Market Savings Bank (New York, NY)

Article Text

From New York

NEW YORK. Jan. 20. --The Market Savings bank closed this morning and it receiver was appointed. Erie Stockholders, representing a sum of about thirty millions, have issued a petition to the Legislature remonstrating against the present management of the road and asking the re peal of the classification bill. At a meeting of the Workingmen's Union last evening it was stated that several unions had recently withdrawn on the ground that the organization was a political one. Some twentyone unions. however, are represented. The Retrenchment Committee met this morning at the hotel. An agent of a steamship line testified that it has been the custour for a great many years to give the Custom House officer a gratuity of 810 or $20 after the steamship has left. but never as a bribe. Normon Stratton states that he succeeded Von Cleft as civil engineer at the Navy Yard. and he (Stratton) is not a lawyer as Von Cleft stated: but graduated as a civil engineer of Reusellear Institute. J.C. Watson. a Custom House storekeeper. stated that there is no arrangement between Leet & Co. and the inspeetors to harry goods as has been testified.

Article Text

THE MARKET SAVINGS BANK

Rumored Embarrnssment of the InstitutionThe Albany Bank Examiners Making an Investigation. Yesterday afternoon a rumor was current in Wall Street that a run had taken place on a savings bank, and a HERALD reporter, on making inquiries at the office of a prominent broker, ascertained that the Market Savings Bank, which occupies the second story of No. 82 Nassau street, was said to have failed, and a heavy run had taken place. It was late in the afternoon, however, before the affair was sufficiently ventilated to cause any crowd, and at three o'clock only six people were present, most of whom were receiving their semi-annual interest. On calling after three the reporter found the doors of the institution closed, but after a vigorous knocking a youth behind a lighted cigar appeared and demanded the visitor's business. On ascertaining its nature he called out, "Mr. Goddard, will you admit a HERALD reporter p" Mr. Goddard, one of the Vice Presidents, answered in the affirmative, and, winding his way around the long glass partitioned counter, confronted the scribe and appeared QUITE ASTONISHED when informed that a rumor prevailed in Wall street that a serious run on the bank had taken place. He denied that anything unusual had happened, and stated that they had always a large amount of money to pay in the month of January. He was disincurred to give any information until the arrival of the President, Mr. William Van Name who, however, failed to put in an appearance before six o'clock. at which time the clerks, who were very cross at being interrupted by Inquisitive visitors, left the establishment. Mr. Goddard, in the course of conversation, said that the examiners from the Bank Department were engaged on Thursday and yesterday in making an examination, and be could not furnish a list of the assets and liabilities, as all the documents were in the hands of these gentlemen. He declined 10 answer the question, sell ail depositors applying would be certainly paid 10-day," and stated that the press, by applying this morning, could obtain a printed schedule showing how the bank stood. The examiners will be there to-day and CONTINUE THE EXAMINATION. The reporters, finding this a barren field to work in, again sought the depositor who gave him the information and inquired the origin of the report. "Well," said this gentleman, "I was sitting in IL Y office when a friend came in and, knowing that I banked at this insultution, told me to get all the money I could out of it as there was sure to be a run. I went over and drew three checks, the largest or which I presented and received prompt payment, but it was after three before I got a chance to present the other two. That building over there is a nest for corporation thieves, and many of the depositors have looked with suspicion on the bank since the recent disclosures of the ring money transac. tions. You can't touch pitch and not be defiled. And tears are entertained that the bank officiale are in the Tweed boat.' THE OFFICERS. The Market Savings Bank has always borne a high character, and until the circulation or the present rumor was considered to be a very sound institution. The following 18 the list of officers:William Van Name, President; Calvin L. Goddard and Peter Voornis, Vice Presidents; Henry R. Conk. lin, Secretary; Messrs. Carpenter and Beach. Attorneys and Counsellors; Gershom Banker, Ellas J. Beach, Henry R. Conklin, William L. Cole, James S. Carpenter, James Dennis, Calvin L. Goddard, George E. Jarvis, Ell Martin, John R. Richard, Benjamin F. Sherman, William Van Name, Peter Voorh.s, Conrad F. Wettyen and George M. Woodward, Trustees.

Article Text

Barnard to appoint a receiver for the Market Savings Bank, and Judge Barnard appointed Mr. James Dennis, also a trustee, as receiver, and at ten o'clock this morning Mr. Dennis took charge of all the effects of the bank.

The immediate cause of the failure of the Market Savings Bank was the inability of a Wall street house to pay the sum of $119,000, which they hold as trust funds of the bank.

Article Text

ReUection on Our State

NEW YORK, January 21.-The Herald says the Market Savings bank suspended in consequence of the secretary investing one hundred and ,twenty thousand dollars in Tennessee bonds.

Article Text

The Run on the New York Savings Banks. NEW YORK, Jan. 22.-There is a large crow4 in Nassau street, composed of depositors in the Market Savings Bank. Cries of "Swindlers," "Robbers," "Highwaymen," are frequent, but no overt acts are committed. Excitement is visible on all countenances. No one is admitted to the bank but the receiver and officers of the broken institution. The general impression is that the statement will show unparalleled knavery. The retrenchment committee have decided to stay here another week. The run on the Third-avenue Savings Bank ceased to-day. A depositor to-day petitioned that the Bowling Green Savings Bank be declared bankrupt.

Article Text

NEW YORK

The Committee of Seventy NEW YORK, January 20.-The com mittee of Seventy at a protracted session last night, finally adopted a draft of a new charter for this city, as prepared by the sub-committee on legislation, and authorized that sub-committee to present the same to the Legislature and urge its adoption by that body. The new charter differs from the one originally drawn in the following respects: It provides for a single ballot for the Board of Aldermen, without abandoning the plan of proportionate representation; provides for the daily publication of city matters in the city record; omits from the organization the Department of Docks; adds street cleaning to the duties of the Department of Public Works; includes a plan for Police, Health, Fire and Building Departments under one branch of the Department of Public Safety; gives the subordinate appointments to the Heads of Departments on the nomination of the Chiefs of the Bureaus; makes the Commissioners appointed by the Mayor Chairmen of the several Departments; extends the duties of the Department of Finance, and reduces the number of Commissioners of Education. The document is now complete and will be sent to Albany in a few days. Insane. Last night Lawrence Oliver, convicted in the Court of General Sessions for killing John O'Brien, and sentenced to be hanged, was taken to the State lunatic asylum, at Auburn, by a deputy sheriff, Governor Hoffman having, on report of a medical commission, decided him to be insane. The Grand Jury of the Court of Oyer and Terminer will probably bedischarged to-day. The General Session jury, being relieved of this bar to their action, will then resume their work of investigation into municipal frauds. Another Bank Failure. The Market Savings Bank, 82 Nassau street, wound up business this morning by closing its doors to its depositors. The rumor yesterday that one of its officers had dabbled in stocks and lost, caused some excitement among depositors, and many drew out their deposits. This morning the crowd increased, but no doubt at the usual hour of opening there was an intention of doing 80 on the part of officials. A notice was hung up on the outside with the words "Bank closed, a receiver being appointed," written on it. The crowd was much excited at the suddenness of the crash. Examiners are now busy on the books, and a short time must elapse before the true state of its finances can be known. The deficiency is said to be over $100,000.

Article Text

NEW YORK ITEMS

NEW YORK, January 20. Erie stockholders, representing thirty millions, protest to the Legislature against the present management. Several Unions have withdrawn from the Workingmen's Union, on the ground that the organization is political. The Market Savings Bank has been closed. A receiver has been appointed. The German Reform Central Committee have adopted a resolution denouncing the city bills recently Introduced at Albany.

Article Text

NEW YORK

Small-pox-The Runs ou Banks. NEW YORK, January 22. -There were twentyfive deaths from small-pox and ninety-three cases reported during last week in this city. It is understood that the American Atlantic Cable Company intend to begin soon laying the cable from the extremity of Long Island to a point on the English or Dutch coast. B. L. Beekman. receiver of the Union Square national bank. expects to pay a dividend of fifty per cent. about February 10th, and requests all depositors to call and prove claims. It is rumored that the run on the Thirdavenue savings bank still continues. It has now lasted ten days. with but little diminutation since the commencement, and over $2,000,000 have been withdrawn. Tweed, Hall and Connolly, despite conflicting rumors. which have been circulating during the past few days concerning their flight, are still in this city. Connolly's bondsmen will justify to-day. At the Fifth Avenue Hotel last night the subject of discussion was the failure of the Market Savings bank, and it is anticipated that runs on several other savings banks may be made immediately. The cause of the Market Savings bank failure was the inability of the Broad street firm of Heiser & Co. to pay a draft of $120,000 for Tennessee bonds due by them to the bank. The chamber of pammerce received a letter from Augustus Adee. United States charge d'affairs. U. S. legation. Madrid, remitting £314 sterling, being the receipts from the performance at the Royal opera house given under patronage of the king and queen of Spain for the Chicago sufferers.

Article Text

New York Items

NEW YORK, January 20.-The investignting committee continues its sessions here next week. Erie stockholders, representing $30,000,000, protest to the Legislature against the present management of that road. Several unions have withdrawn from the Workingmen's Union on the ground that the organization is political. The Market Savings Bank is closed, and a receiver has been appointed. City Chamberlain Palmer says there is $500,000 belonging to the city on deposit in the Broadway Bank that the Comptroller is at liberty to draw upon. This will pay the police their back wages. The principals of some of the public schools to-day made a request for the vaccination of the children under their charge. There were twenty-five deaths from smallpox during the week. Ten new cases were reported yesterday. Minister and Madame Catacazy departed for Europe to-day. Catacazy has high hopes for the American people notwithstanding their present bad and corrupt Government. The deficit in the Market Savings Bank, which closed this morning, amounts to $100,000. The excitement around the suspended Market Savings Bank this afternoon was very great. A crowd of indignant depositors blocked up the streets and indulged in vigorous threats against the officials. John Russell, a messenger of the Metropolitan Bank, was robbed to-day of $23,000 in gold certificates and a quantity of notes and bonds, No arrests havens yet been made.

Article Text

Something is certainly wrong with the Savings Banking system of the State. Possibly the popular suspicion of some of the Savings institutions of this city is unfounded; but there have been several flagrant instances of mismanagement of these banks, of which the latest is that of the Market Savings Bank. It is incredible that any body of intelligent directors should permit an officer of the bank to take the securities of the concern into Wall-st. and hypothecate them for speculative purposes, and carry on this practice for years; but this is just what has been done, it is said, by one of the officers of this institution, which is now in the hands of a receiver. This is downright robbery of the poor, and the scandalous misconduct of this and other Savings Banks calls imperatively for legislative interference. As things are now, individual responsibility appears to be the only security of the poor depositors.

Article Text

Private cables from London state that over six millions of Northern Pacific 7-30 bonds were sold during the first five days after the introduction of the loan.

Miscellaneous—A large crowd of indignant depositors were around the Market Savings bank, on Nassau street, but no violence is yet committed. It is stated that the bank exhibit will present evidence of great knavery It is rumored that the Manhattan Savings institution has suspended.

LONDON.

LONDON, January 22.—The money market at the close was as follows:

Consols, money 92 1/2 | U. S. 5-20s 1865 93 1/4 Consols, account 92 5/8 | U. S. 5-20s 1867 93 3/4 U. S. 5-20s 1862 92 1/4 | U.S. 10-40s 92—

PARIS.

PARIS, January 22.—Rentes, 56f. 45c

FRANKFORT.

FRANKFORT, January 22.—United States securities—five-twenties of 1862, 96 1/2.

Article Text

NEW YORK CITY

I NEW YORK, January 22.-A large crowd of indignant depositors surround the Market Savings Bank on Nassau t street, but no violence has yet been committed. It is stated that the bank exLibit will present evidences of great knavery. Wm. Waix has been sentenced to 1 twenty years imprisonment for rape on a little girl. The Custom House Committee have decided to remain here another week. Tweed's constituents request him to either go to the Senate or resign. It is stated that Tweed only wants to buy two g more members of the Legislature to secure him from expulsion, and that he is waiting 3 to obtain them. The police of this city propose a testimonial to the memory of Fisk. It is rumored that the Manhattan Savings Institution has suspended. The Investigation Committee will leave for New Orleans on Wednesday. The National Labor party expect there will be about 2,200 delegates to the Columbus Convention. ) Representative McKinney, of Ohio, has ) been sick for two weeks. 3 The Ways and Means Committee will soon report on the Syndicate. King's distillery at Williamsburg was damaged $15,000 by fire yesterday. Insured. Rev. Dr. J. D. Bradley delivered a sermon yesterday in the Forty-third Street Church, Episcopal, announcing his seces. sion and his adoption of the Catholic religion. He was educated at Oxford University, England. John Gloss was assaulted and stabbed and cut in seventeen places last night by James Costello for abusing the latter in a vituperative manner. Gloss presented a shocking spectacle when taken to the station, being covered with blood. His face and head were hacked lawfully. The assault was made with a large carving knife which Costello was using in his restaurant, where Gloss had just ordered supper. Gloss will die. The grand jury have had a number of prominent bank officials before them to testify relative to the balance accounts of the officials. A teacher in school No. 25 was committed for trial this morning for rape on two littie girls. Mayor Hall to-day suggested to the Boards of Aldermen the appointment of a committee to draft and propose such amendments to the charter as they may suggest themselves, to be submitted to the Legislature in connection with the proposed new charter. The rumored failure of the Manhattan Savings Bank is untrue.

Article Text

New York Items

NEW YORK, January 22.-Rev. Dr. J. D. Bradley has renounced the Episcopal for the Catholic Church. Three persons-two nich and one woman-are reported killed this morning. Mr. Leet, before the investigation committee, exonerated Generals Porter and Babcock from sharing the profits of the "geneaal order" business. A man recently convicted of rape has been sentenced to twenty years' imprisonment. A large crowd was assembled around the Market Savings Bank to-day. Cries of "swindlers, robbers," &c., were indulged in, but no overt act was committed. The general impression is that the statement willshow unparalleled knavery. A rumor which prevails that the Manhattan Savings Bank has suspended is untrue.

Article Text

NEW YORK

Retrenchment Committee Investigationsa of Raper-Twenty Conviction Years' Imprisonment-Indignant Savings Bank Depositors-Arrivals. NEW YORK, January 22.Mr. Leit, before the retrenchment investigating committee, exonerates Generals Porter and Babcock from sharing the profits of the general order of business. A raper, recently convicted, has been sentenced to twenty years' imprisonment. A large crowd around the Market Savings' Bank to-day, greeted that institution with cries of "Swindlers, robbers," etc., but no overt act was committed. The general impression is, the statement will show unparalleled knavery. Rumors prevail that the Manhattan Savings Bank has suspended, but are untrue. The retrenchment committee will remain another week. Arrived out-Steamships Idaho, Queen and Silesia. Monev easy at 6@7 on call loans. Sterling exchange heavy but lower. Gold 109 @ 109 1/s. Loans were made at from 3 to 6 P cent for carrying. State bonds quiet; Tennesses, old, 67, new 67; Virginias, old. 49, new 50: Louisianas, old, 52, new 50; levee sixes 60, eights 70; Alabama eights 90, fives 60; Georgia sixes 70, sevens 84; North Carolinas, old, 35, new 16: South Carolinas 50, new 27. Evening.-Governments steady all day; at the close, sixes of 1881 were off 1/8, and live-twenties of 1864 and 1865 were up 1/8 as compared with Saturday's prices. Closed very strong; 1881s 115%; 1862 1101/4: 1864 1101/2; 1865 1115% new 111: 1867 1121/2; 1868 1121/2; ten-forties 110 %.

Article Text

Athens Post

Athens, Thursday, 25, 1872. Savings Banks. From the general smashing among the Savings Banks Northand West, it is not likely people will hereafter cultivate much confidence in such institutions. The latest case is the Market Savings Bank, New York, which suspended last Saturday, with a reported deficit of one hundred thousand dollars.

Article Text

It is reported that another stupendous fraud has been unearthed in New York, it being asserted that Secretary Conklin, of the Market Savings Bank, is a defaulter to the extent of $400,000. A warrant of attachment against his property has been issued by the receiver of the bank. Conklin admits having appropriated to his own use $125,000, belonging to the bank.

Article Text

Widows and Orphans' Funds

NEW YORK, January 21.-Conklin, the secretary of the Market Savings Bank, is reported to have disappeared, on account of his dread of arrest for his mismanagement and ruin of the bank. He was a prominent member of the Young Men's Christian Union, and heretofore stood very high. The bank's affairs look worse and worse. It is feared that it will not pay over twentyfive cents on the dollar. It has been regarded as one of the safest concerns for savings in the city, and had a large amount of widows and orphans' funds. Its suspension has greatly shaken confidence in all the savings banks here, and it is believed that runs will be made on many more and that suspensions must take place. There is much danger of a panic among the savings depositors.

Article Text

Judge Barnard, with his accustomed dieregard of the wishes of litigants who are 80 unfortunate as to come before him, lately appointed James Dennis Receiver of the Market Savings Bank, in direct opposition to the request of the stockholders. But public protest against what was clearly an improper appointment and a violation of duty has forced him to recede from that position, and the obnoxious Receiver whom he appointed at first has had to give way to one whose qualifica. tions commend him to the stockholders. It is 80 seldom that Barnard is decent even on compulsion, that this act ought to be fully recorded.

Article Text

From New York

New YORK, April 10.-The World says. that ou Friday last a private meeting was held in this city, of young men of the republican party who are opposed to the re-nomination of President Grant that a complete central organization was formed and clubs in some fourteen or fifteen wards established at that time. It is expected that thirty clubs will be thoroughly organized shortly. They do not express their preference for any one person as a candidate for the Presidency. The World also says many of the leading republicans here, among others Marshal O Roberts and A. T. Stewart, are reported to have expressed their intention of attending the Cincinnati Convention. Henry R. Conklin, the fugitive Secretary of the collapsed Market Saving's Bank, was indieted Tuesday for forgery, in that he had used fictitious names for the purpose of abstracting the funds of the bank. Other indictments are to be found against him. There is an unfounded rumor of the indictment of Mr. Van Naine, President of the bank. An officer yesterday went to Washington to procure a demand for the extradition of Conklin from the Canadians to bring him back from Montreal. Conklin's friends say that startling revelations of the frauds may be expected on the trial. A parent has sued the health department for $10.000 damages, for the forced vaccination of his child, charging first, assault upon the child and second the introduction of scrofula into its system. The result of the election in Jersey city yesterday was the choice of 0 Neill, democrat, for Mayor, seven republican Aldermen, and eight republicans to the Board of Education, which give majorities to both those boards, and a republican unajority in the Board of Freeholders. The Japanese Embassy visited Newark yesterday. They return to Washington to-day. The report of the Judiciary Committee of the Bar Association which has been pressing the investigation into the conduct of Judges Barnard and Cardoza say, although no direct pecuniary bribes are expected to be found, still they had traced presents received from successful litigants and political favorites. The pow er to issue injunctions, appoint referees and receivers and make allowances the committee states, has enriched the favorites regardless of damage to other parties. They instance the case of James Fisk against the Union Pacific Railroad which caused a loss of five million dollars to the company, Judge Barnard boasting of the terror the order created. Another was the Black Friday case, wherein Barnard compelled the Bank of New York, then insolvent, to pay all its assets, amounting to $400.000, to the brokers of Fisk, Gould & Co., and $15,000 to the receiver of his own appointment, leaving other creditors without a cent. The justification for this action is that the plaintiffs and bank officers consented to it; but the bank officers say consent was wrung from them and the bank suffered a loss of between $200,000 and $300,000 within forty days. The suit of the English stockholders of Erie against Fisk and Gould, in which John H. Coleman was appointed receiver is another case. Within one hour after this the suit was discontinued. One Robinson, keeper of the Erie Company's cattle yards in Jersy was appointed a receiver in return for a loan of $3,000 which he gave to Judge Barnard in a check of Jay Gould and which Barnard gave to Coleman for some land speculation. Judge Barnard also appointed a manager for a railroad eight hundred miles long, running throuh three Western states, and the result was the loss of $2.000,000, from which the road has never recovered.

Article Text

THE COURTS

SAVINGS BANK CONTROVERSIES.| DEPOSITORS OBJECTING TO AN ASSIGNEE'S CLAIMS. E. T. Gardner, attorney, and Charles Matthews, counsel for the Depositors' Committee of the bankrupt Market Savings Bank, appeared before Register James F. Dwight yesterday afternoon and asked for a continuance of the case until they could cross-examine the assignee. F. W. Worth, who is now in Europe. Wm. Man, counsel for Mr. Worth, stated that his client would sail on Sept. 11, and wished to be heard as soon as possible after his arrival. The proceedings were adjourned to Oct. 8. In regard to the $33,000 demanded by the assignee as extra compensation for himself and counsel for services from April, 1872, to June, 1873, the depositors claim that the labor performed thus far has been merely clerical, and that the most difficult claims still remain to be handled; that, although $400,000 has been collected and about 38 per cent paid as dividends on the face value of deposits, Mr. Worth has received $3,900 for this by percentage, and while willing that he should receive a reasonable remuneration for his services, they consider this extra allowance exorbitant. R. M. Bent, Secretary of the Depositors' Committee. makes an affidavit that Mr. Worth, who was formerly Receiver. asked to be made Assignee, and said he would charge nothing for his services in the former capacity If he should receive an appointment to the latter position, a point in the testimony for the other side. VIOLATION OF AN ACT OF INCORPORATION. Judge Daniels has announced his decision in the suit of the people, ex rel. Wm. Lloyd, against Robert Murray and others, Trustees of the Mechanics' and Traders' Bank, in which a motion was made some days ago, for an injunction to restrain the defendants from acting as Trustees of the Bank on the ground that they forfeit their position by accepting similar offices in other banks of deposit. Justice Daniels holds the acts to be salutary in this respect, and not to be set aside for frivolous reasons, and that some of the defendants, if not all, have violated it, but holds that the suit is in substance one to remove officers for insurpation, which before the Constitution of 1846 was a common law suit triable by jury. and in which, therefore, the defendants have still a right of trial by jury before removal. Au injunction, therefore, he holds, is not proper unless other équitable grounds show its necessity, and he denies the motion, leaving the plaintiffs to the slower common law remedy.

Article Text

Francis W

Worth, receiver of the Market Savings Bank, of New York, died of Cholera on the 16th inst., while on his way from Havre to New York. He was buried at sea.

Article Text

From New York. NEW YORK, Sept. 27.

ARRIVED. The steamship Maine from Bremen.

SHIPMENTS. The specie shipment to Europe to-day amounts to $153.751.17, of which $50.000 is in gold coin and the rest silver bars.

IMPORTS. The total imports for the week is $10,- 902,486, of which $7,464,702 was merchan- dize, and $3,437,766 dry goods. The am- ount of dry goods marketed was $3,803,- 835.

CHOLERA ON A STEAMER.

Francis J. Worth, for nearly two years receiver of the Market Savings bank, died. as reported, of cholera on the Ville du Havre. The steamer reached here yester- day, and was quarantined by the health offlcials preparatory to overhauling. Mr. Worth had been traveling in Europe for his health, and wrote to his father here from Paris some six months since, com- plaining of a severe attack of cholera.

CITY VALUATION.

An investigation proves that the tax books of this city have been tampered with since first made up. Many houses on pro- minent avenues being taxed by the new fig- ures at only $8,000 while the valuation of the Grand Opera House, which, sold for over a million dollars, has been reduced to $330,000.

AFRICAN EXPLORING EXPEDITION.

A letter from Albert Bushnell, dated Gaboon, Africa, Aug. 4th, to president Daly of the American geographical society states that the German exploring expedi- tion left for the interior with the intention of crossing and establishing communica- tion between the eastern and western coast of Africa. The English Liyingston relief expedition was as St. Salvador arrived at the capital of Angolo The French ex- pedition is at Inenga on the Ogovi river.

FINANCIAL.

The amount of money which will be brought into the market by the action of secretary of the treasury in paying interesą on coupon and registered bonds is estimated at ten millions on coupons, but as most of these bonds are held in Europe the relief from them will not be felt for some time. The amount which will result from pay- ement of interest on registered bonds will be about four million dollars. The registered bonds are nearly a'l held in this country. The president of the First National bank here says that the immediata resumption of specie payment on the ground that such ac- tion will immediately add aighty million dollars of positive relief to the currency of the country.

Arrived, Batavia, from Liverpool. Immigrant arrivals for the past were 4,764.

At a meeting of the reform association last night it was stated that 22,000 voters of this city were members.

Article Text

NEWS OF THE DAY

Distinguished Wedding at Washington The Ashantee -Early Freeze in the Hudson. The Reconstructed French Cabinet ArehbishopLedochowski Imprisoned -The Bazaine Trial. New York Chronicles of Swindlers and Thieves-Inmense Amount of Grain Ice-BoundEtc., Etc. Ice-Bound PORT COLBORNE, ONT., November The ice on the Welland canal is pretty thick. The tug Jennie Griffin was cut through by it this morning and sunk. Vessels are still passing, and some twenty are on lake Ontario, bound through. The Hazaine Trial Progressing. PARIS, November 26,- In the trial of Marshal Bazaine to-day, M. Rouber testified in relation to the negotiations of Empress Eugenie in her endeavor save the Rhine army and to avoid the cession of territory. Farliest Freeze-Up of the Century. NEW YORK, November The navigation of the Hudson river, from this city to Albany, is suspended, landsteamers are going into winter quarters today. This is the earliest closing of navigation during the present century. Bishop Ledochowski imprisoned. BERLIN, November 25.-A fresh sentence has been pronounced against Archbishop Ledochowski for continuing unlawfully to institute priests. He condemned to years' imprisonment, and an additional fine of fifty-four hundred thalers. Distinguished Wedding. WASHINGTON, November 25.-Hon. Richard C. McCormarck, delegate from Arizona, was married this evening to Miss Elizabeth Thurman, daughter of Senator Thurman, at the latter's residence in this city. The wedding was attended by President Grant, several members of the cabinet, all the senators now in Washington, and other distinguished persons. The Ashantee Expedition. LONDON, November 26.-Later dispatches have been received from General Walsely, commanding the Ashantee expedition. They condemn the native auxiliaries as worthless, The Ashantees are in full retreat. Their main column. however, is within easy march of the British advance. The general is unable to overtake and attack them, owing to the tardiness and cowardice of his native allies. He e complains of the humiliating position in which he is placed in consequence of being obliged to depend such help. The Reconstructed French Cabinet. PARIS, November -The cabinet, reconstructed, is composed as follows: Minister of the interior, Duke de Broglie; foreign affairs, Duke de Cazes: finance, M. Pierre Magne: justice, M. de Heyre: war, General du Barnil: marine, Admiral D. Hornoy; public instruction and worship, M. Fourton; public works, M. de Larcey; agriculture and commerce, M. de Seilligny. Duke de Cazes is a new member of the cabinet. M. Beule, who was minister of the interior, has retired, and Duke de Broglie takes his place, relinquishing the foreign ministry to Duke de Cazes. These are the only changes made in the cabinet as it existed before the last resignation of the ministers. New York Chronicles NEW YORK, November 27. -Harry E Murray is the name of the salesman with Tiffany & Co. who robbed the firm of twelve thousand dollars worth of jewelry. When arrested he confessed his guilt, and with his wife assisted the police in recovering some of the articles stolen. The failure of Comptroller Green to replace the bonds of the city for nearly three million dollars will not embarrass the city departments, according to the mayor. Its only effect, he says, will be to delay the permanent improvements which were to be begun immediately, and that idle workingment might be employed. The comptroller thinks, notof withstanding his failure, the credit the city will be preserved. A dispatch from the collectors at Utica and Little Falls reports the canals frozen fast, and boating is over for the season. About five hundred boats, with a capacity of from twenty-five to twenty-eight hundred barrels each, are in the neighborhood of Utica, and the produce n board will have to be shipped by rail. The total amount of grain of the canal Wednesday was 1,581,459 bushels of wheat: 1,080,919bushels corn 470,072 bushels of oats; 341,44 bushels of barley; 89,257 bushels rye; 3504 bushels peas; making a total of 3,576,642 bushels. William Van Nome, formerly president of the closed market savings bank. and who has been in Ludlow street jail since June last on the charge of being concerned in the appropriation of one hundred thousand dollars, has given bail in ten thousand dollars. James H. Ingersoll and John D. Farrington, convicted ringmen, were lodged in the Toombs this morning. Twenty-two warrants have been issued for the arrest of up-town liquor merchants who are accused of defrauding the government out of special taxes. The new Roman cathedral on Fifth avenue is open to-day for visitors.

Article Text

Using Up a Broken Bank's Assets.

After the failure of the Market Savings Bank in this city Mr. Francis A. Worth, who was appointed receiver and assignee, employed Mr. Mann, of the firm of Mann & Parsons, as counsel to assist in closing up the affairs of the bank. Afterward, when Mr. Worth died, his counsel presented a bill of $10,000 for his services, which the creditors of the bank refused to pay. Hence a law suit. Testimony has been taken from time to time before Register Dwight, and yesterday the proceedings were continued. The principal points proved by the defendants were that Worth had said that he would charge nothing for his services previous to his regular appointment; that all of his services and his counsel's were not worth more than half of the fee charged. Mr. J. E. Hadnett and Mr. E. T. Gardner appeared for the creditors, and Mr. Mann appeared for himself and partner. Mr. Wm. Weston, a counsellor of forty years' practice, testified as an expert that assuming Mr. Mann had rendered all the services which he swore to, $5,000, with disbursements, would be a fair compensation. The Hon. Clark F. Whittemore agreed substantially with Mr. Weston.