7554. Bank of Lafayette (New Orleans, LA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
March 20, 1879
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini
Short Digest
feaf8911

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Partial suspension

Other: Certification of checks and limit of $200 payout per depositor per day arranged by the New Orleans Clearing House; large currency shipments from New York.

Description

The Bank of Lafayette was among many New Orleans banks that temporarily suspended on 1879-03-20 due to a local scarcity of currency and threatened depositor withdrawals (clearinghouse imposed $200 payout limit). By September 1879 the bank was in liquidation and its president Berry Russell was arrested for embezzlement, indicating permanent failure. I classify the sequence as a run leading to suspension and eventual closure. Bank type inferred as state (no 'National' or 'Trust' in name).

Events (3)
1. March 20, 1879 Suspension
Cause
Local Shock
Cause Details
Scarcity of currency and threatened panic/large withdrawals; clearinghouse resolution limiting payouts to $200 per depositor per day.
Newspaper Excerpt
The following is a list of the New Orleans banks whose temporary suspension was announced: ... Bank of Lafayette ... The order of suspension will expire on the 29th inst., and before that time funds from this city will have reached the banks. The action taken was to avert a threatened panic.
Source
newspapers
2. September 17, 1879 Other
Newspaper Excerpt
Berry Russell, president of the Bank of Lafayette, New Orleans, now in liquidation, was arrested on the 17th, charged with embezzling nearly $13,000 of the bank's money.
Source
newspapers
3. September 19, 1879 Receivership
Newspaper Excerpt
Berry Russell, formerly President of the Bank of Lafayette of New Orleans, who was appointed by the Directors to liquidate the affairs of the bank, has been arrested on a charge of embezzling $13,000 of the funds of the concern.
Source
newspapers

Newspaper Articles (16)
1. March 21, 1879 New-York Tribune New York, NY
Article from New-York Tribune, March 21, 1879

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EFFECT IN THIS CITY. VERY LITTLE EXCITEMENT IN FINANCIAL CIRCLESOVER $1,000,000 SENT TO NEW-ORLEANS BY NEW-YORK BANKS. The news of the suspension of all the New-Orleans banks did not cause much excitement in this city yesterday, and bankers declared that it would be temporary. The suspension of one or two of the banks with small capital precipitated action by the New-Orleans Clearing House. The resolution to suspend was followed by telegraph orders upon the New-York correspondents for the balances here to be forwarded in legal-tender notes. The only regret manifested by bankers was that the suspension, even though temporary, should have occurred at this time. It was stated by a leading banker that between March 15 and April 1 was the general settling season between the banks of New-York, Pennsylvania and a part of New-England. Last year at this season $4,000,000 was sent away from this city, against $15,000,000 during the same time in 1877. It was not expected that much over $5,000,000 would be required this year, some of which had been forwarded. The Boston and Philadelphia banks are reported as well supplied with legal-tender notes, and exchange on New-York was quoted yesterday at a discount. The banks yesterday made demands for call loans to meet the drain of $1,000,000 sent to New-Orleans. It was feared that this would make a poor showing on this week's bank statement. The legal-tender surplus last week was less than $4,000,000, and it was feared that on Saturday it would run down to below $3,000,000. The New-York correspondents of the banks which have temporarily suspended are as follows: For the German National of New-Orleans, the Fourth National and Importers' and Traders' Banks of NewYork; for the Hibernia National, the Importers' and Traders'; for the Louisiana National, the Third National Bank: for the New-Orleans National, the American Exchange and Hanover Banks; for the State National, the Bank of New-York and Park Bank; for the Union National, the Park Bank ; for the Bank of Lafayette, the American Exchange Bank; for the Citizens' Bank of Louisiana, the Metropolitan Bank: for the Mechanics' and Traders', M. Morgan's Sons; for the New-Orleans Canal and Banking Company, M. Morgan's Sons; for the People's Bank, the Merchants Bank; for the Workingmen's Bank, the Park Bank: for the Mutual National, the City and Mechanics' Banks. Over $1,000,000 was sent to New-Orleans yesterday from this city. Seven banks in the city which hold the deposits of the New-Orleans banks were called on for money and promptly responded. The following are the amounts sent by the several banks:

2. March 21, 1879 The Sun New York, NY
Article from The Sun, March 21, 1879

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PRICE TWO CENTS. CRESCENT CITY FINANCES. WHY THERE WAS A GENERAL SUSPENSION OF NEW ORLEANS BANKS. A Serious Pante Averted by Resorting to the Method Adopted by the New York Banks In 1873- The Effect there and In this City. NEW ORLEANS, March 20.-The Clearing House Association voted, this morning. that in order to to protect the business public from the calamity of any further suspensions of banks arising from what seems an entirely unneces. sary panic in the withdrawal of deposits from banks known to be solvent and sound, the Clearing House banks should not pay out on checks more than $200 to any one depositor on any one day. and that all other payments should be made by certification of checks, which should on by the the arrangement to tempoClearing be received House. deposit banks members be inst. of rary, and to expire on Saturday. the 29th The banks having accepted this proposal, a despatch was sent to New York by the President of one of the banks here. informing the New York banks that the banks here have suspended until currency arrives from New York. All Clearing House banks by resolution have refused to pay out on checks more than $200 to any one depositor in any one day until the 29th. Exchange in New York is entirely nominal. Correct quetations cannot be given. The followinglis a list of the banks that have temporarily suspended: Germania National, its New York correspondents being the Fourth National and Importers' and Traders' Banks: Hibernia of New Orleans, New York correspondent Importers' and Traders' Bank: Louisiana National Bank. New York correspondent Third National Bank: New Orleans Mutual, New York correspondents City and Mechanics' Banks: New Orleans National. New York correspondents American Exchange and Hanover banks: State National of New Orleans, New York correspondents Bank of New York and Park Bank: Union National of New Orleans, New York correspondent Park Bank: Bank of Lafayette of New Orleans, New York correspondent American Exchange Bank Citizens of New Orleans. New York correspondent MetroBank: Louisiana National, New politan York correspondent Fourth National Bank: New Mechanics' and Traders' of New Orleans, York correspondents M. Morgan's Sons: Metropolitan of New Orleans, New York correspondents Limburger & Taliman of New York: New New Orleans Canal and Banking Company. York correspondents M. Morgan & Sons of New York: People's of New Orleans, New York correspondent Merchants' Bank: Southern Bank New Orleans, New York correspondent of Chemical Bank: Workingmen's Bank of New Orleans. New York correspondent Park Bank. To stop a growing panic following the late Orsuspension of the Southern Bank of New and the Mechanics' and Traders' Bank two leans, savings banks. all the other banks, thirteen number, composing the Clearing House Association. in agreed to make certification of checks bedrawn against them on the basis of business tween themselves, and with depositors. howCollections for distant customers, will be remitted for, as heretofore. in ever. checks on New York. In effect this has action currency involves only local interests here. and checked the panic. the pretext for which will cur- be entirely removed in a day or two when rency arrives, which is already ordered about from New York. The banks held this morning $2,200,000 in legal tender notes, and $3,000,000 sight exchange on New York, exclusive of their portfolios, with which to meet about $10,000,000 due-depositors. Most of the banks to-day_recelved more currency from depositorsthat they paid out. MEMPHIS Tenn.. March 20.-The New bank- Orleans bank troubles have had no effect on ing or other business in this city. All of the banks included in the New Orleans this Clearing House have correspondents in of city: but, so far as could be learned. none them is affected by the temporary suspension. Manager Camp of the New York Clearing House said that the action taken by the New Orleans the banks was exactly similar to that taken by banks here during the panic of 1873. It was done to prevent depositors from getting their out and putting it in their pockets. money where it would do no one any good. and market. only increase the stringency of the money could betransneted as usual the use settlement of Business of certified checks. which that but is made little through the Clearing House, so banks. changes hands or leaves the money Nearly every correspondent of the New Orleans received despatches from there yesterday assuring banks them of their solvency and that all was well. Demands for money were also received. dol- As could be learned, n round million of far as was shipped to New Orleans yesterday. lars The shippers said that the money belonged here to the banks withdrawing it. it having lain trouble deposit. The exaggerated reports of on caused no perceptible effect on the stock OI

3. March 21, 1879 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, March 21, 1879

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A FINANCIAL EARTHQUAKE. New Orleans Banks Imposing Restrictions that Indicate an Alarming Shakiness-The Effect in St. Louis and New York. NEW ORLEANS, March 20.-The clearinghouse banks decide not to pay out on checks more than two hundred dollars to one depositer in one day, all other payments to be made by the certification of checks, which shall be received on deposit by the banks of the clearing house. The arrangement will be temporary. Collections for distant customers will be re.nitted for as heretofore in currency checks on New York. In effect, this action involves only local interests here, and has checked the panic, the pretext for which will be entirely removed in a day or two, when the currency arrives which is already ordered from New York. The banks held this morning about two million Etwo hundred thousand legaltenders and three million sight exchange on New York, Exclusive of their portfolios, with which to meet about ten millions due depositors, most of the banks to-day received more currency from depositors than they paid out. THE EFFECT IN ST. LOUIS. ST. LOUIS, March 20.-The news of the suspension of the banks at New Orleans had comparatively little effect on 'change other than in the southern provision jobbing trade, which was somewhat depressed owing to the belief that monetary affairs at New Orleans and adjacent towns which do their business through the New Orleans banks would be at least temporarily disturbed. The general business of the city and banks here will not be affected to any appreciable extent. NEW YORK COMING TO THE RESCUE. NEW YORK, March 20.-The following is a list of the New Orleans banks whose temporary suspension is announced: Germania national bank, Hibernia national bank, Louisiana national bank, Mutual national bank. New Orleans national bank, State national bank, Union national bank, bank of Lafayette, Citizens bank of Louisiana, Citizens savings bank, Louisiana savings bank, Metropolitan bank, New Orleans canal and banking company, Peoples bank, and Workingmen's bank. Many orders for currency were received here to-day from New Orleans, and large amounts shipped. The order of suspension expires on the twenty-ninth instant, and before that time funds from this city will have reached the banks. The action taken was to avert a threatened panic. Over one million dollars were sent to the New Orleans banks to-day from this city. Mr. Hendricks's Position. Indianapolis Journal: "We are not authorized to speak for Governor Hendricks, nor is Montgomery Blair, and when he says that Mr. Hendricks is for the old ticket of Tilden and Hendricks he does not speak authoritatively. That may be Mr, Hendricks's second choice. It is not fair play, however, for eastern Democrats to assume to speak by authority and place Mr. Hendricks second on the ticket. Hailing from the only State north of Mason and Dixon's line carried by the Democrats last year, he is entitled to fair play in the canvass. Natal Railwav Accident

4. March 21, 1879 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, March 21, 1879

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LOUISIANA. A General Suspension of Banks. New Orleans, March 20.-A growing scarcity of currency caused the temporary suspension here of the following banks: Germania National Bank, Hibernia National, State National, Union National, Bank of Lafayette, Citizen's Bank of Louisiana, Citizens' Savings bank, Louisiana Savings bank, Metropolitan bank, New Orleans Canal and Banking company, People's bank and Workingmen's bank. Orders for currency have been sent to New York and large amounts were shipped to-day. The order of suspension will expire on the 29th inst., and before that time funds from New York will have reached the banks. The action taken was to avert a threatened panic. The banks held this morning about $2,200,000 in legal tenders and $3,000,000 sight exchange on New York, exclusive of their portfolios, with which to meet about ten millions due depositors. Most of the banks to-day received more currency from depositors than they paid out. Collections for distant customers will be remitted for as heretoforein currency checks on New York. The effect of this action involves only local interests here and has checked the chances for a panic, any pretext for which will be entirely removed in a day or two when the currency arrives.

5. March 21, 1879 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, March 21, 1879

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Wholesale Suspension of New Orleans Banks. NEW YORK, March 20.-The following is a list of the New Orleans banks whose temporary suspensions were announced to-day: Germania National Bank, Hebernia National Bank, Louisiana National Bank, Mutual National Bank, New Orleans National Bank, State National Bank, Union National Bank, Bank of Lafayette, Citizens' Bank of Louisiana, Citizens' Savings Bank, Louisiana Savings Bank, Metropolitan National Bank, New Orleans Canal and Banking Company, People's Bank, Workingmen's Bank. Many orders for currency were received here to-day from New Orleans and large amounts were shipped. The order of suspension expires on the 29th inst., and before that time the funds from this city will have reached the banks. The action taken was to avert a threatened panic. NEW York, March 20. -Over - one million dollars were sent to the New Orleans banks to-day from this city.

6. March 21, 1879 Daily Globe Saint Paul, MN
Article from Daily Globe, March 21, 1879

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FINANCIAL FLURRY. Temporary Suspension of the National and State Banks of New Orlean-Scarcity of Currency and Threatened Panic the Cause -Large Currency Shipments from New York. NEW YORK, March 20.-The following is a list of New Orleans banks whose temporary suspension was announced to-day: Germania National bank, Hibernia National bank, Louisiana National bank, Mutual National bank, New Orleans National bank, State National bank, Union National bank, Bank of Lafayette, Citizens' Bank of Louisiana, Citizens' Savings bank, Louisiana Savings bank, Metropolitan bank, New Orleans Canal and Banking company, Peoples' bank, and Workingmen's bank. Many orders for currency were received here today from New Orleans, and large amounts were shipped. The order of suspension expires the 29th inst., and before that time funds from this city will have reached the banks. The action taken was to avert a threatened panic.

7. March 21, 1879 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, March 21, 1879

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NEW YORK. Recial Dispatch 10 The Tribune. NEW YORK, March 20.-The news of the action of the New Orleans Cluaring-House was early received on the street, but produced no apparent effect. Business went on as usual, and no apprehension was felt of trouble here in the future arising from the difficulties of the Now Orleans banks. The prlucipal cause of the fluancial troubles in Louisiana is here held to be Democratic misrule, and the probability of repudiation, which sent Louisiana bonds from S3 to 48 within the past six weeks. Between $1,500,000 and $2,000,000 left this city to-day for New Orleans. Some of the New Orleans banks made no call on their correspondents, though having large balances on deposit here. The New Orleans banks are nearly all in excellent condition as regards their New York accounts, and bankers here generally express their belief that the paute will subside without serious results to the Southern banks. The effeet of the withdrawal of 80 much currency just at this time, when New York bank reserves are down to $4,325,723 above the legal limit, and Government bond settlements, growing out of the marketing of the 4 per cent loan and the dunual settlements of the farmers of Eastern and Middle States are about to occur, was seriously discussed 'n financial circles. It was suggested that the Secretary of the Treasury be requested to change the place of payment of the called bonds to New York from Washington, to anticipate the payment of the April interest, and the payment of all called bonds maturing before April 15, making payment hero without robate, to agree to call on National banks for money only after nctual payment of checks given for called bonds, and to allow National banks to satisfy calls upon them for money by turning into the Treasury any past-due called bonds, they to be credited on account. These measures will probably be proposed to the Secretary, and no apprehensions are felt that he will refuse to act upon them, as bankers any he has given them personal assurance of his intention to prevent, by any legitimate means, the possibility of a monetary stringency here. Tothe Wastern Associated Press. New YORK, March 20.-The following is n list of the New Orleans banks whose temporary suspension is announced to-day: Germania National Bank, Ilibornia National Bank, Louisiana National Bank, Mutual National Bank, New Orleans National Bauk, State National Bank, Union National Bank, Bank of Lufayette, Citizens' Bank of Louisiana, Citizens' Savings Bank, Louisiana Savings Bank, Metropolitan Bank, Now Orlenus Canal & Banking Company, People's Bank, Workingmen's Bank. Many orders for currency were received here to-day from New Orleans, and large amounts shipped. The order of suspension expires on the 29th inst., and before that time funds from this city will have reached the banks. The netion taken was to avert a threatened panie.

8. March 22, 1879 Daily Press and Dakotaian Yankton, SD
Article from Daily Press and Dakotaian, March 22, 1879

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The following New Orleans banks suspended on Wednesday: German National bank, Hibernia National, Louisiana National bank, Mutual National, New Orleans National, State National, Union National, Bank of Lafayette, Citizens bank, Louisiana Savings bank, Metropolitan bank, New Orleans and Banking Company's bank, Workingmen's bank.

9. March 26, 1879 The Weekly Clarion Jackson, Meridian, MS
Article from The Weekly Clarion, March 26, 1879

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Merchants Convention at Forest. By a circular from Mr. J. T. O'Ferrall, Secretary of a Merchants' meeting at Newton, we learn that it is proposed to hold one at Forest on the first Monday in April, for the purpose of selecting a committee to confer with the Directors of the Vicksburg and Meridian Railroad on the subject of a reduction of the freight tariffs of the said road. All the towns on the line of the road are urged to appoint delegates to the Convention. THERE is great trouble among the New Orleans Banks, the following is a list of those whose suspension has been announced: Germania National Bank, Hibernia National Bank, Louisianą National Bank, Mutual National Bank, New Orleans National Bank, State National Bank, Union National Bank, Bank of Lafayette, Citizens' Savings Bank, Louisiana Savings Bank, Metropolstan Bank, New Orleans Canal and Banking Company, People's Bank, Workingmen's Bank.

10. March 30, 1879 The Weekly Elko Independent Elko, NV
Article from The Weekly Elko Independent, March 30, 1879

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A NEW ORLEANS dispatch announces the temporary suspension of the following banks: The Germania National Bank, the Hibernia National Bank. the Louisiana National Bank, the New Orleans National Bank, the State National Bank, the Bank of Lafayette, the Citizens' of Louisiana, the Citiz ns' Savings Bank of Louisiana, the Savings Bank, the Metropolitan Bank, the New Orleans Bank. the New Orleans Canal and Banking Company, the Peoples Bank, and Workingmen's Bank. Collections for distant customers will be remitted for. as heretofore, in currency checks on New York. The effect of this action only involves local interests and has checked a panic the pretext for which will be entirely removed in 11 day or two when the currency arrives which is already on its way from New York.

11. September 24, 1879 Watertown Republican Watertown, WI
Article from Watertown Republican, September 24, 1879

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Unfaithful Servants. A rapid rise in provisions caused the suspension on the 19th of Joseph Jones & Sons, one of the oldest firms on the Chicago board of trade. The house of Campbell & Johnson also succumbed to the pressure. The banking and exchange house of James Alger & Co., Charleston, S. C., failed on the 19th. Berry Russell, president of the Bank of Lafayette, New Orleans, now in liquidation, was arrested on the 17th, charged with embezzling nearly $13,000 of the bank's money.

12. September 25, 1879 Mower County Transcript Austin, Lansing, MN
Article from Mower County Transcript, September 25, 1879

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Untaithful Servants. rapid rise in provisions caused the suspension on the 19th of Joseph Jones & Sons, one of the oldest firma.or the Chicago board of trade. The house of Campbell & Johnson also succumbed to the pressure. The banking and exchange house of James Alger & Co, Charleston, S. C., failed on the 19th. Berry Russell, president of the Bunk of Lafayette, Now Orleans, now in liquidation,

13. September 25, 1879 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, September 25, 1879

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Unfaithful Servants. A rapid rise in provisions caused the suspension on the 19th of Joseph Jones & Sons, one of the oldest firms on the Chicago board of trade. The house of Campbell & Johnson also succumbed to the pressure. The banking and exchange house of James Alger & Co., Charleston, S. C., failed on the 19th. Berry Russell president of the Bank of Lafayette, New Orleans, now in liquidation, was arrested on the 17th, charged with embezzling nearly $13,000 of the bank's money.

14. September 27, 1879 The Superior Times Superior, WI
Article from The Superior Times, September 27, 1879

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Unfaithful Servants. A rapid rise in provisions caused the suspension on the 19th of Joseph Jones & Sons, one of the oldest firms on the Chicago board of trade. The house of Campbell & Johnson also succumbed to the pressure. The banking and exchange house of James Alger & Co., Charleston, S, C., failed on the 19th. Berry Russell, president of the Bank of Lafayette, New Orleans, now in liquidation, was arrested on the 17th, charged with embezzling nearly $13,000 of the bank's money. George Otto, treasurer of Santa Cruz, Cal., is short $24,000 in his accounts, and is under arrest. Prescott Pillsbury of Lawrence, Mass., bank cashier, convicted of the embezzlement of $64,000, has been sentenced to five years in Lawrence jail.

15. September 27, 1879 American Citizen Canton, MS
Article from American Citizen, September 27, 1879

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SOUTHERN GLEANINGS. -James Bradwell, white, and Tom Rasibow, colored, who were to have been hanged at Statesville, N. C., on the 19th for burglary, had their sentences commuted by the Governor to imprisonment for life. This case attracted a great deal of attention on account of the prominent position of Bradwell, one of the parties. The friends of Davis, who, with two companions in crime, were hanged in Hillsboro in June for burglary, are loud in denouncing the Governor's seeming partiality in this case. -Five men, named Hill, Weldon, Beal, Armstrong and Roak, residents of Tarrant County, Texas, have been arrested and taken to Dallas, charged with violating the Civilrights bill by whipping and intimidating a white man living in their neighborhood named Hannah, because he had a colored wife. The arrest was made by a United States Marshal. -Near Lebanon, Russell County, Va., on the 13th, a most horrible murder was committed by a woman, the victim likewise being a woman. The name of the murderess is Barty. She killed Mrs. Harmon by beating her to death. They were both women of dissolute habits, and their quarrel was about a man still more worthless, who was married. to Mrs. Barty, but provoked her jealousy by consorting with Mrs. Harmon. Mrs. Barty was arrested and taken to Lebanon, but through the negligence or otherwise of the officer in charge she escaped and had not been heard of at last accounts. -The first train on the Waxahatchie (Texas) Tap Railroad ran into that town on the 12th, and the occasion was celebrated by a grand barbecue and other festivities. -Robert Atwood, perhaps the most noted prisoner in the Kentucky Penitentiary, has been pardoned out by Gov. Blackburn, after serving sentences of six years, three months and six years. Atwood was convicted of forgery, large amounts being obtained by him on bogus paper he had presented to Louisville banks. He came of a good family, and, while public sentiment was for a time against him strongly, it has lately been in his favor. -Peter Leach, who was confined in the Jail at Lumberton, N. C., for killing Sam Townsend, was fatally poisoned the other day by some cake given him by his wife. Leach killed Townsend because he believed him to be unduly intimate with his wife. Mrs. Leach is said to be a very handsome woman, and only 21 years of age. -A business block at Dallas, Texas, was burned on the morning of the 17th. The block was a wooden structure and occupied by a tea store, millinery store, bakery, book and news stand and restauraunt. The total loss is about $7,000; insurance, $1,800. The City-hall, opposite, caught fire several times, but was saved without damage. -Julius Toettel, who fatally stabbed a Denison saloon-keeper named Brenner, has been sentenced to be hanged at Sherman Texas, Nov. 13. -The safe of the Treasurer of Greene County, Ala., at Eutaw, was recently robbed of $9,000. No clew to the robber or the money. -Frank .H. Lensing, aged 50, of Louisville, Ky., formerly a well known grocer, committed suicide on the 17th in a most horrible manner. He locked himself in a room, saturated his clothing with kerosene and then applied a match. He was burned to a crisp before he could be reached. -A reunion of the survivors of the Reynolds Brigade is to be held at Little Rock during the State Fair, commencing Oct. 20. -Berry Russell, formerly President of the Bank of Lafayette of New Orleans, who was appointed by the Directors to liquidate the affairs of the bank, has been arrested on a charge of embezzling $13,000 of the funds of the concern. -Prof. Hilscher,a gentleman well informed about such matters, publishes a report in the San Antonio Freie Presse in reference to the recently discovered bituminous coal near Eagle Pass. The vein is 7 1-2 feet thick, is of pure bituminous coal, and will yield two clear tons of coal to the square yard, or 9,680 tons per acre. The vein probably runs eastward to the Nueces, 75 miles, and will contain about 5,000 squre miles. -R. W. Johnson of Clark County, Ark., is under arrest charged with swindling the widow of a Union soldier out of her pension. He applied for and received near $2,000 pension and arrearages, and it is alleged gave her only $50 of it. -H. E. Dalton, a farmer, formerly of Kentucky, was shot and killed near his home, seven miles north of Graham, Texas, on the 15th, by a man named James Gun, with whom he had had some business trouble. The murderer fled, closely pursued. -The Lexington (Ky.) Press says that the Mammoth Cave has been purchased by a party of Eastern capitalists for $200,000, and that they will complete the railroad from Glasgow Junction to the Cave, and put the hotel and its surroundings into the finest order. -A negro has been licensed to practice medicine in Madison County, Alabama. -Intelligence has been received at Fort Smith of the discovery of very rich lead mines in the vicinity of Spoonville, in Clark and Hot Springs Counties, Ark. It is found near the surface in great quantities. One man melted sufficient ore to yield500 pounds metal over a common fire and sold it at Arkadelphia. -The impeachment trial of Comptroller Goldsmith of Georgia resulted in his conviction and disqualification from ever again holding office in the State. His friends still stand by him and maintain that the verdict was unjust. There are several other trials and impeachments to follow, the first of which is that of Treasurer Renfroe. -There is said to be a great rush of gold

16. October 1, 1879 Union County Courier Elk Point, SD
Article from Union County Courier, October 1, 1879

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Untaithful Servants. A rapid rise in provisions caused the suspension on the 19th of Joseph Jones & Sons, one of the oldest firms on the Chicago board of trade. The house of Campbell & Johnson also succumbed to the pressure. The banking and exchange house of James Alger & Co., Charleston, S. C., failed on the 19th. Berry Russell, president of the Bauk of Lafayette, New Orleans, now in liquidation, was arrested on the 17th, charged with embessling nearly $18,000 of the bank's money.