5579. First National Bank (Delphi, IN)

View Charter #1949 on SPMC

Bank Information

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

Metadata

Model
gpt-5-mini
Short Digest
354e8d81

Response Measures

Full suspension, Books examined

Other: Receiver later appointed; dividends paid to creditors in 1878–1879.

Receivership Details

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

Description

Contemporary dispatches (July 11, 1877) report a run on the First National Bank of Delphi, IN, caused by the failure of Dugan, Case & Spears (Dugan was president). The national bank examiner closed the bank the same day. Subsequent articles (Jan 1878, Apr 1879) refer to dividends declared for creditors and receivers, indicating the bank remained in receivership and did not resume normal operations. A 1885 summons names a receiver (Larry G. Beck), further confirming continued winding up rather than reopening.

Events (7)
1. March 25, 1872 Chartered
Source
historical_nic
2. July 11, 1877 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by the failure of Dugan, Case & Spears of Chicago; Dugan was president of the bank.
Newspaper Excerpt
The National bank examiner for Indiana has closed the First National bank of Delphi, Ind., on account of a run on the bank caused by the failure of its president.
Source
newspapers
3. July 11, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by national bank examiner due to run resulting from the failure of Dugan, Case & Spears (bank president's firm).
Newspaper Excerpt
The National Bank Examiner for Indiana has closed the First National Bank of Delphi, Ind., on account of a run upon the bank.
Source
newspapers
4. July 20, 1877 Receivership
Source
historical_nic
5. January 22, 1878 Receivership
Newspaper Excerpt
The Comptroller of the Currency declared a dividend ... in favor of the creditors of the First National Bank of Delphi, Ind., 25 per cent, making in all 50 per cent.
Source
newspapers
6. April 8, 1879 Receivership
Newspaper Excerpt
A dividend of 10 per cent in favor of the creditors of the First National Bank of Delphi, Ind., making in all dividends of 60 per cent.
Source
newspapers
7. May 1, 1885 Other
Newspaper Excerpt
First National Bank of Delphi, Indiana, and Larry G. Beck, receiver of the First National Bank of Delphi, Indiana, defendants.
Source
newspapers

Newspaper Articles (16)
1. July 11, 1877 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, July 11, 1877

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

2. July 12, 1877 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, July 12, 1877

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

3. July 12, 1877 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, July 12, 1877

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

4. July 12, 1877 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, July 12, 1877

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

5. July 12, 1877 The New York Herald New York, NY
Article from The New York Herald, July 12, 1877

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

6. August 2, 1877 The Anti-Monopolist Saint Paul, MN
Article from The Anti-Monopolist, August 2, 1877

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SHERMAN'S WRECKS. The Pike county bank at Louisiana has suspended. John Hill, real estate dealer; liabilities, $17,071,39; assets, $500. Eugene Fomont, of San Jose; liabilities, $29,703.78; assets, $5,230. The First National bank of Delphi, Ind., closed its doors on the 11th. Jno. H. Keyser, New York. Liabilities $200,000; assets-nothing. The Exchange bank failure makes the fourth in Titusville within four years. The Sheriff's office in Berks county is said to be worth at least $25,000 a year. Virgil M. Ogden, of Paris, Ky., has made an assignment. Liabilities $6,000. About 10,000 lots in West St. Paul, for Minn., are advertised for S sale taxes. Buttle A Lees. New York, pinched out by contraction. Only $175,000 behind. Lyman Ayer. a farmer of Emmatown. Sacramento county; liabilities, $3,004.77. A. S. Morgan. trunk-maker. of Springfield, Ill. has filed a voluntary petition in bankruptcy. The Merchants Loan and Trust Co., of Patterton, N. J., suspended on Monday. Liabilities £45,000. George Wilkinson, of Mt. Morris, Ill.. says he is a bankrupt. Hisdebts, all unsecured, amount to 14,539.18. Clark Wilson & Co., hardware commission S. merchants, lacked $100.000 of having enough money to carry on their business. N. H. Lamb & Bros., for 12 years at the leading dry goods merchants on Tuscola, III., closed their doors monday. Liabilities $65,000. Coal miners' families at the Willow the Grove mines are suffering for 1 necessaries of life. The miners have firm not been paid for months, the into operating the works having gone bankruptcy. The last issue of a San Francisco paper adds the following: t James Moorhead, dealer in cloaks dresses; liabilities, $5,238.74. and assets, stock in trade, worth $350, and furniture, claimed to be exempt. It At Philadelphia,Detwiller.& Welch of the Market street flour e owners mills, suspended payment on Monday. failure indebtness unknown; but the caused quite a commotion on Change : The Buffalo evening. Post ended The a e cheerless existence of 27 years. editor and proprietor, George J. Bryan of the I explains. as the of in publication. announcing suspension cause out, inability to longer hold an e accumulation his of debt. a diminishing e income, and no prospects of improvement. e There were 32 failures in New n in June. The assets were $699, f liabilities, d of assignments, number 492: York the $2,032,435. adjudications the in bankruptcy, etc., increased The ag e gregate liabilities to $2,500,000. e number of failures about the insol same d as in May, but the liabilities of d vents than in in the June preceding were 25 per month. cent greater it d Despatch from Bushnells, Ill. Last night about 250 tramps arrived e this place on the Quincy train, thi an a at portion of them left early of morning. The others awaited e freight train on the R.I. St. L. & C due here about noon. obeen notified of o men Road. having The this rate trai: fac n attempted to run by at such a of speed that they could not get on it at the rate of 12 mile 1one man r an When hour, passed attempted the to train jum and was thrown under non His legs were terribly mangled, an is caused his death in about two hours.

7. January 23, 1878 New-York Tribune New York, NY
Article from New-York Tribune, January 23, 1878

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

8. January 23, 1878 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, January 23, 1878

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

9. January 30, 1878 The Princeton Union Princeton, MN
Article from The Princeton Union, January 30, 1878

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

10. January 31, 1878 The Worthington Advance Worthington, MN
Article from The Worthington Advance, January 31, 1878

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

11. January 31, 1878 River Falls Journal River Falls, WI
Article from River Falls Journal, January 31, 1878

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

12. February 2, 1878 West Virginia Argus Kingwood, WV
Article from West Virginia Argus, February 2, 1878

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NEWS. From the Capital. The Secretary of the Treasury has given notice that from the 26th inst., and until further notice, he will receive subscriptions for the 4 per cent. funded loan of the United States at par and accrued interest, in coin The bonds are redeemable after thirty years, from July 1, 1877, and bear interest, payable quarterly, on the 1st day of January, April, July, and October of each year, and are exempt from the payment of taxes on duties to the United States, as well as from taxation in any form by or under the State, municipal, or local authority ********* The Department of State has been informed of the loss of the ship Granger in Swallow Reef, and the arrival at Lobnau of the second mate and six men. The fate of the two other boats, containing respectively Captain Doane, wife and six men, and first mate, partment. and seven men, is not known to the DeIt is hinted that the President, in his forthcoming civil service message, will recommend that the selection of Postm is. ters in smaller towns be made by popular vote, and the Postmaster General shall merely confirm the selection made. This plan was adopted in the President's own town in Ohio, and is said to have given great satisfaction Another subject to which the civil service message is expected to refer, is the law which makes four years the term of office. A recommendation may be made that, instead of this definite term, the commission run until removed for cause. The bill submitted to the Senate by Mr. Howe to punish the forcible obstruction of interstate commerce upon railways, provitles that whenever any person or persons shall conspire together to obstruct or hinder by force, violence, threats, or intimidation the free and customary transit of persons, baggage, and merchandise passing by railway or water from any one State or Territory into another, such offense shall be deemed a misdemeanor against the United States, and persons found guilty thereof, on conviction, shall be punished by a fine of five hundred dollars and one year's imprisonment, that whenever any persons shall compel any railroad employee engaged in the transportation of interstate com merce to abandon his duties, they shall, on conviction thereof, be fined not less than five hundred dollars nor more than three thousand dollars, and be imprisoned not less than one year nor exceeding five years. The Controller of the Currency has declared a dividend in favor of the creditors of the Third National Bank of Chicago of 45 per cent., and of creditors of the Central National Bank of Chicago of 25 per cent., payable as soon as the schedules are received by the receivers and examined. He has also declared a dividend in favor of the creditors of the following banks; First National Bank of Delphi, Ind., 25 per cent., making in all 50 per cent.: First National Bank of Duluth, Minn., 20 per cent., making in n'l 65 per cent......... President Hayes has written the following letter in answer to one written by J. M. Glover, Chairman of the Department: Committee on Expenditures in Treasury EXECUTIVE MANSION. Washington, January DEAR SIR: I am in receipt of a resolution adopted by the Committee of the House of Representatives on expenditures in the Treasury Department, requesting my co-operation with the committee in its investigation of alleged abuses in said department. with I shall be glad to co-operate heartily the committee in the proposed investigation, and to that end will issue such proper directions to all officers of that or any other department as may be required to secure prompt and effective assistance in the conduct of the investigation. Touching the suggestion contained in your letter that witnesses who may testify before the committee may be apprehensive of losing their places if they testify truly and fully, you are at liberty to assure all subordinate officers that the fact of their testifying before the committee shall not be used to their prejudice. Very respectfully R. B. HAYES. Hon. John M. Glover, M.C. Captain A. K. Long, Commissary of Sub. sistence at Washington, committed suicide on the 22d January. He went home at the usual hour in the afternoon, and entering his wife's room had a brief conversation with her, and immediately afterward passed into an adjoining room and shot himself near the heart, causing death almost immediately. Long was pardon clerk at the White House under President Johnson, and assigned to duty with Mr. Johnson when the latter was Military Governor of Tennessee. He married the daughter of Hon. Henry D. vania. Foster, ex-Representative from PennsylItems in General. Cerro Gordo Williams is the United States Senator from Kentucky The death of Mr. Samuel Bowles, of the Springfield (Mass.) Republican, which occurred at eleven o'clock on the night of January 16, was not unexpected. It was the result of acute symptoms following a general break ing down of the system, the result, no doubt, of overwork. Mr. Bowles was only in his fifty-second year, having been born at Springfield, February 9, 1826. Stanley, the African explorer, reached Paris on the 16th inst. The stroke of a pick by a workman in the Potts mine, near Locust Dale, Pa., freed a large body of gas, which was fired by the lights in the mine. A fearful explosion followed, killing five men, and seriously injuring a number of others. The memory of the dead King Emanuel of Italy was honored at Cincinnati by the Ita ian residents. A requiem mass was celebrated, and an interesting sermon delivered by Archbishop Purcell. Frank B. James, a prominent business man of Cincinnati, committed suicide a few mornings ago. Sickness in the family and business troubles were the cause B. Groome has been elected Unites Senator James for Maryland. The Bohl Silver Resolutions were adopted in the Ohio Senate, by a party vote, the Republicans refusing to censure the President and Secretary Sherman The Lehigh Valley Coal Company has announced its prices per ton, delivered on board Lump $3.75, steamboat $3.50, broken $3.25@3.50, egg $3.35@3.50, stove $3.75, chestnut $.25. Stanley, the African explorer, was ban queted Saturday night in Paris, by the Geographical Society. Two hundred and seventy guests were present. He was presented with two medals Mr. Lorillard, member of a New York to. bacco manufacturing firm, was before the Ways and Means Committee on Saturday and presented arguments against the reduetion of the tobacco tax The liabilities of Jacob Bunn, the Springfield (III. banker are reported at $912,000, and the available assets at $880,000. The assignee thinks creditors will get seventy five cents on the dollar The Greenbackers of the Twelfth (III.) Congressional District held a meeting at Springfield Saturday, elected officers, adopted resolutions, heard Brick Pomeroy, etc., and arranged to perpetrate their memory in future official elections Commod re George N. Hollins died at Bal timore Friday night, of paralysis, aged seventy-nine years. He was in command of the sloop-of-war Cyane, which bombarded Greytown, Nicaraugua, in 1854. At the commencement of the late civil war he

13. April 9, 1879 The New Orleans Daily Democrat New Orleans, LA
Article from The New Orleans Daily Democrat, April 9, 1879

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

14. April 9, 1879 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, April 9, 1879

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

15. April 9, 1879 Daily Globe Saint Paul, MN
Article from Daily Globe, April 9, 1879

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

16. May 15, 1885 The Mankato Free Press Mankato, MN
Article from The Mankato Free Press, May 15, 1885

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First ins. May 1; last June 5. SUMMONS. TATE OF MINNESOTA, County of Blue Earth, District Court, Sixth Judicial District. Ingold C. Schermerhorn, Josephine C. Schermerhorn, Reed Schermerhorn, Daisy Schermerhorn and Daniel G. Willard, guardian ad litem of Kate Schermerhorn, minor, plaintiffs against Waldo W. Williams, Julia Stewart, Reed Case, Jr. Charles G. Case. Bement Lyman, Ella Lyman, Wm. C. Spears, Harry D. Spears, Florance Banner, Mortimer C. Levering, administrator of the estate of James Spears (deceased), James P. Dugan. The unknown heirs of Florance Banner, deceased, First National Bank of Delphi, Indiana, and Larry G. Beck, receiver of the First National Bank of Delphi, Indiana, defendants. The State of Minnesota to the above named Defendants: You and each of you are hereby summoned and required townswer the complaint of the plaintiffs in they love entitled action, which is on file in the office of the Clerk of the District Court of the Sixth Judicial District in and for the county of Blue Earth and State of Minnesota, and to serve a copy of your answer to said complaint on the subscribers, at their office, in the city of Mankato, in the county of Blue Earth within twenty days after the service of this summons upon you, exclusive of the day of such service; and if you fail to answer the said complaint within; the time aforesaid, the plaintiffs in this action will apply to the Court for the relief demanded in the complaint, together with the costs and disbursments herein. Dated April 27th, A. D. 1885. WILLARD & HUGHES, Plaintiff's Attorneys, Mankato, Minn.