquidation
Source: newspapers

4. February 4, 1875 Receivership

Newspaper Excerpt: The Comptroller of the Currency has appointed Alex. H. Burley as receiver of the Cook County National Bank, Chicago.
Source: newspapers

5. May 13, 1875 Other

Newspaper Excerpt: A. H. Burley, Receiver of the Cook County National Bank, began a suit for $2,000 against Moses A. Thayer.
Source: newspapers

6. October 7, 1875 Other

Newspaper Excerpt: A. H. Burley, Receiver ... filed a petition ... stating that W. M. Taylor was indebted to him as Receiver ... the petition was granted.
Source: newspapers

Newspaper Articles (23)

1. September 28, 1873 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, September 28, 1873

Click image to open full size in new tab

Article Text

in currency, and Mr. S. B. Cobb deposited over 8200,000 in another prominent bank. Such public-spirited and plucky citizens deservo infinito crodit. If others would put out their money Instend of hoarding it, the stringency would moon coase. Actions like those are noble, and do not look like a lack of confidence in Chicago business. PERSONAL. In the list of Directors of the Union National Bank who pledged themselves as personally liablo for the obligations of the bank the name of Daniel Thompson, one of its most responsiblo representatives, was unintentionally omitted in yesterday's issue. THE SUSPENDED. The only suapension of Chicago banks yesterday was that of the Third National. Every other bank cleared on Friday passed enfely through the Clearing-House yesterday. The list of B116pended numbers six, as follows Union National, Manufacturors' National, Second National, National Bank of Commerce, Cook County National, and Third National. LINCOLN PARK WAS crowded with people listoning to the music, and there was as many teams and carriages as on any other Saturday. This shows that the panic has not seized the people, whomo exomplification of common BOUBO in the crisis we have passed through was the finest over shown by any people. AN UNFOUNDED RUMOR. The rumor on the street yesterday that Field, Letter & Co. had recalled from the railway depots goods once platformed for shipment to country purchasers was uttorly unfounded. To a TRIBUNE reporter Mr. Leiter yesterday stated that the firm was doing business as usual; had refused no shipments, discharged no employes, and saw no necessity for either measure.

2. September 29, 1873 The Rock Island Daily Argus Rock Island, IL

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

Click image to open full size in new tab

Article Text

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

3. September 29, 1873 The New York Herald New York, NY

Article from The New York Herald, September 29, 1873

Click image to open full size in new tab

Article Text

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

4. September 29, 1873 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, September 29, 1873

Click image to open full size in new tab

Article Text

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

5. September 30, 1873 The Rutland Daily Globe Rutland, VT

Article from The Rutland Daily Globe, September 30, 1873

Click image to open full size in new tab

Article Text

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

6. September 30, 1873 The New York Herald New York, NY

Article from The New York Herald, September 30, 1873

Click image to open full size in new tab

Article Text

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

7. October 2, 1873 Puget Sound Dispatch Seattle, WA

Article from Puget Sound Dispatch, October 2, 1873

Click image to open full size in new tab

Article Text

First National Bank charges an immedresumption of specie payment, will late ground that such action of add the the $80,000,000 to the positive relief of the market. The corridors almost demoney Avenue Hotel were striking Fifth to-night forming a eyserted constrast to thescone of last Sunday with when hotel was crowded bankers an ening, anxious and excited throng of brokers, and merchants Letter of President Grant and the news from Chicago will no doubt to exert vorable a beneficient influence here morrow. MADRID. Sept 27.-Last evening the bombardmet of Alicante was opened ard at o'clock this, Saturday, morning fillprojectiles. some of which were city. 500 with petroleum, thrown into several the damage was done and fire was Much in ruins. A vigorous batteries returned ifices are from the Forts and end of with effect, for at the their 7 n shore the rebel ironclads slipped condihours and withdrew in a damaged cables Minister Maizourave telegraphed at tion. to-day that the bombardment was noon ended, and declared that it be held had wanton outrage which should The to the reprobation of Europe. men-of-wa. Vittoria and Alamanza, will re- be cently released by the British, Alicante. dispatched to the relief of WASHINGTON, D. C., Sept.-President in conSecretary Richardson were sultation and to-day, on financial matters. CHICAGO, Sept. .-The Union National Naand the Cook County resumed tional Banks opened their doors and business this morning. Nearly $2,000.- Sat000 currency arrived here during urday and Sunday, a good portion Third of which went into the banks. The Bank National Bank and the National Commerce promise a speedy resump or of tion and will propably open in a day two. The banks of Louisville, St. Louis the other smaller cities adopted the and of certified checks similar to house plan New York plan. The clearing have association of this city, however, adopt decided that it is inexpedient to bank such plan, but to have every There any upon its own resources. stand strong belief in the minds of many that the worst is over. NEW ORLEANS, Sept. 29 A Times that from Bronhan, Texas, says store special fire broke out last night in wealthiest the of a Thos. Dyer, one of the entire merchants, and consumed the one, block. It reached the adjoining next burning it entire and part of the Lord LONDON, Sept. 29. -Election choice for of to day resulted in the Alderman Andrew Mayor Lusk, at present an and Member of Parliament. Communication between Penang and Singapore is interrupted. DUBLIN, Sept. 29 There was a favor large meeting at Droheda yesterday. in of the release of any Fenian prisoners. Severel Members of Parliament participated in the discussion. NEW YORK, Sept. 29. -All advices totouching the financial situation home day and abroad, are of a very reassu of the character. The re-opening event ring Stock Exchange to-morrow, is an looked upon with much less apprehenthan heretofore, owing to many dis sion private settlements and a manifest position towards branches, and a gendealing between man and man. erous At meeting of the Governing Board was Stock Exchange this afternoon, it of resolved that nothing in the action York Governing Committee of New as Stock the Exchange, shall be construed absolving any member from his obligations to rules. Business decidedly improving at hope- the produce Exchange. Much more business ful feeling is expressed; in fact old chansaid to be getting back into its as to and the gloomy appearance yielding nels, foreign Exchange, appear to be to The brighter loan prospects. Committee of the clearing the house met this morning to continue certificates. Managers said every- and loan looked favorable for banks the thing public, and they could see no reason for further disasters. The Tribune to morrow, will contain a leader upon the subject of resumption of Westley, specie payment. receiver of the Union Trust this forenoon denied that Commo the Co. Vanderbilt had returned to shore dore Company their loan to the Lake R. R.Co. A Washington dispatch says attached that an officer of the U. S. Navy, lately yester the Asiatic squadron, arrived He makes to from Yokohama, Japan. Comday announement that an English will the completed arrangements, of and steampany early day establish a line S. at an to run opposition to the P. M. and ers line, between San Francisco the run Co.' They promise to make making between Japan. ports in 17 days, thus days. a saving of time of five and six MONTGOMERY, Al., Sept. 29.-Board Health reports one death from the yellow past fever, of and five new cases ases within 48 hours. CHARLESTON, S. C., Sept. 29.-At the

8. January 20, 1875 New-York Tribune New York, NY

Article from New-York Tribune, January 20, 1875

Click image to open full size in new tab

Article Text

And the following for city bank shares Asked. Offered. Offered. Asked. 119½ Merchante 150 America. 101 Merchants' Exch's American Exchange. 1161g 132 Metropolitan 137 Butchers' & Dievers'130 I 105 Nassaa 100 Central National 125 New-York 136 139 Thatham 94 N. Y. Nat. Exchange. 1500 Chemical 100 100 Niuth National 300 City 97 North America 120 120 Commerce 82 North River 128 Dorn Exchange 160 Pacific 200 First National 144 138 People's 97 97 Pourth National 9813 Phenix 95 Verman American 107 1052 Republic 95 Sirecers. 155 149 Shoe and Leather 98 87½ Hanover 114 State of New-York 110 124 Irving 142 142 Tradesmen's 924 Manuf. & Merch 130 Union 137 Mechanics 113 111 Mercantile The Cook County National Bank of Chicago, by vote of its stockholders, decided to-day to go into voluntary liquidation. The Stuyvesant Insurance Company has declared , dividend of 10 per cent, payable on demand. The Howard Insurance Company has declared a semi-annual dividend of 6 per cent, payable on demand. The Philadelphia stock market is active; Pennsylvania Sixes, 108; Philadelphia and Erie Railroad, 19}; Reading Railroad, 551; Pennsylvania Railsoad, 55}. Gold. 112}. The following extracts are from the Annual Review of the Iron Market by Messrs. Bigelow & Johnston of this city : The panic, however. though 8 potent cause of the depression Waich has ruled all through the past year, has not been the only one at work in the iron trade. Long before that calamity there were signs of exhaustion to the supply of capital, without which it was impossible to earry out the numerous projects 80 profusely offered. Investors, both at home and abroad, had apparently used up both their ability and inclination. and for many months it had been almost impossible to place the bonds of the most promising schemes. Then, in addition, the great wave which had swept prices in Europe to 80 high a pitch, had begun to recode, lockouts on the part of employers to enforce a reduction in wages, took the place of strikes for an advance, and a general subsidence of the demand for iron all ever the civilized world, gave warning that "we were about to enter again a transition Stone, but this time from bigh to lower prices, always a more painful and difficult road to travel thus its reverse form. The stimulus of high prices, moreover. caused an enormous extension of our capacity for production, both of raw and manufaetured iron, with its accompanying keen competition, 80 that even with a continuance of the prosperity which had existed for several years before the panic, we were In a position to meet at home nearly all the demands likely to be made on us, if we worked our capacity up to its fullest limit. Looking back, therefore, on the thorny path of the past twelve months; at the profound depression and tremendous shrinking in values. we have reason to congratulate the trade on one thing, that 80 few failures have occurred, and that we have such valid evidence of the inherent sounduess of the trade generally. the same time it would be folly to shut our eyes to a fact that a serious crisisis impending, and that howver well the burden has been borne hitherto, there 18 a mit to the ability of the broadest back, and it is an pen question how long the present strain can be 808sained without entailing very serious disaster. A very general expectation prevails that with the advent of Spring we will witness a revival of all the dormant industries of the country. No doubt in this as ID all simi-

9. January 20, 1875 The Daily Argus Rock Island, IL

Article from The Daily Argus, January 20, 1875

Click image to open full size in new tab

Article Text

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

10. January 20, 1875 New-York Tribune New York, NY

Click image to open full size in new tab

Article Text

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

11. January 25, 1875 The New York Herald New York, NY

Article from The New York Herald, January 25, 1875

Click image to open full size in new tab

Article Text

THE COMMERCIAL SITUATION during the past week has not undergone important change. Trade 18 perhaps fully as good as can be expected from the circumstances that now control business, and bids fair 10 improve in proportion to the re-establishment of confidence and an understanding of the effect of the new financial laws. There is still a vast amount of mercantile débris to be disposed or. Stagnation is not alone the result of a scarcity of money, for banks, insurance companies, manufacturers, merchants and farmers nold but are airaid to use it. It is rather the result of a decline in the foreign demand for that which the nation produces. The nation is like a merchant who has lost custom. In 1872 and 1873 we supplied Europe, because the Continent was recovering from the effects of a great war, but when the armies were disbanded and men returned to the field they made crops which withdrew from us a corresponding amount of profit. Only another war or famino or failure of European crops can reproduce precisely the same conditions. Our people must therefore be content to do business on a less ambitious scale, and at prices. that correspond with the contraction that has followed the panic. During the week the suspension of the Cook County National Bank of Chicago was reported, and caused temporary uneasiness, but the president is reported to have said that the depositors shall be paid dollar for dollar. The statement, however, does not altogether allay the fear that the credits required for the Chicago merchants in the rebuilding of their City may entail further trouble unless there occurs a general reaction in business. Considerable uneasiness has also been excited by the action of several banks, which have entered upon a policy of retiring their currency-a measure or self-protection that is permitted under the banking laws. THE MONEY MARKET during the week was generally even on the basis of 2 and 3 per cent for call loans, Prime commercia! paper, three and four months, was quoted yesterday at 4 and 5 per cent. The supply of capital continues to be largely in excess of the demand, and it 18 not likely that any change will be recorded until there is a revival of business prosperity. Foreign exchange was advanced to 4.87 for prime bankers' 60 day sterling bills and to 6.90 1/2 for demand. These rates were current during the remainder of the week. The supply of bills continues small. At the close actual business was at 1.86% a 4.86% for long and 4.89% a 4.59% for demand. We annex closing rates:Three Days. sixty Days. Prime bankers' sterling bills on London. 4.86% a 4.87 4.90 a 4.90% Good bankers' do 4.86 a 4.86½ 4.89% a 4.90 Prime com. sterling do. 4.85 a 4.86 4.88 a 4.89 Paris (iranes) 5.15% a 5.14% 5.12½ a 5.11½ Antwerp (irancs) 5.15% a 5.14% 5.12% a 5.11% 6wiss (Irancs) 5.15% a 5.14% 5.12% a 5.11½ Amsterdam (suilders) 413/a a 41% 41% a 41% a a 95% 96½ Hamburg (reichmarks) 20% 95% Frankfort (reichmarks) 95% a 95% 96½ a 96% Bremen (reichmarks). 95½ a 95% 96½ a 963/8 Berlin (reichmarks) 953/2 a 95% 96% a 96% The foreign advices reported no change in the Bank of England rate of discount on Thursday. notwithstanding that the bank gained in bullion during the week £291,000. The proportion of reserve to liabilities is 47% per cent, against 45% a week ago. On Thursday £10,000 sterling was withdrawn from the bank on balance. THE VALUE OF THE FRANC. The long pending case in the United States su-

12. January 27, 1875 Ottumwa Weekly Courier Ottumwa, IA

Article from Ottumwa Weekly Courier, January 27, 1875

Click image to open full size in new tab

Article Text

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

13. January 27, 1875 Ottumwa Weekly Courier Ottumwa, IA

Click image to open full size in new tab

Article Text

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

14. January 29, 1875 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, January 29, 1875

Click image to open full size in new tab

Article Text

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

15. February 3, 1875 Ottumwa Weekly Courier Ottumwa, IA

Article from Ottumwa Weekly Courier, February 3, 1875

Click image to open full size in new tab

Article Text

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

16. February 5, 1875 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, February 5, 1875

Click image to open full size in new tab

Article Text

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

17. February 13, 1875 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, February 13, 1875

Click image to open full size in new tab

Article Text

MONEY AND COMMERCE FINANCIAL. There wasno change of note in the roain features of the financial situation. Business generally is quiet. Discount lines are high, and the opening of the spring trade is near the surplus funds for borrowers are therefore not abundant, as the demand is light. The market is firm, though well supplied, The principal borrowers are packers, and the grain and provision-men who have stuff to carry. The pressure from the latter for money has been marked. The amount of whest arriving and hold here is enough to employ a large amount of money. Beyond these, there are no features of especial activity. Rates of discount are 10 por cent at the banks toregmar customers to good outside borrowers concessions of 1 or 2 per cent are made. On the street, the market is dull. Borrowers are few. Rates range from 7018 per cent. New York exchange broke down to shipping rates, and was sold at 750 to $1 discount between banks for $1,000. Tue clearings were $3,000,000. THE GOVERNMENT AND THE COOK COUNTY NATIONAL BANK. Whatever may be the fate of the poor depositors of Mr. A len's Bank, of whom there is a distressingly been number, it is not likely that the National Gov. exament will lose much by the failure. The SubTreasury deposits in the hark were $153,000 the Poston deposits were $40,000, in round numbers ; total liability to the Government, $195,000. For this the Government holds $205,000 security. The bonds put пр L, the bank as security for deposits amounted to $ 50,000, par value. Their market value is about $177,000 : toe $100,000 of bonds to socure circulation are worth about $118,000. Subtracting the $00,000 necesany to rodeem circulation, $38,000 are left. This makes two total security in the hands of the Government $235,000. BUSINESS IN NEW ORLEANS. The N. Oricans Picayune says that the banks of that et, held OB Jan. 30, 1875, $2,000,000, or 60 per cent. no to currency and $1,730,000, or 14 per cent, m' re deposits than on the corresponding date of last your, and considers this accumulation of funds, though in part due to political cause, mainly attributable to the conservative tendencies of :business and the curtailment of advances. The Picayune says Did our merchants 80 desire, they could undoubtedly largely increase their business in many lines of trade; but they have wisely noted upon the lesson of the panic, and concluded to bring their business to a cash basis. Our merchants have had to correct & distortion of the commercial system unknown in other sections of the country. They have not to remove a few decayed branches, but to straighten the trunk of the tree, They have set to work manfully, and have already accomplished much. Reformations 450 never effected without disaster, and much suffering has undoubtedly resulted, but in the end all will be benefited by the change. If -LMR business in being 'done now it is on & safer havin. and in about as profitable. Lot us instance A see CTY morehant. whose Bales last year were $4,000,000, united. DATE $100,000 profit, bis grown profits being 5 per cent. Expenses $50,000, and losses from bad delits INV -1". Tals yoar, on sales of $3,000,000, expetises rocount (i) $40,000, and loss from bad debts to $20,000, he nearly as much. LUGTH INSURANCE COMP ANIES IN WEST VIRGINIA. We have observed in the Charlestown (W. Va.) Counce that & large number of organizations 1. r Insuran. 0 companies, with capitals varying from $100,000 to 1: 200,000, " fully paid up," have lately applied for and shtained charters under the laws of West Virginia. The stockholders are all heavy "capitalists from New York, Baltimore, Pittsburg, Chicago, and other places outside of that State. These sharpers recently discovored that the insurance laws of West Virginia are of the very loosest character, and that there W38 no other such opening in the country for bogue insurance companies. Hence, within a few months nearly every vil_ lage and court-bouse in that State has been honored with n new insurance company. The Legislature of that State has, however, taken notice of this state of affaire, and will, it is to be hoped, pass such stringent laws in behalf of the public as will arrest the further organization of these fraudulent concerns. GOVERNMENT BONDS. stad Asked

18. February 19, 1875 The Andrew County Republican Savannah, MO

Article from The Andrew County Republican, February 19, 1875

Click image to open full size in new tab

Article Text

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

19. May 13, 1875 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, May 13, 1875

Click image to open full size in new tab

Article Text

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

20. May 18, 1875 The Star Cincinnati, OH

Click image to open full size in new tab

Article Text

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

21. October 7, 1875 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, October 7, 1875

Click image to open full size in new tab

Article Text

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

22. October 17, 1876 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, October 17, 1876

Click image to open full size in new tab

Article Text

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

23. March 3, 1880 Daily Globe Saint Paul, MN

Click image to open full size in new tab

Article Text

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