Jewelers National Bank (North Attleboro, MA)

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Episode Information

Episode UID
767501296
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
76750 national
Charter Number
7675
Start Date
December 18, 1907
Location
North Attleboro, Massachusetts (41.983, -71.333)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
04fc0830193c6fb8

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1907-12-20
Date receivership terminated
1912-10-25
OCC cause of failure
Fraud
Share of assets assessed as good
68.4%
Share of assets assessed as doubtful
18.1%
Share of assets assessed as worthless
13.5%

Description

The bank suspended following the sudden death of its cashier and the discovery of insolvency due to his unauthorized loans and speculation; despite early talk of reopening, it was liquidated.

Events (6)
1. March 31, 1905 Chartered
Source
historical_nic
2. December 18, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier Sargeant exceeded his authority and made unauthorized loans to local concerns in which he was interested, leading to insolvency.
Newspaper Excerpt
The Jewelers National bank of this city whose vice president and cashier, Frederick M. Sargeant, was found dead in a bath tub at his home last night, failed to open for business today.
Source
newspapers
3. December 20, 1907 Receivership
Source
historical_nic
4. December 20, 1907 Receivership
Newspaper Excerpt
The comptroller of the currency today appointed Harry F. Currier receiver of the bank.
Source
newspapers
5. January 9, 1908 Other
Newspaper Excerpt
The board of directors of the Jewelers' National bank held a conference with Receiver Charles C. Bancroft today... regarding the re-opening of the bank.
Source
newspapers
6. January 25, 1908 Other
Newspaper Excerpt
The Jewellers' National Bank of North Attleboro, now in the hands of a receiver, will be liquidated and a new bank formed
Source
newspapers

Newspaper Articles (22)
1. December 18, 1907 Santa Fe New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe New Mexican, December 18, 1907

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BANK CASHIER MISUSED FUNDS Sudden Death of Officer of Massachusetts / Institution Causes Its Suspension. /North Attleboro, Mass., Dec. 18.The Jewelers National bank of this city whose vice president and cashier, Frederick M. Sargeant, was found dead in a bath tub at his home last night, failed to open for business today. Bank examiners are examining the accounts of the institution. Dead Cashier Misused Funds. New York, Dec. 18.-Albert H. Wig. gin, president of the Jewelers National Bank of North Attleboro, who lives in this city today made the following statement: "The sudden death of Cashier Sargeant naturally excited suspicion and caused an immediate investigation of the condition of the bank. This shows Sargeant exceeded his authority and without the knowledge of the directors made loans to local concerns- in which he was interested. The directors pending an examination of the books thought it best for the bank to remain closed temporarily."

2. December 20, 1907 The News-Democrat Providence, RI
Article from The News-Democrat, December 20, 1907

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GOT FATAL SHOCK WHILE DISCUSSING BANK FAILURE The trustees and the two bank exam- appointed Harry F. Currier receiver of the bank. iners were hard at work on the books of It was learned today that postoffice the Jewelers' National bank of North funds amounting to $1250 were on deposit at the bank. Should the institution prove Attleboro during the forenoon today, unable to satisfy the claims of the deceasing their labors only long enough to positors, the postmaster, Harry D. Hunt, attend the funeral of the late cashier. will be held liable personally by the govFrederick E. Sargeant which was held at ernment, as under the rules of the postoffice department. postmasters depositing 10:30 o'clock in his apartments over the department funds in banks do so at their bank. own risk. Bank Examiner Currier and the trusFears were expressed today that the tees and stockholders of the bank were stock of the bank would be wiped out and present at the services which were conthat each of the stockholders would be ducted by Rev. Ralph S. Conner, pastor assessed in proportion to the number of of the First Universalist church. Rev. shares held by him to meet the claims of Mr. Conner delivered a touching eulogy the depositors. of the late cashier, and many of those Several names are under consideration present were moved to tears. The preachfor receiver but as yet no definite aner said that every person in the town nouncement as to who will be selected has knew and loved Mr. Sargeant and that been made. his memory would always be revered even While discussing the affairs of the Jewthough there might have been happenelers National bank today, one of the deings that would throw a shadow over his positors, E. R. Harrington, a master life. The people of the town, he said, stone cutter, all of whose funds were on were a unit in showing their sympathy deposit with the suspended institution, to the members of Mr. Sargeant's famwas stricken with an apopletic shock. He ily in their time of trouble. was removed to his home, where physiMr. Sargeant's body was sent to Allcians said that he would not live until burndale for interment. night. President Wiggin and Bank Examiner Mr. Harrington died at I p. m. without Ewer left North Attleboro today. CURRIER MADE RECEIVER regaining consciousness. He leaves a widow and three children. The comptroller of the currency today

3. December 20, 1907 Evening Star Washington, DC
Article from Evening Star, December 20, 1907

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UNEASY ABOUT BANK. North Attleboro Business Men Need Cash for Pay Rolls. NORTH ATTLEBORO. Mass., December 20.-The declaration made last night by Albert H. Wiggin, president of the Jewelers' National Bank of this town, that the institution was insolvent. has caused much uneasiness among the business men of the place. as most of the manufacturing jewelers had their funds on deposit at the suspended bank. and will have difficulty in meeting pay roll requirements until other arrangements can be made. The town of North Attleboro has $30,000 tied up in the suspended institution. The Attleboro Savings Bank's offer to lend enough money to the town to help it out was accepted by the selectmen at a meeting last night. The town of Plainville also has all of its funds held up by the suspended bank, and unless the town treasurer can procure more money than he has on hand at present the school teachers and other town employes whose monthly pay is due today probably will have to walt until after Christmas.

4. December 20, 1907 The News-Democrat Providence, RI
Article from The News-Democrat, December 20, 1907

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BANK INSULVENT, WIGGIN STATES Jewelers' National of North Attleboro Must Go Into Hands of a Receiver-Affairs Hopelessly Tangled. Business Affected. The Jewelers National Bank of North that the dead cashier's "personal transactions" mentioned in President WigAttleboro is insolvent. gin's statement may reach many thouApplication for a receiver was made sands of dollars, and in this connection last night following reports by National it is pointed out that it must have been a heavy blow which could force so strong Bank Examiners Henry S. Currier and a bank into insolvency. Common report Albert Ewer after they had worked on places the shortage above $50,000. the books of the institution all day and An alleged loan by Mr. Sargeant of $30.assured themselves of the bank's insolv000 to one firm is 'among the rumors in ency "as the result of the personal transcirculation. actions of the late cashier," Frederick E. Mr. Sargeant lived well, though no betSargeant, who was found drowned in a ter than a man in his position would be bathtub in his apartments in the bank expected to live, and the supposition that building on Tuesday night. he used the money of the bank for perAnnouncement of the request for apsonal gratification is deemed untenable, pointment of R receiver was made in the unless through the stock market. following statement by the president of CHECKS COME BACK. the bank. Albert H. Wiggin, after a conThe return of checks drawn on the terence between the board of directors Jewelers National bank by its depositors And the two examiners last evening: in payment of accounts elsewhere began "The reports made today by Nayesterday. The Clearing Houses sent tional Bank Examiners Currier and back a. considerable number and a Boston Ewer as the result of their further innotary public appeared with a package vestigation into the affairs of the inof checks, upon which payment had been stitution convince them that as a rerefused. His mission was to get the sult of the personal transactions of maker to take up the check. Where the the late cashier the bank is insolvent: amounts were beneath $100 the request that the complications are many and was usually complied with, but in several far-reaching: and that in justice to all instances where the amount called for the only proper course is to ask that was larger it was impossible. application be made to the comptrolA large part of the manufacturing jew. ler of the currency for the appointelers did business with the bank and ment of a receiver." many of them are feeling the pinch rePresident Wiggin refused to add any. sulting from the lack of ready money. G. thing to his statement in the way of exK. Webster & Co., J. Sommer & Co. and planation and the other directors also E. I. Richards & Co. were unable to pay refused to talk regarding the situation. off their hands Wednesday because they It was learned, however, that the opedid not realize the condition of affairs rations of the cashier were conducted early enough to get money from other through several other banks and that the sources. The firm of W. H. Bell & Co. work of unravelling the tangle was thereprocured funds in this city with which to fore made very difficult for the examinmake up its pay roll. ers and the directors. The situation is made especially hard Mr. Wiggin refused to affirm or deny for the jewelers, as it is the end of their R report that a few days ago he receivyear, and they cannot expect to have ed from Cashier Sargeant a statement in much money coming in until concerns to the way of a confession of his operations. One of the bank officials when asked for which they have delivered goods for the holiday trade begin to make payment the information on this point shook his head first of January. and replied "Very bad. very bad." A Providence bank has offered to supAS TO THE SUICIDE STORY. ply the Attleboro jewelers who are hit by The following statement regarding the the suspension of the Jewelers National death of Cashier Sargeant was given out bank with sufficient funds to tide them last night by the family physician, Dr. over. It is also said that a Boston instiWillis L. Hale: tution is willing to loan the Jewelers Na"As a statement has appeared in some tional bank $20.000 on good security. out-of-town papers that Frederick E. The town of North Attleboro has $30,000 Sargeant committed suicide it seems tied up in the bank and the Attleboro proper at this time that I, as his family Savings bank of North Attleboro has ofphysician, as well as the one who probafered to lend sufficient money to the bly knows more details regarding this town to help it out while the affairs of sad affair than any one else, should state the Jewelers National bank are straightthat I have not seen anything which is ened out, which offer was accepted by proof in my mind that my friend, Mr. the selectmen, as yesterday was pay day Sargeant, died of other than accidental for the town's employes. Yesterday $3700 drowning." was borrowed at 6 per cent. It is current talk in North Attleboro

5. December 21, 1907 New-York Tribune New York, NY
Article from New-York Tribune, December 21, 1907

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TOWN FEELS BANK CLOSE. North Attleboro's Business Crippled -Receiver Named--Depositor Dies. North Attleboro, Mass., Dec. 20.-The declaration made last night by Albert H. Wiggin, president of the Jewellers' National Bank of this town, that the institution was insolvent has caused much uneasiness among the business interests of the place, as most of the manufacturing jewellers had their funds on deposit at the suspended bank. The outlook is serious, as there are payrolls to be met, while most of the firms will not receive any revenue from their products until after January 1. Three firms did not pay off their hands on Wednesday as usual, but it was explained that they did not understand the condition of affairs at the bank in time to get the necessary money from same other source. The firm of W. H. Ball & Co., of Attleboro Falls, secured sufficient funds for its payroll needs in Providence yesterday, and one of the firm was informed that the Providence banks stood ready to furnish the jewellers of North Attleboro and Attleboro Falls with enough money to tide them over the crisis. The town of Plainville has all of its funds held up by the suspended bank. and unless the Town Treasurer can procure more money than he has on hand at present the school teachers and other town employes, whose monthly pay is due to-day, will probably have to wait until after Christmas. President Wiggin returned to New York at 10 o'clock to-day, and Bank Examiner Ewer also left town. Work on the bank's books was continued to-day, but those concerned ceased their labors long enough to attend the funeral of Frederick E. Sargeant, the late cashier, which was held in his apartments in the bank building at 10:30 o'clock. Bank Examiner Currier and the trustees and stockholders of the bank were present at the services, While discussing the affairs of the bank to-day, one of the depositors, E. R. Harrington, a master stonecutter, all of whose funds were on deposit in the institution, was stricken with apoplexy and died a few hours later. News of the appointment of Harry F. Currier, bank examiner, receiver, by the Controller at Washingtor, was received here this afternoon. Following the announcement of the insolvency of the bank and the appointment of the receiver, the Mason Box Company, of North Attlebero, closed its factory to-day for an indefinite period. The principal owner of the factory, Charles O. Mason, is also a director in the Jewellers' Bank, and the company is said to have carried a large deposit in that institution. About two hundred hands are out of employment. It was learned to-night that Mr. Sargeant sold his stock in the institution several weeks ago. Mr. Sargeant owned 191 shares of the bank's stock, and next to the president, A. H. Wiggin, of New York, was the largest individual shareholder. Mr. Wiggin has 212 shares. While no official statement of the extent of the loss to the bank by the operations of the cashier has been made, a prominent banking man said tonight that the amount would be surprisingly large. One of the bank directors, although declining to give any figures of the probable loss, said to-night, . "The only thing left is the furniture."

6. December 21, 1907 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, December 21, 1907

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ONLY $1,000 IN VAULTS Of Wrecked Jeweler's Bank at No. Attleboro WHEN OPENED TO - DAY Plans Are Now Under Way to Start a New Bank, as It Is Believed That the Jewelers' Can Never Recover. North Attleboro, Mass., Dec. 21.-How completely the Jewelers' National bank was wrecked was revealed to-day when the vaults were discovered to contain only $1,000 in cash. It has just been discovered that Cashier Sargent was mysteriously missing from the bank between the hours of as and 5 on Tuesday afternoon, just before he drowned himself. Plans are now on foot here to establish a new national bank, for it is believed that the Jewelers' bank will never recover from the loss caused by Sargent's manipulations. Bank Examiner Currier was yesterday appointed receiver of the bank. He said last night that any further statement of the affairs of the institution would have to come from the comptroller of tne currency, as matters were under his direction. E. R. Harriman, who had all of his savings deposited in the Jewelers' bank, died yesterday as the result of a shock sustained while discussing its tangled affairs. He was stricken with apoplexy early in the day, and died at o'clock without regaining consciousness. He leaves a widow and three children. Following the announcement of the insolvency of the bank and the appointment of Harry F. Currier of Malden as receiver, the Mason Box company of North Attleboro closed its factory. The t principal owner of the factory, Charles 0. Masen, is also a director in the Jeweiers' bank. About 200 hands are temporarily out of employment. it was learned last night that Cashier Sargent, whose operations are charged to have caused the bank's suspension, sold his stock in the institution several weeks ago. Mr. Sargent owned 101 shares of the bank's stook. and, next to the president, Albert H. Wiggin, was o the largest individual shareholder. Mr. Wiggin has 212 shares.

7. December 21, 1907 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, December 21, 1907

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MUCH UNEASINESS Caused by the Insolvency of Attleboro Bank. Jewelers Can't Get Money For Payrolls---Towns Ditto. Providence Banks Will Help Them Out During Crisis. North Attleboro, Mass., Dec. 20.-The declaration made last night by Albert H. Wiggins, president of the Jewelers, National Bank of this town, that the institution was insolvent, has caused much uneasiness among the business interests of the place, as most of the manufacturing jewlers had heir funds on deposit at the suspended bank. The outlook is serious, as there are payrolls to be met, while on the first of the year many bills fall due. Three firms did not pay off their hands on Wednesday, as usual, but it was explained that they did not understand the condition of affairs at the bank in time to get the necessary money from some other source. The firm of W. H. Ball & Co. of Attleboro Falls, whose funds were on deposit at the Jewelers' National Bank, secured sufficient funds for their payroll needs in Providence yesterday. and one of the members of the firm was informed that the Providence banks stood ready to furnish the jewelers of North Attleboro and Attleboro Falls with sufficient money to tide them over the crisis. The town, of North Attleboro has $30,000 tied up in the suspended institution. On Wednesday the Attleboro Savings Bank offered to lend enough money to the town to help it out while the bank's affairs were being straightened out. Yesterday was payday for the town's employes, and the selectmen at a meeting last night voted to take advantage of the offer. and as a preliminary step, $3700 was borrowed at six per cent. The town of Plainsville has ail its funds, $3600. held up by the suspension and unless the town treasurer, Walter E. Barden, can procure more money than he has on hand at the present time, the school teachers and other town employes whose monthly pay is due today, will probably have to get along as best as they can until after Christmas. The amount of pay due is $550, while the town has on hand only $275. There are eight school teachers, and the amount of money on hand will pay only six of them.

8. December 22, 1907 New-York Tribune New York, NY
Article from New-York Tribune, December 22, 1907

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WIGGINS UPHELD. MR. Directors of Jewellers' Bank Issue Statement. North Attleboro, Mass., Dec. 21.-Although no official statement concerning the extent of the difficulties of the Jewellers' National Bank of this town was forthcoming to-day, it was generally understood that the institution is much more deeply involved than was supposed at first. It was estimated last night that the shortage in the bank's accounts would not fall far short of $250,000, and this estimate was not lessened to-day. Practically all of the manufacturers and merchants of North Attleboro and Attleboro Falls are affected by the suspension of the bank. It was feared that some of the jewelry factories might be forced to suspend operations on account of not having any money with which to pay the employes, but through the assistance of banks in Providence and Pawtucket the manufacturers were able to meet all payroll demands. The secret societies and fraternal organizations generally have been badly crippled financially through the bank's suspension. Among the societies particularly hard hit is Mirimichi Tribe, the local lodge of Red Men, which had made plans for the erection of its own building, shares to the value of $15,000 having been sold to members, and the greater part of the money collected was deposited at the Jewellers' National Bank. The movements of Cashier Frederick E. Sargeant last Tuesday, the day of his death, were being traced to-day. When the vault was opened on Wednesday morning only about $1.000 in cash was found. Receiver Currier was still at work on the books of the bank to-day. and it was doubtful when this part of his labors would be completed. Plans are already being formulated by business men of this town and Attleboro Falls looking to the establishment of a new bank. Under the law regulating the liability of national banks, the stockholders may be assessed twice the amount of their stock. If this liability law is enforced it will work great hardship to some of the stockholders. Much of the stock is held in small parcels of one and two shares each, and among the stockholders are persons in most moderate circumstances. Charles O. Mason, of the Mason Box Company, of Attleboro, Mass., issued a statement to-day denying that the closing of their factory was in any way due to the suspension of the Jewellers' National Bank. The following statement was issued by the four directors of the bank at 3 p. m. to-day: It has come to the knowledge of the undersigned directors of the Jewellers' National Bank, of North Attleboro, that certain vicious rumors are being circulated throughout the Attleboros and Plainviile that President A. H. Wiggins, of New York, was cognizant of the condition of the affairs in the bank. and of the late cashier's transactions prior to the deplorable tragedy of Tueseday last. The story is absolutely false in every particular and cannot be too emphatically denied. JOSEPH L. SWEET. GEORGE K. WEBSTER, CHARLES O. MANSON, FRED E. STURDY. -

9. December 23, 1907 The News-Democrat Providence, RI
Article from The News-Democrat, December 23, 1907

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DEPOSITORS OF JEWELERS' BANK FEAR LONG WAIT The belief that It will be a long time before the depositors of the Jewelers' National bank of North Attleboro will realize on their money is growing constantly, each new development seeming to strengthen the belief. The fact that the receiver of the bank was appointed at a salary of $5000 a year is regarded as an indication, in many quarters, that depositors in the bank are in for a long siege. Yesterday a report was current in the town that one of the national bank examiners, having asked an employe of the bank when he expected to get his money, and being answered, "When the affairs of the bank are wound up." replied "If you wait until then you will be a good deal older than you are now." MANY EMBARRASSED. Many persons and corporations are embarrassed as a result of the unexpected failure of the bank. The North Attleboro lodge of Elks is reported to have $800 of its treasury funds in the bank. Bristol lodge of Masons is in a similar dilemma, according to wellauthenticated rumors. Rev. Ralph E. Conner, pastor of the Universalist church, said yesterday morning that the parish funds were tied up in the Union Trust company and the church funds in the Jewelers' National bank. Fr. John W. McCarthy of St. Mary's church informed his parishioners at the morning service yesterday that there was but $250 of the funds of that church in the bank. Dr. L. W. Harris of Attleboro Falls, who sold out his practice a few months ago and went to Philadelphia for a postgraduate course at the medical college in that city, had the proceeds of the sale of his practice deposited in the bank. The funds of Dr. Edward S. Ward, who has been sick for some time and is an inmate of the Saranac sanatorium are all tied up in the bank. INSURANCE FUNDS GONE? A report was current yesterday that the Roger Williams Fire and Marine Insurance company of this state had $100,000 on account at the bank, but that the books of the bank show only $4000 to their credit. It was also said that this same company had $75,000 in certificates of deposit of which the bank's books contain no record. A director of the insurance company. Clinton D. Gamwell, said yesterday that the reports are greatly exaggerated. "The company has no such amount in the North Attleboro bank," he said. "It has some money there, but I do not feel authorized to state the amount at this time. The directors of the company will hold a meeting Monday evening at our office, room 305, Industrial Trust building. and it is probable that at that time a statement to the public will be authorized." Asked which of the two amounts, $100,000 or $4000, most nearly represented the company's deposits, Mr. Gamwell intimated that the last was the most reasonable. The Roger Williams Fire and Marine Insurance company was chartered at the last session of the general assembly. with a capital of $100,000. It has a surplus of about $50,000. When examined last spring 4ay the insurance commissioner's office it had a large amount on deposit in the Jewelers' National bank. An early Investment of these funds was contemplated. however, and 4t. is thought that this course was taken. The late cashier of the bank. Mr. Sargeant. was one of the prime movers in the forming of the Roger Williams company last year. although his stock holdings are

10. December 27, 1907 New-York Tribune New York, NY
Article from New-York Tribune, December 27, 1907

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NO OPPOSITION BY RELATIVES. Father-in-Law of Late Cashier of Jewellers' Bank Issues Statement. North Attleboro, Mass.. Dec. 28. -The petition of National Bank Examiner Currier. in the United States Court at Providence, asking that the reistives of the late Frederick E. Sargeant, cashier of the suspended Jewellers' National Bank. of this town. be enjoined from removing from safe deposit boxes moneys alleged to have been placed there by Mr. Sargeant, will not be opposed by the relatives of the late cashier. Edward E. Morgan. father-in. law of Mr. Sargeant, who has applied for papers of administration. issued a statement, in which he said: My attention has been called to the petition which Bank Examiner Currier has presented to the fedoral court in Providence. I will not oppose the issuing of the order by the court and will not be present at the hearing. My only wish is to aid the receiver in a speedy settlement of this sad affair, As and I will do all in my power to assist him. far as I know, the only safe deposit vault in Rhode Island in which Mr. Bargeant had anything is in the Slater Trust Company. Pawtucket. I had ale ready called this fact to the attention of the m colver, and I am perfectly willing to have it opened in the presence of the receiver or his the

11. December 27, 1907 The News-Democrat Providence, RI
Article from The News-Democrat, December 27, 1907

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BURGLARS ROB RESIDENCE OF W. H. RILEY, JEWELER dow. They went first to the dinini North Attleboro, Mass., Dec. 27.room, where they looted the sideboard. Burglars visited the residence of William carrying away every piece of solid silver. H. Riley, a manufacturing jeweler, some Mr. Riley's chamber was then visited. time during the night and carried off all The pockets of Mr. Riley's trousers were rified, the thieves securing from that garthe silverware and all the money that ment a considerable sum of money. could be found in the house. Neither Even Mr. Riley's keys were taken by the Mr. Riley nor his wife were awakened by thieves. the intruders, and their loss was not disMr. Riley is one of the directors and covered until they arose this morning. heaviest stockholders in the suspended The thieves made their entrance into Jewelers National bank. the house by prying open a library win-

12. December 27, 1907 The Big Sandy News Louisa, KY
Article from The Big Sandy News, December 27, 1907

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The schooner David Currier, laden with stone, sunk near Westbrook, Conn. The crew was landed Say brook Point. Robert Mitchell, member of the state board of agriculture and a leading farmer of Indiana, died at Prince ton, Ind. An explosion of gas in the Darr mine of the Pittsburg Coal company at Jacobs Creek, Pa., entombed between 200 and 250 miners, and there was scarcely a ray of hope that a single one of them would be taken from the mines alive. Many men escaped death because they were observing a festival of the Greek church. A terrifie explosion occurred in Palermo in the military powder magazine, where a large quantity of dynamite was stored. and was followed by a number of lesser explosions, the whole town being badly shaken and the people thrown into a panic, About 25 persons were killed and many injured. Thinking it unloaded. John Meyer, a farmer boy, living at Holy Cross, Ia, pointed a shotgun at his 16-yearold sister and pulled the trigger. blow. ing her head from her shoulders. Col. James B. McGonigal, who was a conductor on the first train operated on the Panhandle railroad in 1850, died in Kansas City, aged 74. The late King Osear of Sweden was buried at Stockholm with imposing ceremony. The Republican county committee of New York county, by - almost unanimous vote, refused to consider at this time a resolution indersing Gov. Charles . Hughes for the Republican presidential nomination. C. Hauge, the Norwegian minister to the United States, died while on a snowshoelag trip near Christiania. Henry Dibblee. one of the most prominent real estate men in Chicago, died of heart disease, aged 67 years. The first bill passed by the Philippine assembly appropriated $1,000,000 for schools. Burglars in Springfield, III., broke the window of the jewelry store of John C. Pierik and made their escape with $10,000 worth of diamonds. The Glenville Banking & Trust company, a small concern in the suburbs of Cleveland, O., made an as signment in the insolvency court. Engineer Frank Krag, 50 years old, of Buffalo, N. Y., thought III and faint, stayed at his throttle till he had brought his fast Lake Shore train safely into Collinwood, O. Then he stepped from his cab, and in a few minutes was dead. Olive Bartlett, daughter of J. J. Bartlett, a retired farmer, was shot and killed at her home in Olathe, Kan., by J. Frederick Kastendiek, a former sweetheart, who then killed himself. Howard West, alias Frank Earl, was electrocuted in the annex at the Ohio penitentiary at Columbus for the murder of William Legg, a butcher of Sid. ney, O. An attempt to rob a car on the Buf falo express in Philadelphia was frus. trated and William A. Hewett, said to have been caught beneath the car which contained $60,000 in gold bullion, placed under arrest. Capt. D. L. Keller, alias D. L. Smith, a United States officer of Reno, Nev., was arrested at Kamloops, B. C., charged with having stolen a bank check from Fort Sheridan, III., and filling It in for $92,500. Foreigners attacked Constable James Dolan at Lebanon, Pa., when he attempted to arrest coal thieves and the constable shot into the crowd, killing two Hungarians. The coal mines of the United States are killing three times as many men per 1,000 employes as those of most European countries. In the last 17 years 22,840 men have given up their lives in the mines of this country. These and other shocking facts are set forth in a report of an investigation by experts ordered by Secretary Garfield. The supreme court of Illinois handed down an opinion declaring the anticigarette law passed by the legislature this year dees not apply to eigarettes which contain pure tobacco, but only to those sigarettes which contain substances deleterious to health. The Diamond Jo line of Mississippi river steamers has been sold to a syndicate of men who will improve the present fleet of passenger and freight boats and increase its earrying eapacity very materially. Henry F. Currier, national bank examiner, took charge of the Jewelers' National bank at North Attleboro, Mass., whose vice president and cashier, Frederlek E. Sargeant, was found dead in a bathtub. Smallpox broke out in Chadbourne hall, a dormitory for women students at the University of Wisconsin, and 100 young women who live in the dormitory were ordered vaccinated and to leave for their homes. An attempt was made to hold up the west-bound Northern Pacific train 11

13. January 9, 1908 The News-Democrat Providence, RI
Article from The News-Democrat, January 9, 1908

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NORTH ATTLEBORO BANK TO REOPEN North Attleboro, Mass., Jan. 9.-The board of directors of the Jewelers' National bank held a conference with Receiver Charles C. Báncroft today and with Lewis Reeves, accountant, regarding the re-opening of the bank. It wasTater announced that matters appeared most satisfactory and that the bank might be expected to re-open later on a basis agreeable to all. The idea of a new bank had been abandoned, it was added. The receiver's statement is expected within a few days.

14. January 9, 1908 The Spanish Fork Press Spanish Fork, UT
Article from The Spanish Fork Press, January 9, 1908

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FINANCIAL Jan. 21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. 8-F. D. Gilman, Indiana banker. sentenced to term of one to three years in state prison. -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street: Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. M-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private Institutions, closed doors. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities: call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks. Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. M-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. I., suspended. Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. $0-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling Interest in Tennessee Coal & Iron Co. -Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal. and Farmers' & Merchants' bank of Bapulpa, I.T., suspended. as Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 17-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. -National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. Fort Pitt National bank of Pittsburg, closed. l7-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.

15. January 10, 1908 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, January 10, 1908

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CONDENSED DISPATCHES. All trolley car traffic in the Boston subway was blocked for an hour and a half during the rush hours Thursday night by a car becoming disabled. The gear case of the car broke and threw it from the ralls, smashing several windows. The conductor was slightly cut by glass, but the passengers were not hurt. Michael H. Norton, was brought before Judge Williams in the Roxbury, Mass., district court Thursday on the charge of murdering Mary McCarty at the doorway of her home at 27 Shirley street Thursday. Norton was held without bail for a continuance of the hearing Jan. 16. William B. Nevin, 14 years of age, who until two years ago was a member of the New York Stock Exchange, committed suicide Thursday by leaping in front of a subway train. His wife said he suffered heavy financial losses during the last five months and that he had been in a serious condition of health for sometime. After his retirement from Wall Street Mr. Nevin went to the Canadian Northwest to take up real estate ventures. He returned to New York a few months ago. The board of directors of the Jewellers' National Bank of North Attleboro, Mass., held a conference Thursday with Receiver Charles G. Bancroft and with Lewis Reeves, accountant, regarding the re-opening of the bank. It was later announced that matters appeared most satisfactory and that the bank might be expected to be re-opened later on a basis agreeable to all. The idea of a new bank had been abandoned. it was added. The receiver's statement is expected within a few davs. A New York undertaking establishment received an answer Thursday night to a telegram sent by it to Earl Grey, governor general of Canada which. it is said, instructed the company to inter at its discretion the body of H. Gray Duberly, who killed himself several days ago at the Hotel Hermitage. The letter intimated that Earl Gray would defray the expenses of the funeral. Duberly was a distant relative of the governor general. The burial will be in Mount Kensico, New York, Friday.

16. January 15, 1908 New-York Tribune New York, NY
Article from New-York Tribune, January 15, 1908

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BANK FUNDS HYPOTRECATED. North Attleboro, Mass., Jan. 14.-The fact that Frederick E. Sargeant, the late cashier of the Jewelers' National Bank, of North Attlebore, which is now in the hands of a receiver, had been hypothecating the funds of the bank became definitely known to-day when the surety company which furnished his bonds paid over to the receiver of the bank the sum of $20,000, the full amount of the bond. The payment of the bond will aid greatly in paying the depositors of the bank, and it is now hoped that all depositors will be paid in full. The payment of $75,000 by the Roger Williams Insurance Company a week or two ago and the payment of the cashier's bond have swelled the visible assets by $95,000. The examination of the bank's affairs has brought out the fact that Cashier Sargeant had received deposits from a number of persons, but had diverted the money to his own uses, and had made no entry of the deposits on the books of the bank. An investigation of the cashier's personal affairs has shown that he had accounts with several Boston brokerage houses, and it is believed that he lost heavily in speculations.

17. January 15, 1908 The Marion Daily Mirror Marion, OH
Article from The Marion Daily Mirror, January 15, 1908

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Speculated With Other People's Cash. North Attleboro, Mass., Jan. 15.The fact that Frederick E. Sargeant. late cashier of the Jewelers' National bank of North Attleboro, which is now in the hands of a receiver, had been hypothecating the funds of the bank, became definitely known Tuesday when the surety company which furnished the bonds paid $20,000 to the receiver of the bank, the full amount of the bond. The examination of'the cashier's affairs has shown that he had accounts with several Boston brokerage houses and it is believed that he lost heavily in speculation.

18. January 15, 1908 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, January 15, 1908

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MOVEMENTS OF OCEAN STEAMSHIPS Balled. Arrived. Port. Carmenia. NEW YORK Canada. LIVERPOOL K. P. Wilheim Pres. Lincoln PLYMOUTH PHILADELPHIA. Haverford. Dedric. GIBRALTER F. der Grosse. GIBRALTER Romanic NAPLES Louisiana. COPENHAGEN K A Victoria New York GLASGOW Columbia. TRIESTE Monmouth ST. JOHNS Buelow. BREMEN Jonian DEAD BANKER A SPECULATOR F. E. Sargent, Cashier of North Attlebere Concern, Had Accounts with Several Brokers. NORTH ATTLEBORO, Mass., Jan 14.The fact that Frederick E. Sargent, the late cashier of the Jewelers National bank of North Attleboro, which is now in the hands of 8. receiver. had been hypothecating the funds of the bank became definitely known today when the surety company which furnished has bonds paid over to the receiver of the bank the sum of $20,000. the full amount of the bond. The payment of the bond will aid greatly in paying the depositors of the bank. and it is now hoped that all depositors will be paid in full. The payment of $76,000 by the Roger Williams Insurance company a week or two ago and the payment of the cashier's bond have swelled the visible assets by $95,000. The examination of the cashier's personal affairs has shown that he had accounts with several Boston brokerage houses. and it is believed that he lost heavily in speculations.

19. January 15, 1908 The Bennington Evening Banner Bennington, VT
Article from The Bennington Evening Banner, January 15, 1908

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Sargeant Used Bank's Money. NORTH ATTLEBORO, Mass., Jan. 15.-The fact that Frederick E. Sargeant, the late cashier of the Jewelers' National bank of North Attleboro, which is now in the hands of a receiver, had been hypothecating the funds of the bank became definitely known when the surety company which furnished his bonds paid over to the receiver of the bank the sum of $20,000, the full amount of the bond.

20. January 26, 1908 New-York Tribune New York, NY
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of old stock surrendered, and that the cash now on deposit amounts to $3,974,877. Portland, Me., Jan. 25.-M. E. Sprague, of Drew Plantation. the lumberman who assigned in November, on the same day of the assignment of James A. Wood, of Boston, who also filed a petition in bankruptcy at Boston yesterday, filed a petition of voluntary bankruptcy in the United States District Court to-day. fixing his liabilities at $658,946. Miscellaneous claims aggregate $395,092. secured claims $72,500, wages $4,200. and notes indorsed $189,393. The assets are given as $560,133. Boston. Jan. 25.-With liabilities amounting to $486,487. Bernard Davis, a real estate contractor of this city, filed a petition in bankruptcy in the United States District Court to-day. The assets are scheduled as "doubtful." The unsecured claims amount to $12,487. Chicago, Jan. 25.-Petitions in bankruptcy were filed yesterday against the Cream City Park Amusement Company, of Lyons, III., by creditors of the concern. It is said the liabilities of the company are $160,000 and assets $85,000. Reading, Penn. Jan. 23.-Nearly one thousand employes of the Reading Hardware Company have been ordered on a working schedule of fifty hours a week. They have been working only thirty-nine hours. The outlook in the hardware trade is brighter. North Attleboro, Mass., Jan. 5.-The Jewellers' National Bank of North Attleboro, now in the hands of a receiver, will be liquidated and a new bank formed, according to a statement made tonight by one closely identified with the affairs of the institution. According to the same information there will be an assessment of 100 per cent on each of the stockholders, and the depositors will be paid in full. The assessment on the stockholders will realize $80,300. Pottsville, Penn., Jan. 25.-Several open hearth furnaces have been lighted up for it more general resumption of work on Monday at the plant of the Eastern Steel Company at this place. Two of the three rolling mills will also start on Monday, while the third will resume on Tuesday, giving employment to about one thousand hands. The plant has been partially closed for several weeks.

21. February 2, 1908 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, February 2, 1908

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Assessment of Stockholders. North Attleboro, Mass., February 1.By order of Comptroller of the Currency William B. Ridgely the stockholders of the suspended Jewelers' National bank of North Attleboro will be assessed 100 per cent par value of their holdings of the stock of the bank. The institution was capitalized for $100,000 and this sum will be realized by the assessment and will be used to pay the depositors.

22. February 11, 1908 Evening Bulletin Honolulu, HI
Article from Evening Bulletin, February 11, 1908

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TELEGRAPH BREVITIES It is announced that the ant Nichols Pickard, arrested at Moncite coal interests are considering roe, Tex., and taken to Iowa for the murder of Williams Leets twentymaintenance of present prices ins of making a cut of 50 cents a nine years ago, has been found to be not the man wanted. He has started April 1. for home with $100 and a ticket furThe position of superintenden the Carnegie institution's soutl nished him by a son of the murdered man. observatory has been offered to tronomer R. H. Tucker of the I The first report of the receiver of Observatory. the Jewelers' National Bank of North Luther Burbank has made an Attleboro, Mass., shows the liabilities tack upon the report made by of the bank on the books as $799,Department of Agriculture upon 721. The assets at suspension were use of cacti for food. $912,822, of which the receiver esA war between Prof. Jacques I timates $624,344 as good. and English biologists over the Officers have been sent from Mameability of cells by salts and rion, III., to the mining town of Bush and water is in progress. to quell any disturbance that may King Alfonso of Spain was ne follow an outbreak of Italians against killed recently by a boar which Americans. A dispute between an thought had been killed. Italian miner and a mine superinLiquor men of Minnesota me tendent started the trouble. Minneapolis and formed plans to For the first time in twenty-five the tide of legislation against sale years a woman has been convicted of The German-American Alliance o arson in New York. Mrs. Aggie AckPaul has started a campaign to cities and towns larger control erly was found guilty of setting fire the liquor traffic. to an apartment building in a teneIt is announced in New York ment district in Brooklyn. W. D. Haywood, who was acqu It was announced at an alumni on the charge of murdering ex banquet in New York that $50,000, Steunenberg of Idaho, will be needed to obtain the gift of $50,000 candidate of the socialists for 1 by Andrew Carnegie, for the Illinois dent. College at Jacksonville, III., had been Spain has decided to stand by raised. el-Aziz as the recognized sovereis William J. Bryan and Judson HarMorocco, regarding Mulai Hafid pretender. mon were given an enthusiastic reception in Birmingham, Ala. Mr. It is announced in New York Harmon was introduced as "the next the Vaudeville Comedy club and "White Rats." both organiza vice president." composed of vaudeville perform District Judge George M. Bourquin will unite to oppose the threat at Butte, Mont., has approved a loan cut in salarfes. of $200,000 by Edward Creighton Replying to President's Roose Largey to the State Savings Bank, a criticism of his beef-trust deci suspended "Heinze institution, to reJudge Humphrey said: "There sume business. many citizens whose action is that they at least allow us to be Heirs of Louis Peralta are again that they expect the judicial de trying to get title to the sites of the ment of the government to be I'll cities of Oakland, Berkeley, Alameda accordance with public sentimer and thousands of acres of rich CallThe Western Stock Show As fornia land under alleged treaty tion is considering plans for a rights. ium and sheds for quartering an It'is said that a bill will be introat Denver, the whole to cost $30 duced in Congress soon providing that 185 editorial rooms-256 the government shall furnish rifles to ness office. These are the nev school boys who wish to learn to shoot. ephone numbers of the Bulletin .