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NEW YORK, Jan. 1.-The suspension of the Grocers' bank was announced to-day The suspension was agreed to at a meeting of the stockholders yesterday, and its cause was the failure of J. Lloyd Hough, wire manufacturer, the bank holding from $80,000 to $100,000 of his paper.
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THE SUSPENSION OF THE GROCERS' BANK in New York, a state institution, is announced. The suspension was agreed to at a meeting of stockholders Wednesday, and its cause was the failure of J. Lloyd Halgh, wire manufacturer, the bank holding from $80,000 to $100,000 of his paper as security. The original capital of the bank was $300,000, which was reduced a year ago to $225,000. The last statement of the bank, made Dec. 13, gives the liabilities at $1,125,687.
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Mr. Joseph D. Periam, the cashier of the Grocers' Bank, of New York city (a State corp oration) was served with an order stating that Mr. Stephen V. White, at No. 10 Wall street, had been appointed a receiver. The directors consequently made no statement. The receiver was appointed through an application of the stockholders.
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Suspension of a New York Rank. NEW YORK, Jan. 2.-The Grocers' Bank, a State bank. 59 Barclay street, suspended. caused by the failure of J. Lloyd Haigh, wine mannfacturer. The bank held from $80,000 to $100,000 of bis paper as security.
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New York, Jan. 2.-Quite a crowd gathered to-day in front of Grocer's bank. Barclay street and College place, on the door, which was guarded by a policeman, was a notice to the effect that because of embarrassment the business of the bank was temporarily suspended. The Grocer's bank is the twenty third that has suspended during eight years.
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NEW YORK, January 2.-Quite a crowd gathered in front of the Grocers' Bank, at Barclay street and College Place, on the door of which, guarded by the police, was a notice to the effect that because of the embarrassmentÀ in-business the bank was temporarily suspended. The Grocers' Bank is the twenty-third that has suspended during eight years. Stephen V. White, banker, has been appointed receiver, on application of the stockholders.
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The general interest in the suspension of the Grocers' Bank, caused by the failure of Mr. Haigh, one of the contractors for the East River Bridge, must be greatly increased by the statement positively made by well-informed persons that a large proportion of the acceptances held by the bank in Mr. Haigh's name are forged. The extent of these forgeries and the responsibility for them are not yet clearly known. The matter will necessarily receive immediate and thorough investigation.
Perhaps the most curious contribution to the literature of the Maine controversy is Mr. Talmage's indorsement of Governor Garcelon's personal character. Mr. Talmage is evidently under the impression that this is a question purely of politics, and not of morals at all. In his prayer-meeting talk last night he pronounced Governor Garcelon "from personal knowledge" to be "as pure a man as can be found in public life," and said that it was "unfair and unchristian to question his motives." In view of the barefaced reversal of the popular vote which the Governor has brought about and the means by which it was effected, it is certainly a little too much to ask us not "to question his motives." Failures
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NEW YORK, Jan. 2.--Quite a crowd gathered to-day in front of the Grocers' bank, Barclay street and College Place, the door of which was guarded by policemen, and on which was a no" tice to the effect that because of the embarassment the business of the bank was temporarily suspended. The Grocers' bank is the twenty-third that has suspended during eight years. Stephen V. White, banker, has been appointed receiver on application of the stock holders.
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NEW YORK, Jan. 3. - Great excitement continues among the creditors and depositors of the broken Grocers' Bank. Stephen V. White, receiver, and his counsel, were present since early this morning, endeavoring to collect together the assets. White said he had already deposited $120,000, and that remaining assets would more than cover the claims of the creditors and depositors, and that the only
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NO NEW DEVELOPMENTS. OFFICERS AND COUNSEL SILENT IN REGARD TO THE FORGED SECURITIES-AN EXPLICIT DENIAL BY MR. HAIGH THAT BE NEGOTIATED FRAUDULENT PAPER. The receiver of the Grocers' Bank took possession of its effects yesterday. Neither officers nor counsel were willing to give information in regard to forged securities held by the bank: Mr. Haigh explicitly denied that he had negotiated any such paper. and expressed confidence that the creditors would receive all that was due them. It is reported that other banks hold forged securities, but not in sufficient amounts to endanger their solvency.
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NEW YORK, Jan. 6.-Receiver White of the Grocers' bank says $125,000 worth of forged paper has been discovered. The receiver did not believe business would ever be resumed by the institution. In answer to the question, "Will any compromise be accepted from Haigh?" He replied. "No; the offense I have charged him with is a criminal one and against the people. The case is in their hands now and Haigh will be vigorously prosecuted." J. Llyad Haigh, charged with forgery, was this afternoon admitted to bain in $25,000.
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NEW York, Jan. 2.-Quite a crowd gathered to-day in front of the Grocers' Bank, corner of Barclay street and College place. On the door, which was guarded by policemen, was a notice to the effect that "Because of embarrassments the business of the bank was temporarily suspended." The Grocers' Bank is the twenty-third that has suspended during eight years. Stephen V. White, banker, has been appointed receiver on application of the stockholders.
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The Grocers' Bank of New York City suspended on the 1st. AIRTHANT
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ALL the indictinents in the legislative cases in Pennsylvania were quashed at the adjourned session of the the court at Harris-burg, on the 2d inst.
CHARLES STEWART PARNELL, the Irish land agitator arrived at New York on the steamer Scythia on the 2d inst. He was received by several committees on board a revenue steamer in the bay, and escorted to the city.
THE Grocers' bank, New York, has suspended.
GEORGE, the Count Joannes, one of the most noted of all New York's eccentric characters, is dead, aged 69.
THE Supreme Court of New York, in general term, has refused a motion for a new trial for Christine Cox, the mulatto murderer of Mrs. Jane De Forest Huil.
It has been decided that the cattle disease which had broken out at Haverhill, N. H., is not pleuro-pneumonia, nor epidemic, but was induced by local causes.
THE will of the late Alexander Stuart, the New York sugar refiner, was filed on the 29th. He leaves his entire estate, real and personal, valued at about $7,000,000, to his brother, Robert L. Stuart, and appoints him executor.
COL. ARTHUR T. LEE, U. S. navy, retired, died at Rochester, N. Y., on the 29th.
THE failure of J. Lloyd Haigh, manufacturer of wire, New York, was announced on the 29th. His total liabilities are estimated at $300,000, while his nominal assets are placed at $450,000.
RECORDER HACKETT, of New York city, died suddenly on the 27th.
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NEW YORK, Jan. 2.-Quite a crowd gathered to-day in front of the Grocers' bank, on Barclay street and College place. On the door, which was guarded by a policeman, was a notice that because of the embarassment of business the bank was temporarily suspended. The Grocers' bank is the twenty-third that has suspended during the year. Stephen U. White, a banker, has been appointed receiver, on the application of the stock. holders. Fires.
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RECEIVER WHITE TO PAY SIXTY PER CENT. The report of Receiver S. V. White, of the Grocers' Bank, was filed in the Kings County Clerk's office yesterday, together with an order of Judge Gilbert, directing a preliminary distribution of the assets, The most important figures of the report have been given already in THE TRIBUNE. Judge Gilbert ordered the receiver to make a preliminary distribution at his office, No. 59 Barclay-st., on March 1, among the creditors of the bank whose claims had been presented and proved. to the extent of 60 per cent of such claims.
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H. MULLER & SON, Auctioneers. A. RECEIVER'S SALE of a BANKING-HOUSE, SATURDAY. March 27. at 12 ID., at Exchange Salesroom, 111 Broadway. Sale positive. The banking-house formerly ocenpied by the Grocers' Bank, situated at the corner of Bar. clay-st. and College place. Size. 25 feet on Barclay-st. by 75 feet on College-place. Leasehold. under lease from trustees of Columbia College for twenty-one years from May 1, 1872. with usual covenants for renewal: subject to ground rent of $1,700 per annum, payable semi-annually, and all taxes, water rates and assessments. STEPHEN V. WHITE, Receiver, &c.
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J. Lloyd Haigh Sentenced. NEW YORK, Aug. 6.-Iu the general sessions to-day J. Lloyd Haigh, the well-known wire. rope manufacturer and the contractor for the wire for the East river bridge, who by means of false acceptances caused the suspension of the Grocers' bank, was arraigned for forgery in the third degree. Through counsel he pleaded guilty, stating that he had done all in his power to make reparation for the injury committel, and implored a light sentence. Judge Gildersleeve severely reprimanded the prisoner and sentenced him to hard labor in the state prison for four years. The specific charge to which Haigh pleaded guilty was the forgery of a draft dated December 15, 1879, for $4,993.12, payable to and signed by himself and accepted by Messrs. Barney & Ferris of Sandusky, Ohio.
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NEW YORK, Aug. 6. J. Lloyd Haight, a we'l-known society man of this city and Brooklyn, and contractor for the wire for the East River bridge, whose forgeries caused the suspension of the Grocers' Bank in this city, was to-day sentenced to State prison for four years at hard labor.
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Pietro Balbo, an Italian, aged twenty-three, who murdered his wife last September fo proving untaithful to him, was hanged a few days ago in the New York Tombs. At a serenade tendered to General Garfiel at the headquarters of the National Republican committee in New York a few nights ago speeches were made by the Republican nominees for President and Vice-President, Senator Logan, Hon. Edwards Pierrepont, Congressmen Williams, Conger, McKinley and others.
J. Lloyd Haigh, the New York wire contractor whose failure led to the suspension of the Grocers' bank of that city, pleaded guilty of forgery and was at once taken to Sing Sing to serve a term of four years. It is expected that the British harvest this year will be an improvement upon that of 1879.
Thomas Boyd, crown solicitor for Tipperary, Ireland, and his two sons were fired at near New Ross by masked men armed with guns and bayonets. Mr. Ross was severely if not fatally wounded and one of his sons was killed. Six arrests, including one woman, were made. The steamer Jeddah, from Singapore, for ad-ered off Guardani with 953 pilgrims for Jeddah. All on board perished, except the captain and his wite, the chiet engineer, chief officer, an engineer and sixteen natives, who were picked up and brought to Aden by the steamer Scindia. Captain Carter and Mr. Cadenhead, of the Royal Belgium exploring expedition, have oeen murdered by Chief Wrambo in Central Africa.
The fast railway train between Edinburg and London, known as the "Flying Scotchman," ran off the track near Berwick-upon-Tweed, killing the engineer and brakeman and severely wounding several others. The Emperors of Germany and Austria have had a conterence at Ischl. An Italian mechanic, condemned to four years' imprisonment at Cusano, starved himself to death in thirty days.
In the district of Ratibor Germany, more than twenty villages have been destroyed by floods, and a loss of many million of marks has been entailed by the total destruction of the harvest. Four hundred and eighty square miles are under water in Silesia. By an accident on the Midland railroad between Lee's and Lancaster in England seven persons were killed and twenty injured. Volunteers are enrolling and recruits are being actively enlisted everywhere throughout Greece on account of its anticipated wai with Turkey.
Mr. Lewin, a justice of the peace, was firec at while returning home from Tuam, Ireland. Three bullets struck him in the breast, but without effect. as he wore a coat of mail.