4873. First National Bank (Delphi, IN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
1949
Charter Number
1949
Start Date
July 11, 1877
Location
Delphi, Indiana (40.588, -86.675)

Metadata

Model
gpt-5-mini
Short Digest
eb88867787aa0daf

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1877-07-20
Date receivership terminated
1881-10-15
OCC cause of failure
Losses
Share of assets assessed as good
93.2%
Share of assets assessed as doubtful
3.3%
Share of assets assessed as worthless
3.5%

Description

Multiple contemporaneous dispatches (Jul 11–12, 1877) report a run on and the subsequent closing of the First National Bank of Delphi (variously spelled Delhi/Delph in OCR) by the National Bank Examiner due to the failure of Dugan, Case & Shears (Dugan was president of the bank). The examiner closed the bank (suspension/closure) and later Comptroller/receivers issued dividends (1878–1879), indicating the bank entered receivership and did not resume normal operation. OCR variants of the town name (Delhi, Delph, Delphi) corrected to Delphi, IN.

Events (6)

1. March 25, 1872 Chartered
Source
historical_nic
2. July 11, 1877 Run
Cause
Bank Specific Adverse Info
Cause Details
Run was triggered by the failure of Dugan, Case & Shears (Dugan, the bank president, failed in Chicago); reports state assets exceeded liabilities by ~$50,000.
Measures
Bank met with heavy withdrawals; subsequently closed by the National Bank Examiner.
Newspaper Excerpt
closed the First National Bank of Delphi, Ind., on account of a run upon the bank
Source
newspapers
3. July 11, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by the national bank examiner as a result of the run tied to the failure of the president's firm (Dugan, Case & Shears).
Newspaper Excerpt
The national bank examiner for Indiana has closed the First National Bank of Delphi, Ind., on account of a run upon the bank
Source
newspapers
4. July 20, 1877 Receivership
Source
historical_nic
5. January 22, 1878 Receivership
Newspaper Excerpt
The Comptroller of the Currency ... First National Bank of Delphi, Ind., 25 per cent, making in all 50 per cent (dividend declared in favor of creditors).
Source
newspapers
6. April 8, 1879 Other
Newspaper Excerpt
The Controller of the Currency has declared a dividend ... First National Bank of Delphi, Ind., making in all dividends of 60 per cent (additional dividend declared).
Source
newspapers

Newspaper Articles (20)

Article from Daily Press and Dakotaian, July 11, 1877

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BY TELEGRAPH. An American Whaling Vessel Fired On By Spaniards. Thirty Men Killed by a Mine Explosion in Pennsylvania. The Orangemen of Montreal Were Induced Not to Parade To-Day. Only a Little Unimportant Foreign News. MISCELLANEOUS FINANCIAL EMBARASSMENT. Cincianati, July 11.-The national bank examiner for Indiana, closed the first national bank of Delhi, Ind., on account of a run upon the bank. ILLEGAL ARREST. Bosten, July 11.-A letter from Capt of the states that on the 20th he Tayler, Sun, whaling schooner of keys May Rising was cruising off in the south of Cuba, on the look out for whales. About 9 o'clock a. m. the school was sighted, and his mate, killed two small and were pursu-, Capt. Taylor whales, chief fired Atkins, by ing others when he was on a Spanish cruiser, and his chief mate taken and held as hostage till the rival of a mate prisoner, detained Spanish gunboat. board The of was five days on the when the ardeclared the papers cruiser, rived and Spanish gunboats correct. His detention at this particular time, in the midst.of school whales was a serious loss to Capt Taylor's vessel. DRINKING POWDER AND LEAD. Cleveland, O., July 11.-Henry Longfelder, a saloon keeper, of this city, after saturating all inflammable matter in his room with coal oil, set fire to it and shot himself in the mouth with a navy revolver about seven o'clock this morning. He died instantly. HIGHLY ENTERTAINED. Cincinati, July 11.- A quite large delegation of merchants of southern Illinos and Missouri., were being entertained by the board of trade of thiscity last evening, at the Highland house upon the Mount Adams. A formal reception was given them by the board to-day. They were taken in carriages through the Burnet Woods, zoological gardens, various parks and an oppertunity offered them to attractious of the as could be seen in city seejas many included a day's ride. GONE TO HIS MAKER. Harrisburg, July, 11.-Frank Wilwho B. in June 1876, was sen, Rudy, colored, murdered confessed executed John here this morning. He his crime some days ago. ACCIDENT. Cleveland, July 11.-It is reported one and two o'clock this an that afternoon, between explosion occurred in the mines of Brookfield coal com pany, located near Wheatland, Pa., on the line of the Erie and Pittsburg R.R. between Sharon and New Castle,Pa. Fourteen bodies have already been recovered. It is said that at the time of the explosion thirty or forty men were at work. SENATOR GROVER. San Francisco, July 11.-A Portland says press dispatch that before the committee Mr. state printer investigating Brown, and yesterday, chairman of the demorcratic county convention of Linn of no use of to secure money Co., testified he Grover's knew election. F. L. Porter, member of legislature of Linn Co., was intimate with who said not an office corrupt accept Grover, obtained he by would means. John Jray, of Salem, testified that Wilson, of the legislature, told him he had been offered money and refused it. Senator Palmer, of Benton county, testified that Stites' evidence, so far as witness was concerned, was absolately false, and branded Stites as a perjured scoundrel. He admitted he had been tendered the position of superintendent of the penitentiary by Chadwick, after the election. He did not accept, because it would not pay, and for many other reasons. OBITUARY. New York, July 1.-Prof. S. Tenney, of Williams college, died recently in Michigan.


Article from Public Ledger, July 11, 1877

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National Bank Closed, CINCINNATI, July 11.-The national bank examiner for Indiana has closed the First National Bank of Delhi, Ind., on account of a run upon the bank, owing to the failure of Dugan, Case & Sears, of Chicago, Dugan being president of the bank. The assets are said to be $50,000 in excess of the liabilities.


Article from The Rock Island Argus, July 11, 1877

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Cincinnati Hospitalities to Illinois and Missouri Excursionists CINCINNATI, O., July 11.-The - national bank examiner for Indiana closed the First National Bank of Delhi, Indiana, on account of a run upon the bank. CINCINNATI, July 11.-Quite - a large delegation of merchants of Southern Illinois and Missouri are being entertained by the Board of Trade of this city. Last evening at the Highland House upon Mt. Adams a formal reception was given them by the Board. To-day they were taken in carriages through Burnet woods-the zoological gardens-the various parksand an opportunity afforded them to see as many attractions of the city as could be included in a day's ride,


Article from Alexandria Gazette, July 11, 1877

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From Washington. [SPECIAL DISPATCHES TO THE GAZETTE. WASHINGTON, July 11.-The President now determ in to his office at the Executive mansion every morning from his summer's scat at the Soldiers' Home and spends nine hours in publie business I: is announced that bereafter he will generally remain in the country on Saturdays. VIRGINIA NOTES. Susan Wright was appointed postmistress at Warwick C. 11., Vs., this afternoon. There are now but three mail routes, all small ones, unlet in Virginia. During the first half of this year eighty-one new postoffices were made in Virginia. TREASURY DEPARTMENT. The Treasury Department announces that gold and silver coin which has suffered abrasion will be received by weight in payment for the 4 per cent. bonds. The logg in this will be very slight. NAVY DEPARTMENT. Dispatches from the Mediterrancan squadron announce all well. The steamship Lancaster, from Salem, for Philadelphia, and the sohooner M. M. Pote, from Philadelphia, for Salem, with a cargo of coal, collided yesterday off Chatham during a thick log, sinking the schooper in three minutes. The crew were saved and landed at Martha's Viucyard. One man was considerably injured. The foreman of the grand jury which indicted the Louisiana returning board states that there were only four democratic members out of sixteen. Gov. Nichols statesthat he is very sorry any action has been taken but still adheres to the determination of pardoning them it convicted. Arrests have been made by officers of the secret service of Wallace W. Gordon, a graduate of West Point, Henry W. Neil, Jas. R. Noil and Andrew P. Edwards, residents of Teunessee, acensed of dealing in counterfeit money. The passenger train on the Fort Wayne and Muncil railroad was ditched last evening fifty miles south of Fort Wayne, fatally injuring John Strain, engineer, and slightly injuring Superintendent Worthington and fireman Vanleison. A prominent Jewish banker of Wall street, New York, has received an invitation from Judge Hilton to occupy the best suite of rooms at the Grand Union Hotel at Saratoga. The testimony in the case of the Oregon Senatorship yesterday was to the effect that DO money had been used to accure the election of Senator Grover. The First National Bank of Delphi, Indiana, has closed, owing to the failure of the Dugan Case and Shears of Chicago. W. B. Moore, special Treasury agent, who was some days ago assigned to Charleston, S. C., has been dismissed. J. C. Wilson's hardware house in New York has suspended.


Article from The Daily Gazette, July 12, 1877

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General News. The Louisiana Levee Company have brought suit against the State of Louisiana for $1,708.00 alleged to be due for work done on the levees. J. Clarke Wilson, hardware commission merchant, of New York, has suspended. His liabilities are $100,000. The failure of Buttle & Leeds, straw goods mannfacturers, of New York, IS also reported. Their liabilities are stated at upwards of $150,000. The suspended German Bank of St. Louis, is said to owe its depositors $210,000. It is thought the assets will meet all demands; if not, 36 per centum of the capital stock of $300,000, which has not been paid in, will be called for to cover the liabilities. The First National Bank of Delhi, Indiana, has been closed by the Examiner, on account of a run upon it. The cause of the run was the failure of Dugan, Case &Shears, of Chicago, Dugan being President of the bank. It is said the bank's assets are $50,009 in excess of its liabilities. Another Spanish cruiser is reported to have insulted the American flag by overhauling the American whaling schooner Rising Sun off the South Keys of Cuba on the 20th of May, and detaining the chief mate for five days. until a Spanish gunboat arrived and her commander examined the schooner's papers.


Article from The Cheyenne Daily Leader, July 12, 1877

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TELEGRAPHIC TICKS. don Potato bugs have been discovered in Dublin. The Upper Canada Bible society have sent 500 Bibles to St. Johns. The Earl of Beaconsfield is about to resign the premiership of England. The Boston wool market is firm and manufacturers are operating freely. The constitutional convention of Georgia met and organized at Atlanta yesterday. The Canadian government has taken every precaution against riot at Montreal to-day. Prof. S. Tenny. of Williams college. died in Michigan, yesterday, where he was visiting a sister. A m eting of railroad freight agents is being held in Chicago, with the objeet of pooling trunk lines. J. Clark Wilson & Co., hardware commission merchants of New York, have suspended; liabilities, $100,000. The amount received from indirect taxes in France for the first six months of 1877 exceeded the estimate by $5,000,000. Frank Wilson, colored, who murdered John B. Rudy in Pittsburg, in June, 1876, was executed at Harrisburg on Wednesday morning. The liabilities of the German bank of St. Louis to depositors are said to be $210,000. It is believed the assets will be ample to meet all demands. The Philadelphia Times says that the passwords of the Mollie Maguires we publi shed to show that the organization is "honey-combed with spies." John Green, of Randolph county. Mo, who shot and killed his wife last Friday, was taken from the jail Tuesday night by about 50 men and hung. The national bank examiner for Indiana has closed the First National bank of Delphi, Ind., on account of a run on the bank caused by the failure of its president. Henry Langfeldon, a saloon-keeper at Cleveland, Ohio, after saturating all the inflammable matter in his room with coal oil, set fire to it. and then shot himself in the mouth with a revolver, on Thursday morning. He died instantly. The parties charged with ditching a train on the St. Louis and Sun Francisco road on the night of June 2d, whereby the engineer, fireman and one passenger were killed, have been indicted for murder by the grand jury of e Wayne county.


Article from The Wheeling Daily Intelligencer, July 12, 1877

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Business Embarrassments. NEW YORK, July 11.-J. Clark, Wilson & Co., hardware commission merchants, have suspended. Liabilities $100,COO. CINCINNATI, July 11.-The National Bank Examiner for Indiana has closed the First National Bank of Delphi, Ind., on account of a run upon the bank, owing to the failure of Dugan, Case & Spears, of Chicago, Dugan being President of the bank. Assets said to be $50,000 in excess of liabilities. ST. LOUIS, July 11.-Private dispatchea report the suspension of the Pike County Bank, at Louisiana, Mo., to-day. It is said the depositors will be paid, but there will be little left for the stockholders.


Article from The Wheeling Daily Register, July 12, 1877

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. Bank Closed. CINCINNATI, July 11.-The National bank examiners for Indiana have closed the First National Bank of Delphia, In diana. on account of a run upon the bank owing to the failure of Dugan, Case & Spears. of Chicago, Dugan being pre-ident of the bank The assets are said to be $50,000 in excess of the liabilities


Article from National Republican, July 12, 1877

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SUMMARY OF THE NEWS The national bank examiner of Indiana has closed the First National bank of Delhi on account of the run upon the bank owing to the failure of Dugan, Case & Shears, of Chicago; Dugan being president of the bank. The assets are said to be $50,000 in excess of the liabilities. A passenger train on the Fort Wayneand Muntee Tailroad was ditched on Tuesday eventng City miles south of Fort Wayne, fatally injuring John Strain engineer, and slightly injuring Superintend eut Worthington and Fireman Vandetson J. Clark Wilson & Co., of New York, hardware commission house, have suspended. Liabilities, $100,000. The steamship Laneaster from Salem for Phila. delphia, and the schoonor M. M. Pote. from Phila delphia for Salem, with a cargo of coal, collided on Tuesday off Chatham, Mass., during a this fog. sinking the schooner in three minutes The crew were saved. One than was accidentally injured A potato bug has been discovered in Dublin The endeavors of Servia to obtain N loan in Paris have been unsuccessful, and the agent has gone to London If he fails to procure the loan there he will proceed to Amsterdam and Berlin The British fleet at Besika bay, with the additious ordered by the admiralty. will present au aggregate of twenty-four vessels, with one hurt dred and fifty guns and a crew of seven or eight thousand men. A private telegram from ConMantinople of Mon day's date announces the death of Redit Pasha the Turkish Minister of War. No confirmation of the report has yet been received The first bale of cotton of the season was received at New Orleans yesterday from Brownsville Texas It was raised by Marion and Fallin Cameron coun ty. and weighed 475 pounds The bondsmen of McAllister, the defaulting custom-house deputy at St. Alban's Vt. have Laid up the total defalcation, amounting to about $1,680. McAllister surrendered all property in bis posses. sion for the benefit of his creditors Mrs. Eliza O'Connell, wife of Charian O'Conneit with her child. and Mrs. Mary O'Connor wife of Thomas B. O'Connor, and net TWO children were drowned yesterday, at Baton Rouge La. whille at tempting to cross the river 111 a skid The New York open board of uno Stock and Gold Exchange, 23 New street, dissolved yearerday by two-third vote. The constitutional convention of Georgin met at Atlanta, yesterday and organized Chortes J. Jeukins was choseu president Baseball yesterday at Louisville-Loutsvilles 14. Bostons 9. At Cincinnati Hartfords 6 Claimants 2. At Columbus-Sy State 4. Buckeye 0 All extra train and caboose runiding toward Greenfield, on the Fitchburg raffroad at Washell station. Mass. ran into a team. which WR the road, killing Ira Davis Mrs. Jonah Davis the mother. Mrs. Ira Wakefield Mrs Eugele kmat and Miss Nellie Lacey Mrs Brown lived half an hour, but the others were killed Instantly and eut up The locomotive was not running at a very great speed at the time General freight agents of nearly all the Western railroads held a meeting at Chicago yesterday and appointed a committee to investigate the pooling arrangements of the trunk lines and to report at M meeting to be held at Niagara Falls July 24 Agents of the Southwestern railroads also field a meeting and fixed new rates on grain from the Missouri river points to St. Louts and Chicago, which are four cents lower than those heretofote prevailing Frank Wilson, who murdered John B. Rudy. a rag peddler, in Harrisburg, Pa. on the 16th of last June, was hanged in the yard of the county prison yesterday morning. His case had previously been before the Supreme Court and Board of Pardons which bodies refused to interfere. He made sev. eral statements declaring his innocence of the murder, but admitting his participation in the rob bery of Rudy. O'Brien, foreman of the grand jury which in dicted the Louisiana Returning Board says that there were only four Democratic members on the jury out of sixteen Their action was entirely on their own volition no prominent politicians up. peared before the Jury until summoned Among the witnesses were Green. ex secretary of the board Blanchard, the ex-State registrar of votes, and several registrars and clerks who had been con. neeted with the manipulation He says there was plenty of testimony not only from witnesses but from documentary evidence to convict the He turning Board, not only of fraud but of perjury and of altering public documents The testimony is also stated to be very damaging to other promiment persons outside of the State. Gov Nichols adheres to his determination of pardoning them if convicted.


Article from The New York Herald, July 12, 1877

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BANK SUSPENSION. ---CINCINNATI, Ohio, July 11, 1377. The National Bank Examiner of Indiana has closed the First National Bank of Delph, Iud., on account of the run upon the bank. owing to the failure of Dugan, Case & Spears. of Chicago, Dugan being President of the bank. The assets are said to be $50,000 in excess of the liabilities.


Article from The Democratic Advocate, July 14, 1877

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FINANCIAL.-The First National Bank of Delhi, Indiana, has been closed by the Examiner, on account of a run upon it. The cause of the run was the failure of Dugah, Case & Shears, of Chicago, Dugan being President of the bank. It is said the bank's assets are $50,000 in excess of its liabilities. The Pike County Bank at Louisiana, Mo., is reported to have suspended Wed. nesday. It is said the depositors will be paid, but little will be left for the stockholders. J. Clarke Wilson, hardware commission merchant, of New York, has suspended. His liabilities ase $10,000. The failure of Buttle & Leeds, straw goods manufacturers, of New York, is also reported. Their liabilities are stated at upwards of $150,000. The Directors of the German Bank of St. Louis resolved on Tuesday to discontinue its business, and place its assets in the hands of an assignee. The business of the bank has been insufficient to pay expenses for some time past.


Article from The Emporia News, July 20, 1877

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patches report the suspension of the Pike County Bank at Louisana, Missiouri to-day. It is said that the depositors will be paid, but there will be little left for the stockholders. CINCINNATI, July 11.-The National Bank Examiner for Indiana has closed the First National Bank of Delhi on account of a run upon the bank, owing to the failure of Dugan, Case & Spears, of Chicago, Dugan being president of the bank. The assets are said to be $50,000 in excess of liabilities. Sr. LOUIS, July 14.BB M. Chambers, president of the Butchers' and Dovers bank of this city: makes an announcement this morning of the suspension of that bank. He says only fifty per cent. of the capital stock has been paid in, leaving $130,000 to be derived from that source if found necessary to secure depositors. Sr. LOUIS, July 14.-A run was started this afternoon On the Boatman's Savings bank, but the bank kept its doors open until 6:30 o'clock this evening, and promptly met all demands. The run was not very general, the largest single amount drawn being $300. The business of the bank progressed nearly as usual, and the amonnt received by it amounts to nearly half as much as was paid out. Runs were also made on the Union Savings association, North St. Louis Savings association, Franklin avenue German Savinger Lucas bank, Lafayette bank, Citizens' and Bank of St. Louis; but they were in no sense extensive. The demands were almost exclusively made by small depositors of the laboring class, and were met promptly, except in some cases where time deposits were called for and the banks stood upon the usual sixty day's notice. The aggregate drawn from each bank was comparatively small, and was easily met. Very few, if any, regular merchants or business men joined in the rans Sr. LOUIS, July 16. The North St. Louis Savings Association closed. its doors at half past ten. No statement has yet been made by its officers or directors. The Bank of St. Louis has closed its doors. The President, Jacob S. Merrill, says the depositors will be paid in time. 6P. M.-It is stated on good authority that all the large banks have declared their purpose to pay no more time certificates, except.in cases where distress or an unusual need of money is clearly shown. The Globe-Democrat special from Louisana, Missouri says at a meeting of the stockholders of the Pike county bank to-day, the directors reported the total liabilities of the bank at $115,000; net value of the assets about $70,000. The statement 16 made that depositors would receive dollar for dollar if time is granted. The capital of the bank was $400,000 with filteen per cent. paid in. The flurry of Saturday, occasioned by the condition of the banks, contrary to expectation, did not subside yesterday, but continued to-day and was materially strengthened towards noon by the elosing. of the North St. Louis Saving Association and the Bank of St. Louis. As on Saturday, however, the persons engaged in the run are almost wholly confined to small depositors of savings institutions and small shop keepers. No merchants or business men of any pretensiors are taking part in it. The four per cent. Government bonds and all securities, even those which command a premium, are being sought after or investment. BOSTON, July 17.-The Commissioner of Savings Banks has enjoined the Havenbill, Mass., Savings Bank from doing further business. ST. LOUIS, July 17,--The enforcement of the 30 days notice rules has stopped theyrunned the banks. The Brewer Savings bank closed to-day.


Article from New-York Tribune, January 23, 1878

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CURRENT TOPICS AT THE CAPITAL. LOYALTY PROMOTED BY VEGETABLES. WASHINGTON, Tuesday, Jan. 22, 1878. Yesterday General Sherman received from Major Brisbin, commanding the post at Fort Ellis, Montana, reports of the company gardeners for the year just ended. They state that the troops have for two years been constantly in the field during all the Summer, or growing months; yet both seasons they have had excellent gardens. The amount of perishable stuff produced was enormous. There have been no desertions from Fort Ellis for a long time, and the commander attributes this in a large measure to the manner in which the soldiers are fed and cared for. The vegetables raised were potatoes, onions, turnips, carrots, beets, parsnins, salsify, and cabbages. They were cultivated in twenty-six and a half acres, by companies F. G, H, and L, of the 2d, and company G of the 7th Cavalry. DRIBLETS FOR CREDITORS. The Controller of the Currency has declared a dividend of 45 per cent in favor of the creditors of the Third National Bank of Chicago, and 25 per cent in favor of the creditors of the Central National Bank of Chicago, payable as soon as the schedules are received from the receivers and examined. He has also declared dividends in favor of the creditors of the following banks: First National Bank of Norfolk, Va., 10 per cent, making in all 45 per cent; First National Bank of Delphi, Ind., 25 per cent, making in all 50 per cent; First National Bank of Duluth, Miun., 20 per cent, making in all 65 per cent, and 7 per cent in favor of the creditors of the First National Bank of Selma, Ala., in all 42 per cent. A SWEDE LEARNING FROM AMERICANS. Lieutenant Smolenski, of the Swedish Artillery, is passing a few days in Washington as the guest of Mr. Thomas P. Morgan, president of the Board of Fire Commissioners. Lieutenant Smolenski was one of the Commissioners from his country to the Centennial Exhibition, and while in Philadelphia became much interested in the American plan of dealing with fires in large cities. On returning to his home he obtained leave from his Government to come back and make a tour of American cities 110 order to give our Are systems a more complete examination. He is an enthusiast on this subject, spending much time in the engine houses and riding on the engines with the firemen when they are called out by an alarm. He will leave for Chicago in a few days.


Article from The Wheeling Daily Intelligencer, January 23, 1878

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NATIONAL BANK DIVIDENDS. The Comptroller of the Currency declared a dividend in favor of the creditors of the Third National Bank of Chicago of 45 per cent, and of the creditors of the Central National Bank of Chicago 25 per cent, payable as soon as the sched ules are received from the receivers and examined. He has also declared a dividend in favor of the creditors of the following banks: The First National Bank of Delphi, Ind., 25 per cent, making in all 50 per cent, and the First National Bank of Minnesota 20 per cent, making in all 65 per cent.


Article from The Princeton Union, January 30, 1878

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Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per cent., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 per cent., making 65 per cent. in all.


Article from The Worthington Advance, January 31, 1878

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Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per ccnt., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 percent., making 65 per cent. in all. French Protectorate for San Domingo. Late Havana advices give out the rumor that Spain will sign a treaty with San Domingo at the end of this month, assuring a protectorate over that island, causes great excitement in San Domingo and Hayti, and serves to increase the unpopularity of President Bolz. The-rumor is somewhat strengthened by the appointment of New Spanish Consuls at several parts of the Domingan Republic.


Article from River Falls Journal, January 31, 1878

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Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per cent., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 per cent., making 65 per cent. in all.


Article from The New Orleans Daily Democrat, April 9, 1879

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THE TREASURY. The 4 Per Cent CertificatesThe Condition of the National Banks-Dividends of suspended Banks - The Georgia Bonds. WASHINGTON, April 8.-The explanation given in treasury circles as to why Secretary Sherman refused the offer of heavy subscriptions for the $10 refunding certificates, to be immediately converted into 4 per cent certificates is that he wants the new form of loan to get among the people as far as possible, and all obstacles that can be thrown in the way of such attempted transactions as that referred to will be utilized. As the immediate conversion of the certificates into 4 per cent bonds would be a costly transaction for the treasury, they cannot, like greenbacks, be reissued when converted. The cost of printing would, therefore, be enormous. It is admitted, however, that had the party who made the offer alluded to above purchased the amount of certificates desired and presented them and demanded 4 per cent bonds in exchange he would not have met with a refusal, as the terms of the law leave the Secretary no discretion in the matter. The Controller of Currency has called for a report showing the condition of national banks at the close of business on Friday, the fourth day of April. The Controller of the Currency has declared a dividend of 75 per cent in favor of the creditors of the Farmers' National Bank of Platte City, Mo., making in all dividends of 100 per cent; also, a dividend of 10 per cent in favor of the creditors of the First National Bank of Delphi, Ind., making in all dividends of 60 per cent; also, a dividend in favor of the creditors of the National Bank of the State of Missouri, making in all dividends of 50 per cent. The dividends in favor of the two last banks will be paid as soon as the necessary schedules can be made by the receiver and checks signed by the Controller. There seems to be no doubt but that the new State bond of Georgia, mentioned in these dispatches yesterday, in its terms of issue evades both the constitution and law relative to States issuing bills of credit, and there is no danger that the Federal government will seek in any manner to interfere with the issue of these bonds.


Article from The Wheeling Daily Intelligencer, April 9, 1879

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DIVIDENDS FOR CREDITORS. The Comptroller of the Currency declared a dividend of 75 per cent in favor of the creditors of the Farmer's National Bank, at Platte City, Mo., making in all a dividend of one hundred per cent. Also a dividend in favor of the creditors of the First National Bank, of Delphia, Ind, of 10 per cent, making in all a dividend of 60 percent. Also a dividend in favor of the creditors of National Bank of the State of Missouri, of 15 per cent, making in all a dividend of 50 per cent. The dividends in favorof the last two named banks will be paid as soon as a necessary schedule can be made by the receiver and signed by the comptroller.


Article from Daily Globe, April 9, 1879

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GENERAL CAPITAL NEWS. FINANCIAL LEGISLATION. WASHINGTON, April 8.-Representative Kenna day prepared and put in circulation a petition requesting John F. House, chairman of the Democratic eaucus, to call a caucus for Friday evening next, in the language of the petition, with a View to providing by legisla-> tion at the present session for the free coinage of silver, the issue of bullion certificates based on either silver or gold, the substitution of greenbacks for national bank circulation, and the prohibition of any further increase of the bonded debt of the government under Democratic rule. Ten members are a sufficent number to procure a call for a caucus. The petition has already more than 60 signers, and indications are that it will meet the approval of such a number as to secure a movement immediately on the announcement of the committees in the direction of the financial legislation. in dicated. DIVIDENDS DECLARED. The comptroller of the currency has declared a dividend of 75 per cent in favor of the creditors of the Farmers' National bank of Platte City, Mo., making in all dividends of 100 per cent. Also a dividend in favor of the creditors of the First National bank of Delphi, Ind., of 10 per cent, making in all dividends of 60 per cent. Also a dividend in favor of the creditors of the National bank of the State of Missouri of 15 per cent, making in all dividends of 50 per cent. The dividends in favor of the last two named banks will be paid as soon as the necessary schedules can be made by the receiver and checks signed by the comptroller. A QUESTION OF PRIVILEGE. The House committee on rules met this afternoon for the purpose of considering the question which arose in the House this morning regarding the recognition of members desirous of participating in the general debate. It was decided that the custom of preparing lists, which for some time prevailed, is the most practicable, and the committee will recommend its continuance. and that the Speaker OF chairman of the committee of the whole of the House on the state of the Union shall use his discrection in recognizing one of two or more memb rs who shall attempt to address the House simultaneously. It was also agreed to recommend an increase of the membership on the judiciary committee from eleven, as here'ofore, to fifteen. The committee will also favor a modification of rule 145 of the House 80 as to require a vote of at least three-fourths of the members present to suspend the rules instead of two-thirds votes, as now necessary. The report of the committee covering the aboveand propositions previously agreed upon will be submitted to the House tomorrow, and as soon as the several recommenis dations are finally disposed of the Speaker will be able to announce the committees. British Columbia. SAN FRANCISCO, April 8.-Victoria dispatch: In parliament yesterday the leader of the government asked the house to adjourn till the to 16th inst., as he hoped by that time to get definite information regarding the railway. n The adjournment was carried unanimously. or Public opinion endorses the action of the house. A general wish is expressed that a peaceful solution of the difficulty may be aris rived at if possible. Since adjournment telegrams have been received from Ottawa stating that construction will be commenced this year 11 and the railway policy announced after Easter The Colonist intimates that sectional and route 8. differences must be barred, and the people of d. the island and mainland satisfied with railway construction anywhere within the province. c-