8144297bNone
Click image to open full size in new tab
THE Springfield, Illinois, Savings Bank, capital stock $100,000, suspended on Monday. The bank was organized in 1867, and did a big business until 1873, when the crash came, and it was reorganized. The failure of this bank, it was anticipated would cause a run on all the other banks of the city.
Click image to open full size in new tab
ILLINOIS. Bank Matters. CHICAGO, December 18. It is now about certain that W. F. Endicott, President of the defunct Central National Bank. has left the city for good, having transferred to the bank his shares of stock and taken ful ds instead. Receiver Glover reports that his investigations have disclosed considerable crookedness on the part of the management. It is extremely doubtful if more than a comparatively small dividend will be declared. The assets are about $433,000, of which $90,000 are worth par, $150,000 are doubtful, $47,000 is in cash. and the rest are doubtful Some of the stockholders are responsible men, but the standing of a large number of them is unknown, as they live in Eastern cities. BOSTON, December 18. The Springfield, III., Savings Bank closed this morning. The liabilities are $162,000. chiefly to small depositors. Most of the directors are wealthy, and it is stated that every liability will be paid in full.
Click image to open full size in new tab
FINANCIAL. Special Dispatch 10 The Chicago Tribune. BLOOMINGTON, III., Dec. 18.-Arrangements are making for the opening of the Becomit National Bank of Bloomington. Among the stockholders will be Maj. Hoblit, of Atlanta. Mr. Hoblit, of Pekio, C. B. Cummings. of Pekin, the Hon. Jonathan Merriam, of SpringSeld, and several of the Funk family, of McLean County. The capital stock will be $100,000. CINCINNATI, U., Dec. 18.-The Habilities of Tolic, Holton & Co., who assigned last nights are estimated at $425,000. Assets nominally above that amount, but with a forced sale would run far below. Dispatch in The Chicago Tribune. SPRINGFIELD, III., Dec. 18.-The suspension of the Springfield Savings Bank this morning seems scurcely to have produced a ripule of excitement, and this is accounted for by bankers' on theground that the suspension was generally expected. The known solvency of the other banks has prevented any alarm, and they trapsacted about the usual amount of business w. day. Even in the savings departments the druits were few and small in amount. The susbenited bank has arranged with the Marlue Bank to take its mall collections. The Directors of the suspended bank now affirm a purpose of assessing stockholders and paying all liabilities as soon as possible. Such assurances were made to depositors who called to day. The losers created no excitement, quietly visit. Ing the bank and accepting the assurances of the management in good faith. Cincinnali Commarcial. Dec 18. Yesterday evening ut 6 o'etock the dry-goods Jobbing house of Tolle, Holton & Co., No. 121 Vine street, made an assignment to K. P. Brad. street, Esq., for the benefit of creattors. The liabilities are placed at $425,000. The assets can not now be stated. Nominally they are large. but good authority states that there will be " beavy shrinkage when they are reduced to cash values. This event will prove a scusation in commercial circles. This house (formerly Pierce, Tolle & Holton) is one of the oldest and heavicet in its line In the city, and was estimated to be perfectly solld and prosperous. Tue causes of the failure are various. Some years ago M trusted Buancial agent robbed the Company of funds for 8 long time before be was detected, and in all made away with & great amount of money.
Click image to open full size in new tab
SUMMARY OF NEWS. Eastern and Middle States. A cat show has been opened in New York. The Beringer City Hotel of Beringer City, Pa was burned, as well as adjoining property. A. B. McCartney, a guest in the hotel, perished in the flames, while the other guests had a narrow escape. Watson J. Hildreth and James M. Tighe, partners in New York law collection agency, fled after embezzling money for several months past, the total amount of their peculations being variously estimated at between $40,000 and $100 At Bath. N. Y., Barney Donohue, leader of the strikers along the Erie railroad last August pleaded guilty to the charge of conspiracy against trade and commerce, a' d was sentenced to three months' imprisonment. The suspension of the Taunton Savings Bank, of Taunton, Mass., has taken place. A fire in the dye house of the York Manufacing Company at Biddeford, Me., caused.damage amounting to $25,000 fully insured. Two colored men, named Samuel Chumbers and George Collins, were found guilty of assaulting white woman, at Middleton, Del., and were sentenced to be hanged. Miss Bertha Von Hillern walked 150 miles in fifty consecutive hours at Philadelphia. A new telegraph company, with a capital of $10,000,000, has been formed in New York city. Edward McGovern, B native of Ireland, died in New York at the advanced age of 109 years. Twenty-three persons were dangerously poisoned at Whitehaven, Pa., by eating liver kettle. pudding which had been boiled in a copper Fires A destructive fire in Sayville, Long Island, destroyed the store, barn and shed of Francis Gerber and did other damage three business blocks in Laconia, N. H. were burned, causing a loss of about $10,000, on which there is an insurance of $7,500 and a fire in the Forest House, one of the principal hotels of Scranton, Pa., caused great,excitement among the guests, many of whom narrowly escaped suffocation. Eight men were tried in Wilkesbarre, Pa., on the charge of having taken part in a strike riot last September and were found guilty and sentenced to various terms of imprisonment and to pay fines more or less large. Several dwelling houses, barns and stables were destroyed by fire in Patterson, N. J. The fire originated in the bursting of a tank of oil on an oil car standing on the Erie railroad track, and the burning fluid ran down the mile. streets and fired houses as far distant as half a A colored baby show was opened in Gilmore's Garden, New York, seventy-nine infantile prodigies contesting for the prizes. A large number of prominent literary men were present at a dinner in Boston given to the birthday. poet Whittier, the occasion being his seventieth Three men and a boy were driving to Groversdale, Mass., from Dudley, where they had been carousing, when they ran into obstructions on the roadside and smashed their wagon. Henry Nickerson was killed instantly, and a man named Wabble received fatal injuries, and the boy was badly hurt. A meeting of the National Reform convention to advocate the express acknowledgment of God in the constitution of the United States, was held in Rochester, N. Y., about two hundred delegates being present. Resolutions in conformity with the principles of the convention were adopted. Western and Southern States. A memorial hall in memory of Senator Morton is to be erected at Indianapolis at a cost of not less than $200,000. The legislature of California has passed a resolution asking Congress to levy a tax of $250 on each Chinese immigrant. John W. Garrett has been re-elected president of the Baltimore and Ohio railroad for the twentieth consecutive time. J. W. Collins the Republican candidate for State Senator in Beaufort county, S. C., was elected by 1;500 majority. Two children named Dennis, of Benwood. W. Va., fell into a tub of boiling water. and one was scalded to death while the other received injuries of a fatal nature. An entire block of buildings was destroyed by fire at Helena, Ark. Loss, 46,000. The Indians near Florence, Arizona, are killing sent in and pursuit. depredating. Troops have been The firm of J. D. Easter & Co., manufacturers of agricultural implements in Chicago, have failed, their liabilities being over $500,000. Citizens of Tackville, Ala., pursued and killed two thieves. A desperate fight, lasting several days, took place on the borders of Texas between State troops aiding the civil authorities of Texas and Mexicans from across the border. The State troops were intrenched at San Elizario, which was surrounded by a mob of several hundred Mexicans. Six of the State troops were killed. The cause of the trouble seems to have been a dispute over the proprietorship of certain salt pits in El Paso county. The governor of Texas sent the following dispatch to the President "I am officially informed that citizens of Mexico, in connection with citizens of El Paso county. Texas, of Mexican birth. were fighting allday yesterday in Texaswith detachment of State troops who were aiding our civil authorities, The Mexican force being to strong to be t repelled by Texas troops, and it being impossible to raise civil posse from the citizens, who are nearly all of Mexican blood and sympathy. and having no re-enforcements within several hundred miles, I ask the aid of such United States troops as may be nearest to the scene of action, to repel this invasion of our territory. President Hayes, on receipt of this telegram. ordered several companies of United States regulars stationed in the vicinity to assist the State troops in repelling the invaders. J.T. Farley was nominated for United States Senator by the Democrats in the California Legislature. The nomination is equivalent to an jority. election, as the Democrats are in the maA loss of $20 000 was incurred by the bursting of the boiler in the oat meal manufactory of Stewart and Douglass at Cedar Rapids, Ia. The boller of the steamer Jesse Taylor, lying at New Orleans, exploded, killing one man and wounding two others. The Texas State troops besieged at San g Elizario by a Mexican mob, surrendered. and three men-Howard. Atkensin and McBridewere immediately shot by their captors. The American dairy exhibition opened at d Chicago with" a display of butter and cheese, sented. all the dairy States and Canada being repreThe Springfield Savings Bank of Springfield, Illinois, has failed. The oyster pungy Samuel Washington capsized at the mouth of the Rappahannock river. of Captain Cephas Bussels and the crew of four were drowned. From Washington. The President has received the resignation d of Judge E. G. Loring, of the court of claims, who has been on the bench over twenty years. il He was appointed from Massachusetts and was the only Democrat holding that position. After retiring he will be entitled to full pay for the e remainder of his life. J. C. Bancroft Davis has been nominated.as his successor. at for nomination President The d of the port of New York were rejected officers in the 10 Senate, after an exciting executive session lasting six hours. The vote stood 25 to 31. to Six Republicans voted with the nineteen Demote crats for confirmation, and two Democrate and Davis (Independent) voted against, five Democrats refusing to vote. Mr. Throckmorton, of Texas, has been chosen Pacific chairman of the House committee on
Click image to open full size in new tab
General News Summary. DOMESTIC. AT a meeting of coal-producers held in New York, on the 18th, a combination was regulate the the quota company the market, mines, formed by to designating upon production and each establishing a of the of $1.25 ton for of Control was inA might penalty Board put per established, all overshipments. each terest given the to its own and make its own for the sale was, exchange sales being of right coal prices. manage however, A joint provided for. A committee was appointed to regulate the quotas of shipment of the different interests. THE Springfield (III.) Savings Bank has suspended. The liabilities are stated to be about $175,000 and the promise made to pay in full. A TEN-YEAR-OLD boy named Willie Hopkins was abducted from his home at Braddock's Fields, near Pittsburgh, Pa., on the 16th, by a man supposed to be a tramp. He is described as being a pretty boy, with full face, light complexion and hair, and rather stout built. His family were in great distress over his loss, his mother being almost insane from grief. THE proprietors of the Wilkesbarre (Pa.) News have been sentenced to ten months' Imprisonment in the County Jail and fined 700 each for an alleged libel upon the Sheriff of the county. A like sentence was imposed upon the same defendants for libeling a citien of Wilkesbarre. DISPATCHES received at Gen. Sheri dan's headquarters in Chicago, on the night of the 19th, from Capt. Blair, in command at ort Bliss, report that the Texas Rangers, at Ban Elizario, in El Paso County, Tex., surrenthe morning of the, 18th. Judge for the salt and were shot, and the rest dered Howard, McBride on agent mines, liberated. Atkinson of The the were disarmed and mob It was Rangers native-born had dispersed. Texas, composed and entirely help of citizens of no was given them from the Mexican side of the iver. THE recent troubles in El Paso are said to grown a as to the County, dispute Tex., ownership have of extensive out of salt nines in that section, at which of he country have salt from free surrounding time immemorial, of cost. obtained the people A number set up a title to the In mong of American them, speculators, Judge title mines. Howard to maintain this Judge with and at last a eighborhood, attempting Howard quarreled the shot people the and resident killed in the pan who espoused the cause of Mexicans. He then fled the country, but reently returned, and was captured with his aderents, and three of them, including the Judge, were killed, as already announced. JOHN VAN HOESEN, the alleged ringeader of the railroad rioters at Albany, N. and vicinity, in July last, has been found e uilty and sentenced to seven years' imprison ent. en THOMAS ROONEY'S house at West g1 oint, N.Y., was burned, a few days ago, and BC children, aged three and five years, perhe hed. They were locked in the house, the arents being absent, and were found clasped W each other's arms, lifeless and charred. th A BOILER in the candy manufactory Ernest Greenfield, 63 Barclay street, New ork, exploded about five o'clock on the aftnoon of the 20th, with fearful results. The bu oiler under the sidewalk, and when it the entire front g scattered the wreck in urst and was tore away all of directions. the buildre followed the be of the building, five walls undoubtedly stories explosion, in in the height, and There were employed fac200 girls and ght to years of age, a on ry nearly fell twenty in. boys, large ranging number from whom lost their lives, many others being dly injured. The money lood no bout $500,000. th W AT Randolph, Mass., a few nights an go, three children of Mrs. Catherine Ryan fr ere suflocated by coal-gas, as was also Mary pi aged fourteen, who was Burry, stopping not ex th ith them. Mrs. Ryan, herself, was at ected to live. th MAJ. J. B. JONES, commanding the fo forces, telegraphed to RepresentaCO Eve in Washington, on the his Texas Mills, State informed 20th, him that that Lieutenant, at El Paso, had the of the mob at San Elizario, to whom ieutenant 50 was forced to surrender, and who ubsequently killed three of their prisoners, ere Mexican citizens, from Mexico. It THE United States Supreme Court n djourned, on the 21st, until Jan. 7. a A NEW YORK dispatch of the 21st ex was believed that fully as beneath the ruins of ays were lying it forty the building bodies street p estroyed by the explosion on Barclay a o the day before. The bodies of two girls and a oy had been recovered. in A STATEMENT made on the 22d, to hows that the United States Treasury held cirto secure the National Bank h and $13,988,000 to secure the culation, $346,277,550 circulation public outNational Bank standing, deposits. currency notes, $320,253,765; gold notes, $1,432,120. of TH famous mare Flora Temple, to known for many years as the " Queen of Phil- the Turf," died at the farm of A. Welch, near thirla delphia, a few days ago. She, was over b v-two years old. st PERSONAL POLITICAL.
Click image to open full size in new tab
General A farmer near Anderson, Indiana, named Morton Prewitt was thrown from a mule recently; his foot caught in the stirrup, and before he could extricate himself he was kicked to death. The Springfield (III.) Savings Bank has suspended. It is confidently asserted by those most interested in its affairs that all claims due depositors will be paid in full; only time is asked. The Directors are the Hon. Virgil Hickox, O.A. Helme, Governor John M. Palmer, R. S. Lord, T. S. Wood, George H. Souther and Frank Reischmost of them wealthy. They say the resources of the bank, added to the personal liabilities of the stockholders, will make the payment of its creditors certain. The officers promise a full statement of the affairs of the bank at once. In the joint convention of the California Legislature, J. T. Farley was declared elected United States Senator. The Diocesan Convention of the Episcopal Church, of the Springfield Diocese, by a unanimous vote of both orders has elected Rev. Geo. Fox Seymour, D. D., Dean of the General Theological Semminary of New York, Bishop of that Diocese, which was created by the late General Convention at Boston. News has been received of the death at Mexico, Missouri, of George W. Hardin, uncle of ex-Governor Hardin, of Missouri. Mr. Hardin was a citizen of Bloomington, Indiana, for fifty years, was a politician of note, and the last surviving soldier of the war of 1812. Kentucky was his native State. Judge Thos. Shackleford, formerly Chief Justice of the Supreme Courtof Mississippi, died Wednesday morning at the residence of his son-in-law, Colonel George Moorman, in New Orleans. His remains were sent to Canton, Mississippi, in a special car.
Click image to open full size in new tab
EPITOME OF THE WEEK. Condensed Telegraphic News. CURRENT paragraphs. Henry M. Stanley, the African explorer, reached Aden, Arabia, on the 23d. The Springfield (III.) Savings Bank has suspended. Liabilities to depositorsabout $175,000. The United States Supreme Court adjourned, on the 21st, to meet again, on the 7th of January. The Woman's National Suffrage Association will meet in Washington, D. c., on the 7th of January. The calling together of the British Parliament is considered in St. Petersburg as tantamount to a declaration of war. Flora Temple, the famous trotting mare. died recently, on a farm near Philadelphia, in the thirty-third year of her age. A call has been issued for a Democratic State Convention, to meet at Indianapolis, Ind., on the 20th of February next. John Van Hoesen, the reputed ringleader of the Albany (N. Y.) railroad rioters in July last, has been found guilty, and sentenced to seven years' imprisonment. Rev. G. F. Seymour was, on the 19th, elected Bishop of the Episcopal Diocese of Springfield, III. Bishop Seymour is a brother of Horatio Seymour, of New York. John A. Joyce, convicted at St. Louis of conspiring to defraud the Government of taxes on distilled spirits, has been fully and unconditionally pardoned by the President. T. S. Lambert, President of the American Popular Life Insurance Company, of New York. has been found guilty of swearing to false statements in regard to the condition of the company. Two hundred delegates to the National Reform Convention, to secure the ex press acknowledgment of God in the Constitution of the United States, assembled at Rochester. N. Y., on the 18th. The Legislature of South Carolina has ratified. by over a two-thirds vote, the amendment to the State Constitution levying an annual tax of two mills upon all the taxable property in the State, for the support of free schools. The United States Treasury held, on the 22d, $346,277,550 to secure the National Bank circulation. and $13,988,000 to secure the public deposits. National Bank circulation outstanding: Currency notes, $320,253,763; gold notes, $1,432,120. A few nights since the children of Mrs. Catherine Ryan, of Randolph, Mass., were suffocated by coal gas, and also Mary E. Burry, who was spending the night with them. Mrs. Syan herself was alive when discovered, but was not expected to recover. Thomas Rooney's house at West Point. N. Y., was burtied, a few days ago, and two children. aged;three and five years. perished in the flames. They were locked in the house during the absence of their parents, and were found, lifeless and charred, clasped in each other's arms. W. F. Endicott, President of the late . Central National Bank of Chicago, is found to be a defaulter and has left that city for parts unknown. It seems that, like Spencer, he unloaded by selling to the bank his capital stock for cash, leaving behind worthless notes. It was thought. on the 18th, that stockholders would realize nothing and depositors in the suspended concern little. A boy named Willie Hopkins, ten years old. was recently abducted from his home at Braddock's Fields, near Pittsburgh, Pa., by a man supposed to be a tramp. He is said to be a pretty boy, with full face, light complexion and hair, and rather stoutly built. The abductor is a tall man, with face pitted with small-pox. The parents of the boy are in great distress over his disappearance, the mother being almost insane from grief. The troubles in El Paso County, Tex., are said to have grown out of a dispute as to the ownership of extensive salt mines in that section, at which the people of the surrounding country have obtained salt from time
Click image to open full size in new tab
the State troops and aid in repelling the invaders of American soil. The Democrats of the California Legislature nominated J. T. Farlev for United States Senator, the nomination being equivalent to an election, as they have a majority in both houses. The boiler in the oat meal manufactory of Stewart & Douglass, at Cedar Rapids, Iowa, exploded, causing damage amounting to $20,000. The boiler of the steamer Jesse Taylor, lying at New Orleans, exploded. killing one man and wounding two others. The Texas State troops besieged at San Elizario by a Mexican mob, surrendered, and three men-Howard, Atkensin and McBride-were immediately shot by their captors. The American dairy exhibition opened at Chicago with A display of butter and cheese, all the dairy States and Cana is being represented. The Springfield Savings Bank of Springfield, Ill., has failed. The oyster pungy Sanruel Washington capsized at the mouth of the Rappahannock river. Captain Cephas Bussels and the crew of four were drowned. Two more heavy failures have occurred in Chicago-that of Kelley, Morley & Co., coal dealers, whose liabilities will reach $300,000, and that of H. W. Wetherell, wholesale millinery and fancy goods merchant, whose liabilities were also large. Other failuressin the West recently are recorded in Henry, III., where L. B. McFadden & Co., heavy operators in coal mines, went under, owing $370,000, and in San Francisco, where the Cosmopolitan Savings and Exchange Bank suspended, owing depositors $50,000.
Click image to open full size in new tab
Bank Suspensions. The bank suspensions during the past fortnight have not been of sufficient number or importance to cause an alarm among depositors in reputable and well established institutions. All told, they number eight, including those that went into voluntary liquidation on account of declining business, and profess to be able to pay their liabilities in full. The institutions thus closed are the Taunton (Mass.) savings bank, Springfield (III.) savings bank, Oriental savings bank. New York, National Trust company, New York, Newark (N. J.) ;savings bank, Simpson's bank, Lawrence, Kansas, George Baker's banking house, Chester, Penu., and Gardner Mercer's private banking house, Geness, N. Y. The liabilities of these institutions range all the way from $11,00,000 to $30,000, those of the Newark bank being the heaviest. The failures will do something to clear the financial atmosphere. In times of depression the weak concerns go to the wall, while the strong ones stand up more firmly against the adverse tide. The year 1877 has left the country pretty full of financial wrecks, but it is evident that the weak crafts have nearly all gone down, and we may reasonably hope for better results in 1878.
Click image to open full size in new tab
tion to advocate the express acknowledgement of God in the constitution of the United States, was held in Rochester, N. Y., about two hundred delegates being present. Resolutions in conformity with the principles of the convention were adopted. Thomas Rooney's house in West Point, N. Y., caught fire during his absence, and his two children, aged three and five years respectively, were burned to death. As John Cronin, & child two years old. was coming down the staircase of his father's house in Boston, a lad named Henry Ackers, aged about thirteen, pulled out revolver and fired at the little fellow, who lived but an hour. The story of the shooting, as given, was told by Mary Cronin, aged six, the victim's sister, who was present at the time. A fire occurred in the immense structure occupied by the American Desk Manufactory in New York-one of the largest establishments of its kind in the country-and before the flames could be subdued damage to the amount of about $100,000 had been done. Mrs. Catherine Ryan, her four children, and a girl related to Mrs. Ryan were suffocated in Boston by coal gas. Shortly after five o'clock in the afternoon a boiler in the cellar of the large wholesale candy factory of Greenfield & Sons, 63 Barclay street, New York, exploded with a loud report, and immediately thereafter flames were seen to issue from the building and the front wall toppled in. At the time of the explosion there were over 150 persons in the building, and of these about twenty-five were taken to the hospitals, suffering from burns and bruises, while a number received fatal injuries. Many of the employes, in their desperate effort to escape, leaped from the burning building, and it is believed that large number of persons were buried underneath the falling walls, one corpse having been recovered but it will take some time to remove the ruins and ascertain the exact number of victims. Before the fire was subdued Nos. 61, 63, 65, 67 and 69 Barclay street were destroyed, and many other build ings in the neighborhood were more or less damaged, involving an aggregate estimated loss of about $400,000, which is nearly all covered by insurance. When the explosion occurred the proprietor of the candy manufactory and his two sons were in the office, and several persons were in the show-room making purchases. Upon these people the disaster came without the slightest warning, and they were surrounded with fire and escaping steam in an instant and barely escaped with their lives. Many persons rushed to the fire-escape and got out in that way, while others in the upper stories escaped by means of ladders. Intense excitement prevailed in the vicinity of the disaster, and thousands of persons on their way home from work flocked to the scene. Two bodies were recovered from the ruins caused by the explosion in the New York candy factory, while the number of wounded reached over forty. Several persons were still missing on the day following the disaster, but the list of dead will not be 80 large as was at first supposed. It was also ascertained that, the explosion was not caused by the bursting of the boiler, and the real origin of the disaster is yet to be ascertained. The Un on League Club of New York gave a reception to President Hayes. About five thousand persons were present, among them being Mrs. Hayes, Peter Cooper, AttorneyGeneral Devens, Secretary of State Evarts and others. The large shoe factory of P & N. Copeland & Co., at South Braintree, Mass., was destroyed by fire, causing loss of about$ 50,000, on which there is about $38,000 insurance. John Van Dyke. a youth of nineteen, was hung at Canton, N. Y., for murdering his wife last July, after having been married to her a week. President Hayes and wife assisted at the opening of the American Museum of Natural History in New York. Speeches were made by President Eliot, of Harvard College, Professor O. C. Marsh and others, and the museum was formally opened by President Hayes. In the evening the President attended the seventysecond annual dinner of the New England Society and responded to the toast, The President of the United States. Owen Murphy, president of the New York board of excise, twice member of the assembly, absconded with nearly $50,000 belonging to the excise board. He had been expected at a meeting of the board, and when he failed to put in an appearance his colleagues made an investigation, which resulted in discovering that he had drawn from the bank large sum of public money under his care, besides large amount of his own funds, and then fled. Three Wall street (New York) brokers were arrested as members of a gang of counterfeiters engaged in extensive forging of railroad and other bonds, a large amount of which had been put upon the market. Western and Southern States. The boiler of the steamer Jesse Taylor, lying at New Orleans, exploded, killing one man and wounding two others. The Texas State troops besieged at San Elizario by a Mexican mob, surrendered, and three Howard, Atkensin and McBridewere immediately shot by their captors. The American dairy exhibition opened at Chicago with a display of butter and cheese, all the dairy States and Canada being represented. The Springfield Savings Bank of Springfield, III., has failed. The oyster pungy Samuel Washington capsized at the mouth of the Rappahannock river. Captain Cephas Bussels and the crew of four were drowned. Two more heavy failures have occurred in Chicago-that of Kelley, Morley & Co., coal dealers, whose liabilities will reach $300,000, and that of H. W. Wetherell, wholesale millinery and fancy goods merchant. whose liabilities were also large. Other failures in the West recently are recorded in Henry, III., where L. B. McFadden & Co., heavy operators in coal mines, went under, owing $370,000, and in San Francisco, where the Cosmopolitan Savings and Exchange Bank suspended, owing depositors $50,000. By the explosion of a dynamite cartridge in a tunnel of the Gunpowder Water Works in Baltimore county, Md., Augustus Daniels (colored) was killed, Thomas Porter dangerously and two others slightly injured. The Maryland and Delaware railroad was sold at a trustees' sale in Easton. Md., for $94,000, the purchaser being Wm. T. Hart, of Boston. The Indiana Domocratic State convention will be held at Indianapolis on February 20, 1878. Hilliard Morgan, n mulatto, aged thirty-five years. was hanged in Goldsboro, N. C., for committing a burglary in the house of a wealthy farmer last February and Henry Norfolk was hanged in Annapolis, Md., for murdering his wife last May. his purpose being to marry his victim's sister, girl of sixteen. Russell R. Peck, Chicago lumber dealer, has failed, with liabilities amounting to over $65,000. A fire in Toledo, Ohio, damaged the carpet establishment of Messrs. Buckman & Mallet and several other buildings to the extent of about $80,000 partially insured. The Tennessee Senate voted to settle the debt of the State with fifty per cent. bonds, at four, five and six per cent. interest. From Washington. The naval court of inquiry into the cause of the wreck of the Huron, reports that Commander Ryan was principally responsible for the disaster. William Poor, aged nineteen, died in Washington, of hydrophobia. He had been bitten by small dog eight weeks previous to his death. John A. Jovce. one of the St. Louis "crooked whisky men. convicted and imprisoned during General Grant's second term, has been pardoned by the President. Joyce had served impriso but
Click image to open full size in new tab
IMPORTANT TO NEWSPAPERS. Preceedings Commenced to Test the Question of the Right to Levy Upon Associated Press Franchises for Debt. SPRINGFIELD, Ill., June 13.-Gov. Palmer, as attorney for the suspended Springfield savings bank which lately presented a claim against the Journal company, which the latter was unable to pay, to-day served a notice upon the Journal company and the Western Union telegraph company, of intention to apply to Master in Chancery Scholes to-morrow, for a temporary injunction restraining the Journal company from using, and the telegraph company from delivering the Northwestern press association dispatches to the former, on the ground that a certain certificate of membership in the Western associated press hanging in the Journal office was levied on by the sheriff and bought in with the stock and fixtures of the company by the judgment creditor, the savings bank. Argument will be made to-morrow afternoon and much interest is felt in the result. It is claimed by the Journal, as well as other newspapers in the association, that the press right in the nature of a contract, cannot be levied on and its transfer to non-professional creditors enforced, and that it inheres in the newspaper only.
Click image to open full size in new tab
Press Rights in a Lawsuit. SPRINGFIELD, ILL., June 13.-Governor Palmer, as attorney for thesuspended Springfield savings bank, which lately enforced a claim against the Journal company, which the latter was unable to pay, to-day served a notice upon the Journal company and Western Union telegraph company of his intention to apply to Master-in-Chancery Eicholles to-morrow for a temporary injunction restraining the telegraph company from delivering the Northwestern Press|Association dispatches to the former, on the ground that a certificate of membership in the Western Associated Press, hanging in the Journal office, was levied on by the sheriff and bought in, with the fixtures and stock of the company, by the judgment-creditor, the savings bank. The argument will be made to-morrow evening, and much interest 18 felt in the result. It is claimed by the Journal, as by other newspapers in the association, that the press right, in the nature of a contract, cannot be levied on and its transfer to non-professional creditors enforced; that it inheres to the newspaper only.
Click image to open full size in new tab
A Nice Point to Determine. SPRINGFIELD, ILL.,June 13.-Governor Palmer, as attorney for the suspended Springfield Savings Bank, which lately enforced a claim against the Journal Co., which the latter was unable to pay, to. day served a notice upon the Journal Co. and the Western Union Telegraph Co. of the intention to apply to Master-in-Chancery Eicholls to. morrow for a temporary injunction restraining the Journal Co. from delivering the Northwestern Press Association dispatches to the former on the ground that a certificate of membership in the Western Associated Press, hanging in the Journal office, was levied on by the Sheriff and bought in with the fixtures and stock of the company. The Savings Bank argament will be made tomorrow afternoon. It is claimed by the Journal, as other newspapers in the Association, that the Press right, in the nature of a contract, cannot be levied on, and its transfer to non-professional creditore enforced, that it inheres in the newspaper only.