Ulster County Savings Institution (Kingston, NY)

Episode Information

Episode Type
Run → Suspension → Reopening
Start Date
September 19, 1891
Location
Kingston, New York (41.927, -73.997)
Bank Type
savings
Routing Number
50-0192

Metadata

Events (4)

1. September 19, 1891 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors reacted to discovery of large embezzlement by treasurer James E. Ostrander (initially reported $60–80k, later found to be ~$463k).
Measures
Paid deposits on demand; local national banks offered assistance; trustees issued reassuring statements.
Newspaper Excerpt
the continuous run on the bank by the anxious depositors. The bank was prepared for the emergency, and all deposits were paid on demand.
Source
newspapers
2. October 3, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after examiners found massive thefts by officers (Ostrander and Trumpbour) and inability to cover deficits; trustees and superintendent intervened and suspended operations.
Newspaper Excerpt
The Ulster County Savings Institution closed its doors and is in charge of Bank Superintendent Preston.
Source
newspapers
3. October 5, 1891 Receivership
Newspaper Excerpt
Nicholas E. Brodhead, of Kingston, was today appointed temporary receiver of the Ulster County Savings Bank, at Kingston. The receiver's bonds are $250,000.
Source
newspapers
4. February 9, 1892 Reopening
Newspaper Excerpt
The Ulster County Savings institution has resumed business. It is paying out 25 per cent. of deposits on demand. There has been no run and none is expected.
Source
newspapers

Newspaper Articles (25)

Article from The Morning Call, September 19, 1891

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CONDENSED TELEGRAMS

SAVANNAH (Ga.), Sept. 18.-Albert Morea, alias Grant Kitchen, a negro wife-murderer, was hanged in the County Jall this morning. BERLIN, Sept. 18.-At the experiment today at the Juterbogk, near this city, with a new style field piece, a shell exploded and seriously injured six persons. BERLIN, Sept. 18.-Dispatches from Zanzibar state that Lieutenant Lettenborn and sixty-five survivors of the Zalewski expedition have arrived at Bagamoyo. GAINSVILLE (Tex.), Sept. 18.-It is said there will probably be a general strike on the Santa Fe because of the laying off of conductors and brakemen without cause. GUTHRIE (O. T.), Sept. 18.-The Cherokees have given notice of an appeal from the decision of Judge Green, and will carry the case to the Supreme Court of the United States. DULUTH (Minn.), Sept. 18.-Mrs. Robert Kennedy. her son and her daughter, Mrs. R. W. Armstrong, are said to have fallen heir to a fortune in England valued at $9,000,000. BERLIN, Sept. 18.-The German press generally views the "Lohengrin" incident with indifference, some persons remarking the firmness of the French Government as reassuring. CINCINNATI, Sept. 18.-In consequence of revelations by Burglar Anderson. L. M. Hadden, an attorney, a d Cal Tucker, night watchman at the jail, have been arrested on the charge of aiding the prisoner to escape. CITY OF MEXICO, Sept. 18.-The Mexican Government has declared the concession granted Messrs. Ellis and Ferguson for the colonization of negroes in Mexico forfeited, on account of non-compliance with the contract. NEW YORK, Sept. 18.-The attachment granted by the Supreme Court in the suit of the Mexican National Railroad Company was dismissed to-day by Justice Pratt of Brooklyn upon filing an undertaking for $170,000 by the company. KANSAS CITY, April 18.-A Star special from Topeka, Kans., says the United States Savings Bank, which failed last March, was again placed in the hands of a receiver this morning. William Sims, ex-State Treasurer, is appointed receiver. PHILADELPHIA, Sept. 18.-Lincoln PerSOD, a noted desperado, one of a number of prisoners being taken to the Penitentiary, picked the lock on his handcuffs and then escaped by jumping from the train, which was going at the rate of forty miles an hour. ROME, Sept. 18.-The Pope's health is said to be better than for a long time. Nevertheless, his physicians insist more vigorously than ever that he observe their hygienic prescriptions in order that he may be strong enough to receive the various piigrimages now being organized. CHARDON (Ohio), Sept. 18.-The report has reached this city of the killing of three men at Montville, ten miles from here, by the explosion this morning of a boiler in a jelly factory. The entire building was demolished. It was reported later that two little girls were among the killel. EAGLE PASS (Tex.), Sept. 18.-R. H. Duncan was hanged here at 11:25 o'clock his morning. The crime for which He WAS xecuted was the murder, in February, 1889, of the Williamson family of four persons of Sansaba County, Tex. The motive for the murder will never perhaps be discovered. KINGSTON (N. Y.). Sept. 18.-The Trustees of the Ulster County Savings Institution have removed James E. Ostrander from the office of Treasurer. The amount misappropria ed is between $60,000 and $80,000. Ostrander is under arrest at his house, and will turn over real estate to cover his shortage.


Article from The Salt Lake Herald, September 20, 1891

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Excitement Over Ostrander's Defalcations

KINGSTON, N. Y., Sept. 19.-The excitement occasined by the defalcation of Treasurer Ostrander, of the Ulster County Savings institution, is intensified somewhat by the continuous run on the bank by the anxious depositors. The bank was prepared for athe emergency, and all deposits were paid on demand. All "the local national banks offered assistance in case of necessity. The defaulting treasurer is a prisoner at his home in the custody of the chief of police. Ostrander to-day made a general assignment of his property, giving preferences to his bondsmen.


Article from The Morning Call, September 21, 1891

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A DEFAULTING TREASURER Causes a Run on the Ulster County Savings Bank in New York. KINGSTON (N. Y.), Sept. 20.-The excitement occasioned by the defalcation of Treasurer Ostrader of the Ulster County Savings Institution has been intensified somewhat by a run for several days on the bank by anxious depositors. The bank was prepared for an emergency, and all the depositors were paid on demand. All the local national banks have offered to lend assistance in case of necessity. The defaulting Treasurer is a prisoner at his home, in custody of the Chief of Police. Ostrander has made a general assignment of his property, giving preferences to his bondsmen.


Article from Evening Journal, September 22, 1891

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Ostrander Goes to Jail

KINGSTON, N. Y., Sept. 22.-James E. Ostrander, the defaulting treasurer of the Ulster County Savings institution, charged with embezzlement, waived examination. He declined to make any statement and was committed to jail to await the action of the grand jury. The run on the bank is practically over. About $200,000 was paid out to excited depositors on Friday and Saturday.


Article from Waterbury Evening Democrat, September 22, 1891

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Held For the Grand Jury

KINGSTON, N. Y., Sep. 22.-James E. Ostrander, the defaulting treasurer of the Ulster County Savings Institution, was arraigned in the Recorder's Court yesterday afternoon charged with embezzlement. He waived examination. He declined to make any statement and was committed to jail to await the action of the Grand Jury. The run on the bank is practically discontinued. About $200,000 were paid out to excited depositors since Friday.


Article from The Evening Herald, September 22, 1891

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Held For the Grand Jury

KINGSTON, N. Y., Sep. 22.-James E. Ostrander, the defaulting treasurer of the Ulster County Savings Institution, was arraigned in the Recorder's Court yesterday afternoon charged with embezzlement. He waived examination. He declined to make any statement and was committed to jail to await the action of the Grand Jury. The run on the bank is practically discontinued. About $200,000 were paid out to excited depositors since Friday.


Article from Fort Worth Gazette, October 4, 1891

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GRAND SCOUNDRELS

They Are in Jail Now in Kingston, New York. GIGANTIC SAVINGS STEAL. Nearly a Half-Million Dollars Filched from Poor Men and Women. Leading Citizens of Ulster County Put Their Names to a Document Which Cruelly Deceives the Depositors. A Run on the Other Banks. A Huge Steal. KINGSTON, N. Y., Oct. 3.-The Ulster its savings institution has closed county and is in charge. of Bank Superin- exdoors Charles M. Preston. Expert tendent have been at work since Tuesday. aminers have found already that the enormous Treasand of $463,000 has been stolen by sum Ostrander and M. T. Trumpdour, the urer treasurer. and it is feared At assistant will reach over that amount. to midnight stealings Superintendent Preston with swore complaint charging Trumpdour per- cona in swearing to false statements to the jury tained in the July report of the bank was department, and Trumpdour Police banking at his house by Chief of arrested He had his clothes all packed He up and Hood. was preparing to flee from town. was Ostrander locked up was in jail. arrested about two weeks for embezzling $75,000 and was under night ago bond and his bondsmen last was $20,000 him over to Sheriff Dill and he turned locked up in jail. When Ostrander the also arrested there was a great run on banks was for three days but the other county bank to the rescue of the Ulster statecame bank and the trustees made a of mentshowing savings that there was a surplus by The statement being signed B. $247,000. well-known men as Judge Alton Judge such Gen. George H. Sharpe, WolParker, S. Kenyon, Postmaster Noah William John W. Searing of the Kingston had a ven, Leader, and othe reputable citizens, drew effect and depositors who The reassuring their money put it back. Trumpout adopted by Ostrander and of the system the latter being fully cognizant the dour, and assisting in concealing it for steal purpose of swindling the depositors, was a


Article from The Helena Independent, October 4, 1891

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Half a Million Stolen by Officers of a Bank at Kingston, 'X 'N Perjury and Deceit Freely and Effectively Used by the Palls A False Statement Lures Back Depositors Who Had Drawn Out-Other Bank Crooks. KINGSTON. N. Y., Oct. 3.-The Ulster County Savings Institution closed its doors and is in charge of Bank Superintendent Preston. Examiners have been at work since Tuesday and already have found that $463,000 have been stolen by Treasurer Ostrander and Matthew T. Trumpbour, assistant treasurer. and, it is feared At the stealing will reach over that amount. midnight last night Superintendent Preston swore to a complaint charging Trumpbour with perjury in swearing to state- the ments contained in the July report of bank to the banking department, and Trumpbour was arrested. He was just preparing to flee from the town. Ostrander for odu syoem OM3 was embezzling $75,000, and was under bonds for $20,000. His bondslast night turned him over to men Sheriff Dill. and he was also locked up in When Ostrander was arrested there but jail. a run on the bank for three days, was other banks came to the rescue of the Ulster County Savings institution and the of trustees made a statement showing a surplus $247,000. As the statement was signed by number of prominent men of the city. a who were directors of the bank. it had a reassuring effect and the depositors who drew out their money brought it back. The system adopted by Ostrander and Trumpbour was most ingenious, and for twenty years baffled the skill of expert examiners in the employ of the state. In carrying it out, deceit and perjury were frequently and effectively employed. The statement showed resources, $2,135,000; due depositors, $1,888,000: surplus, $247,000. It is impossible to tell or even conjecture the effect the closing of the bank will have the people of Ulster county. A majority of on the depositors were poor people. There two other savings banks in the city, the are Bondout and the Kingston, the trustees of


Article from Dziennik Chicagoski, October 5, 1891

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wachlarzy, kuglarze t. p., ktorzy zwiedzajacym wystawe przedstawia rozmaite japonskie wyroby i przemysl, W których kraj ten celuje od czasow niepamietnych. Telegramy Krajowe. Olbrzymie oszustwo bankowe W Kingston, N. Y. Nieszczescie W kopalni wegla W Pennsylvanii. Pañstwo Cleveland doczekali sie córki. Jay Gould juz zdrów. Szczesliwy ojciec. New York, 3 pazdziernika. Wczoraj krótko po pótnocy malzonka exprezydenta Clevelanda szezesliwie powila córeczke. I matka i dziecie wazace 8 funtow maja sie dobrze. Mnostwo podarunkow i kwiatów nadestano ze wszystkich stron szczesliwym rodzicom i nadeszty bardzo liczne telegramy Z powinszowaniem ze wszystkich stron kraju. Owych dziesieciu zbiegow. St. Louis, 3 pazdziernika. Przelozony wiezienia Kramer dzisiaj zlozyl raport merowi Modnan o wczorajszej ucieczce dziesieciu aresztantow. Przestuchat on wszystkich dozorcow i strozow i W poludnie uwiadomit stróza Fitzgeralda, ze zostaje tyinezasowo suspendowanym. Fitzgerald, ustepujac swojemu nastepcy, zapewnial, ze jest niewinnym. Nie otworzyt drzwi wiezniom i nie ma pojecia, jak ci mogli otworzyc drzwi i brame W przeciagu pieciu minut. Przez cate popoludniu klucza Z rak nie dawal. Policya i tajna policya zajely sie szukaniem zbiegow, ale dotychezas jeszcze bezskutecznie, Olbrzymie oszustwo, Kingston, N. Y.4 pazdz. Kasa Oszczednosci W Ulster County zamknela drzwi i znajduje sie pod dozorem dyrektora bankowego Charles M. Preston. Od ubieglego wtorzu rzeczoznawcy pilnie zajmowali sie sie, ze i jego przegladaniem przekonali pomocnik Mathew ksiag kasyer i T. Ostrander dotychezas $463000. Troumpbour skradli olbrzymia sume o pólnocy pan Preston postarat sie o rozkaz aresztowania Trumpbourna za


Article from The Dalles Daily Chronicle, October 5, 1891

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Receiver Appointed

TROY, N. Y., Oct. 5.-Nicholas E. Brodhead, of Kingston, was today appointed temporary receiver of the Ulster County Savings Bank, at Kingston. The receiver's bonds are $250,000. An injunction restraining the creditors and depositors from bringing attachments against the bank assets was granted by the court.


Article from Waterbury Evening Democrat, October 5, 1891

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STOLE HALF A MILLION

The Defalcation at the Kingston Bank Much Greater Than Supposed. KINGSTON, N. Y., Oct. 5.-All.Ulster County is in the greatest excitement over the closing of the doors of the U1ster County Savings Institution. Expert examiners have been at work since Tuesday, and have found already that the enormous sum of $468,000 has been stolen by Treasurer Ostrander and Matthew T. Trumpbour, assistant treasurer, and it is feared that the stealings will reach over that amount. 8 Superintendent Preston swore to complaint charging Trumpbour with perjury in swearing to false statements contained in the July report of the bank to the Banking Department, and Trumpbour was arrested at his house by Chief of Police Hood. He had his clothes all packed up and was preparing to flee from town. He was locked up in jail and there he remains. Ostrander was arrested about two weeks ago for embezzling $75,000 and was under bonds of $20,000. His bondsmen Friday night turned him over to Sheriff Dill, and he was also locked up in jail. When Ostrander was arrested there was a great run on the bank for three days, but the other banks came to the rescue of the; Ulster County Savings Institution, and the trustees made, a statement showing that there was a surplus of $245,000. The statement being signed by such well known men as Judge Alton B. Parker, Gen. George H. Sharpe, Judge William S Kenyon, Postmaster Noah Wolven, John W. Searing ef the Kingston "Leader," and other reputable citizens, had a reassuring effect, and the depositors who drew out their money brought it back again. The system adopted by James E. Ostrander and Matthew W. Trumpbour, the latter being fully cognizant of the stealing and assisting in concealing it, for the purpose of swindling the depositors and hiding the theft, which grew by degrees, was most ingenious, and for twenty years has baffled the skill of expert examiners in the employ of the State. In carrying it out, deceit and perjury have been frequently and effectively employed. The people had great confidence in the institution, and the deposits, from $546,873 in 1867, ran up to $2,196,070 in 1873. No matter what the state of the money market might be, it was always conceded by every one that the Ulster County Savings Institution was sound.


Article from Pittsburg Dispatch, October 5, 1891

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KINGSTON'S BROKEN BANK

DEPOSITORS RUSHING 1N TO LOOK AFTER THEIR MONEY. Many Suspected Persons Are Being Closely Watched by Detectives-Ostrander and Trumpbour Were High Livers-Heavy Runs Expected on Savings Banks. KINGSTON, Oct. 4.-[Speciat.]-The suspension of the Ulster County Savings Institution has been the all absorbing topic on this delightful October Sabbath. Persons against whom a. shadow of suspicion rests are being kept under close surveillance. Their houses are carefully watched day and night, and no positive avenue of escape is left open. Persons acting both in the interest of the bank and its depositors have secured the aid of detectives to assist in ascertaining what has become of the stolen money, and who were directly or indirectly interested in the plundering of the institution. Large numbers of the depositors in more remote towns of this and adjacent counties, who did not learn of the failure until late this afternoon, have been flocking to town to-day. Both Ostrander and Trumpbour have been extravagant and high livers. They feasted on the fat of the land at the expense of the depositors. On all sides it is asserted that wine, women and stock speculation have been their ruin. At a meeting of the Board of Trustees of the Kingston Savings Bank it was decided to take advantage of the 60 days' notice, and that institution will not be open for business to-morrow. This will greatly intensify the excitement, and runs on the savings bank are feared. Meetings were held by bank officials last night, and consultations were had to-day to devise plans of operations should the predictions be verified tomorrow. Messengers have been sent to New York and other places to obtain sufficient cash to meet the prospective run.


Article from Evening Journal, October 6, 1891

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Brodley Made Receiver

KINGSTON, N. Y., Oct. 6.-Judge Fursman, of Troy, has appointed Nicholas E. Brodley temporary receiver of the Ulster County Savings bank. He was for many years cashier of the Kingston National bank and was vice president of the defunct institution. The appointment gives great satisfaction.


Article from The Roanoke Times, October 6, 1891

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Kingston Banks Preparing For Runs

KINGSTON, N. Y. Oct., 5.-[Special]As was expected the city is rapidly filling up with people from all over the county who are depositors in three city savings banks. Business is at a stand still and the crowds are discussing the wrecking of the Ulster County Savings Institution. Kingston Savings Bank and Roundout Savings have fixed notices on their banks house doors notifying depositors that sixty days' notice, as required by law, must be given. Large crowds of depositors with bank books in hand stand in front of hese institutions. It is said Saugerties and New Paltz Savings Banks will demand sixty days' notice should there be any indication of a run.


Article from The Salt Lake Herald, October 6, 1891

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Ulster County Bank Receiver

TROY, N. Y., Oct. 5.-Nicholas E. Brodhead, of Kingston, was to-day appointed temporary receiver of the Ulster County Savings institution at Kingston. The receiver's bonds are $250,000. An injunction restraining creditors and depositors from bringing attachments against the bank's aseets was graated to-day by the court.


Article from Connecticut Western News, October 8, 1891

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Brodley Made Receiver

KINGSTON, N. Y., Oct. 6.-Judge Fursman, of Troy, has appointed Nicholas E. Brodley temporary receiver of the Ulster County Savings bank. He was for many years cashier of the Kingston National bank and was vice president of the defunct institution. The appointment gives great satisfaction.


Article from The Prison Mirror, October 8, 1891

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NEWS OF A WEEK

September 30. Dr. C. B. Jordan, an old Minnesota pioneer, diesat Anoka. (The Thirty-seventh annual session of the Minnesota Methodist conference begins at Red Wing. Gen. Boulanger, of France, commits suicide by shooting at the tomb of his late mistress in Brussels. Three persons lose their lives in a collision on the New York, Pennsylvania & Ohio railroad near Kent, Ohio. The schooner Frank Perew. of Cleveland, Ohio, sinks in Lake Michigan with seven. persons on board, only one of whom is rescued. The cruiser San Francisco, on her way home from Chili, is ordered to return to Valparaiso to await the settlement of affairs between that country and this. October 1. The public debt decreased over $15,000,000 in September. At Red Lodge, Mont., snow falls to the depth of three feet on the level. Ten thousand coal miners and 1,000 job printers go out on a strike at Pittsburg, Pa. An important meeting of the Irish National Land League of America begun in Chicago. Nine negro cotton pickers are lynched in Lee county, Arkansas. They belonged to a party of strikers. All through passenger trains between Vancouver and Montreal, on the Canadian Pacific, are to run through St. Paul. Dynamiters make an attempt upon the life of the emperor of Austria by blowing up a railroad bridge just before his train arrived at it. October. 2. Jay Gould is in a very critical state of health. A. B. Turner & Bro., Boston bankers, fail for $350.000. Six boxes of dynamite explode in Butte, Mont., wrecking. more or less, over fifty houses. The governor refuses to commute the death sentence of Rose, the Redwood Falls murderer. William Eisenbrand, a wealthy retired merchant of Red Wing, is killed by the accidental discharge of his gun. An immense audience listen to Mr. Gladstone's address at Newcastle. Eng. At a meeting of the Liberal Federation a resolution favoring the abolition of the House of Lords was adopted. October 3. Heavy snowfall in South Dakota. The steamer Winslow is burned at Duluth. A daughter is born to ex-President Cleveland and wife. A child is born at Oregon City, Or., with four arms, four legs and four ears. The Boston clubs win the pennants in both the American Association and the National League. At Pottsville, Pa., seven men are entombed by an explosion in a coal mine. One has been taken out dead. Treasurer Ostrander and Matthew T. Trumpbour, assistant treasurer, rob the Ulster County Savings Bank of Kingston, N. Y., of half a million dollars. They are in jail. October 4. Mrs. Frank Leslie marries W. C.K. Wilde, brother of Oscar Wilde. In Chicago a boiler explodes aboard the tug C. W. Parker and kills eight persons. At East Grand Forks, Minn., Justice of the Peace Robert Woods is murdered by unknown parties. Nearly two hundred men, women and children are massacred in Tulamengo, Mexico, the result of an Indian outbreak. October 5. Fort Bennett, South Dakota. is abandoned as a military post: Dr. Briggs' trial for hersey begins before the New York presbytery. The Mille Lac Indians will be removed from the White Earth reservation. By a runaway at a funeral at Altoona, Iowa, one man is killed, four persons are fatally and many others slightly injured. The Standard Oil company and English capitalists are buying up all the rice mills of the South and will throw them into a trust. Indian Commissioner Morgan's annual report is out in which he recommends several important changes in the treatment of the Indians. October 6. A Chinaman is naturalized in St. Paul. Karl I., King of Wurtemberg, dies after a long illness. People are dying by thousands in the famine stricken districts of Russia. William Henry Smith, conservative leader in the British house of commons, is dead. Thomas Edison has invented a system by which street cars may be propelled by underground electric wires. An Indian is sentenced to be hanged in the Northwest Territory for the murder of a Chinaman twenty years ago. It ssaid that General Land Commissioner Carter will be appointed secretary of the interior to succeed Secretary Noble. The report of the murder of four American miners at Cajamarquilla, Peru, is incorrect. An attack was made on them by Indians, but all the miners escaped with the loss of their property. Diligence is the mother of good luck, and success is the grandchild.-Texas Siftings.


Article from Iowa County Democrat, October 9, 1891

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LATEST TELEGRAMS

NEWS IN BRIE THE Itata sailed for Valparaiso from San Diego Sunday. THREE and a half million dollars in gold arrived in New York Monday. A DAUGHTER was born to Mrs. Grover Cleveland Saturday morning. THE Minnesota Supreme Court has decided that dealing in grain futures is illegal. GENERAL ALPHEUS BAKER, a General of Confederate armies, died in Louisville Friday. GENERAL PATRICK KIRBY died suddenly at his residence in New York Monday morning. MRS. FRANK LESLIE was married to W. K. C. Wilde, brother of the famous Oscar, in New York city Sunday night. THE wrecking of the Ulster county Savings' Institution at Kingston, N. Y., has caused a run on all the saving banks in that and surrounding villages. THE four hundred striking miners of the Home and Riverside mines near Leavenworth, Kan, have gone back to work. STOCKS of wheat stored in private elevators of Minneapolis are computed to reach 500,000 bushels. DULUTH physicians are puzzled over the case of a man who has been asleep for a week. Ex SENATOR NORWOOD, of Georgia, makes public a plan which he thinks will cure all financial ills. THE steamship Ems, which arrived at New York Tuesday, has on board $1,259,000 in gold coin. THE French government is reported to hav' purchased large quantities of grain and meats in this country. THE resignation of W. W. Cook as surgeon of the Third Infantry, I. N. G., has been accepted by Adjutant General Reece. GOVERNMENT officials estimate the sugar crop of Kansas, Nebraska, Utah and California this year at 37,000,000 pounds. THE Teutonic has broken the record for the fastest east bound trip across the At lantic. Her time was 5 days, 21 hours and 22 minutes. An endowment association known as the Golden Grail has been placed in the hands of a receiver by the superior court of Boston. SETTLERS in the Calispel Valley, Idaho, are alarmed at the menacing attitude of the Indians and have asked for troops to protect them. COL. W. C. P. BRECKINRIDGE, Senator Blackburn and Hon John. W. Yoakes have accepted invitations to address the National Association of Editors and Publishers at Cincinnati, Oct. 22. THE La Bourgoine, which arrived at New York Tuesday, brought with her $1,770,000 in gold from Paris, making $4,020,000 gold received and $7,255,000 known to be on the way to this country. On Fulto due


Article from The Cape Girardeau Democrat, October 10, 1891

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THE EAST

THE National Civil Service Reform League at the convention at Buffalo, N. Y., reelected George William Curtis as president. Two MASKED men robbed an American express car between Little Falls and Utica, N. Y., of $25,000. A package containing $5,000 was overlooked. THE Houtzdale (Pa.) First national bank suspended payment on account of the embezzlement of $45,000 by the teller. THE death of Maj. William McKee Dunn. who was Gen. Grant's personal aid de camp during the war, occurred at Cushings Island, Me. IN the Pittsburgh district 10,000 railroad coal miners struck for increased wages. NEAR Avon, N.J., Andrew Quinlin, aged 80, and the oldest railway conductor in the United States, was killed by a train. THE woolen mills of the Harper Manufacturing Company at Oxford, Me., were burned, causing a loss of $100,000. PRICES in the Connecticut tobacco market have advanced from three to eight cents per pound. THE firm of Turner & Bro., Boston bankers, failed for $300,000. IT was discovered that the Ulster county savings institution at Kingston. N. Y., had been robbed by its treasurer and assistant treasurer of $463,000. IN New York a daughter was born to Mrs. Grover Cleveland. THE marriage of Mrs. Frank Leslie, the well-known publisher of New York, and Mr. William C. K. Wilde of London, Eng., took place in the former city. THE death of Jacob Turney, ex-congressman from the Twenty-first Pennsylvania district. occurred at his home in Greensburg. aged 66 years. IN the Richardson colliery at Glen Carbon, Pa., an explosion of gas killed twelve men.


Article from Evening Journal, November 3, 1891

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Is Mr

Brodhead's Mind Affected ? KINGSTON, N. Y., Nov. 3.-It is rumored here that the mind of Receiver Brodhead, of the Ulster County Savings institution, has been affected by worry growing out of the failure of the bank.


Article from Waterbury Evening Democrat, January 11, 1892

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Kingston's Savings Bank to Resume

TROY, N. Y., Jan. 11.-Referee - Shaw's report on the accounts of Receiver Brodhead of the Ulster County Savings Institutions of Kingston has been confirmed by Justice Fursman. The receiver holds $2,050,787 and the deficit is $365,918. An order was signed directing the receiver to pay the receipts to a new board of directors and permitting the bank to resume on a basis of 85 per cent.


Article from The Evening Herald, January 11, 1892

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Kingston's Savings Bank to Resume

TROY, N. Y., Jan. 11.-Referee Shaw's report on the accounts of Receiver Brodhead of the Ulster County Savings Institutions of Kingston has been confirmed by Justice Fursman. The receiver holds $2,050,787 and the deficit is $365,918. An order was signed directing the receiver to pay the receipts to a new board of directors and permitting the bank to resume on a basis of 85 per cent.


Article from Evening Journal, February 9, 1892

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The Ulster County Bank Resumes

KINGSTON, N. Y., Feb. 9.-The Ulster County Savings institution has resumed business. It is paying out 25 per cent. of deposits on demand. There has been no run and none is expected. The citizens generally are elated over the fact that the old bank has resumed.


Article from Connecticut Western News, February 11, 1892

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The Ulster County Bank Resumes

KINGSTON, N. Y., Feb. 9.-The Ulster County Savings institution has resumed business. It is paying out 25 per cent. of deposits on demand. There has been no run and none is expected. The citizens generally are elated over the fact that the old bank has resumed.


Article from The Carbon Advocate, February 13, 1892

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The Ulster County Bank Resumes

KINGSTON, N. Y., Feb. 9.-The Ulster County Savings institution has resumed business. It is paying out 25 per cent. of deposits on demand. There has been no run and none is expected. The citizens generally are elated over the fact that the old bank has resumed.