7880. F. A. Hawley & Co. (Boston, MA)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: May 15, 1884
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: 6c4b8546

Response Measures

Full suspension

Description

Multiple dispatches (dated May 15, 1884) report a heavy run on deposits tied to speculative losses and margin defaults; the firm suspended, an assignee/receiver was appointed and resumption was declared impossible -> suspension led to permanent closure/receivership.

Events (3)

1. May 15, 1884 Receivership

Newspaper Excerpt: H. R. Wandell (Mandell) has been appointed assignee of all the property, accounts and business of F. A. Hawley & Co., without preferences. Mr. Hawley ... resumption is impossible.
Source: newspapers

2. May 15, 1884 Run

Cause: Bank Specific Adverse Info
Cause Details: Customers defaulted on margins and the firm had heavy speculative losses (Villard, Northern Pacific, Mexican Central, Union Pacific, etc.), producing a heavy run on the banking/deposit department.
Newspaper Excerpt: this, with a heavy run on deposits, led to the failure
Source: newspapers

3. May 15, 1884 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspension due to inability to ascertain where they stood after heavy losses and deposit withdrawals; firm acknowledged failure and said resumption impossible.
Newspaper Excerpt: F. A. Hawley & Co., bankers and brokers, have suspended. They cannot give a statement of their liabilities
Source: newspapers

Newspaper Articles (14)

1. May 16, 1884 Savannah Morning News Savannah, GA

Article from Savannah Morning News, May 16, 1884

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At the opening of the Produce Exchange prices fell off and wild rumors of failures were started. Subsequently the market regained what it had lost only to decline, however, on the announcement of further failures in Wall street. The closing was slightly lower than on Wednesday. There was talk at the Exchange of abolishing calls, as has already been done in Chicago. It was the general opinion that this would be done Immediately. THE COTTOCE EXCHANGE. At the Cotton Exchange the market opened firmer, prices being firmer than at Wednesday's close. There was little business done. When the news of thefailure of Fisk & Hatch reached the Exchange the market broke somewhat at the close, May had tallen off 12 points and June 4 points. Some of the others had fallen off one point and others none at all. There were no failures afeither exchange. BOSTON'S BREAKS. NEW YORK, May 15, 11:30 A. M.-A patch from Boston reports the supension of F.A. Hawley & Co., a firm which, although not heavy dealers, were regarded as of good standing. Messrs. Hotchkiss & Burnham are engaged in the work of balancing their accounts and expect to be able to resume business to-morrow morning. BOSTON, May 15, 2 PC M.-Hill, Stanwood & Co., brokers, and Boston correspondents of Goff, Randall & Co., of New York, have suspended. Their liabilities will probably not reach $10,000. The failure is not considered of any significance. It is now said that the deposit account of F. A. Hawley & Co., at the time of their suspension, amounted to $250,000, and that their total liabilities are $500,000- There are rumors that the firm has been speculating, but nothing authentic is yet known. HAWLEY & CO'S FAILURE. BOSTON, May 15, 11 P. M.-H. A. Mandell has been appointed assignee of all the property, accounts and business of F.A Hawley & Co., without preferences. Mr. Hawley, in an interview this afternoon, acknowledged that his failure is a very bad one in that almost everything is gone, and that resumption is impossible. He says that his affairs are somewhat mixed, and it will require several days before any statement of a definite character can be obtained. His liabilities, he believes, will not exceed $150,000. BRADFORD'S EXCITEMENT. BRADFORD, PA., May 15.-The Tuna Valley Bank did not open its doors this morning. It was the correspondent of the Metropolitan Bank of New York, and when the announcement was made of the suspension of that bank it was thought best to suspend temporarily. It is thought that the bank will resume in a few days. A promise has been made to the depositors that they will be paid in full. There was a run on other banks to-day, but all demands were met promptly and the excitement was over by noon. A QUINCY BANK CLOSES. CHICAGO, May 15. A Quincy, III., dispatch says: "The Union Bank of this city failed to open its doors this morning. When the Marine Bank of New York failed, the Union transferred its account to the Metropolitan, and the closing of that bank yesterday IS given as the cause for the suspension. BONDS NOT RUSHED IN FOR REDEMPTION. WASHINGTON, May 15.-Up to noon today but $10,000 of the $10,000,000 worth of bonds called by the Treasury on the 127th call had been presented for redemption. ENGLISH SPECULATORS NOT ALARMED. LONDON, May 15, 10 P. M.-An agent of the Associated Press called upon leading bankers having important American connections with a view to learning their opinions concerning the panic yesterday in Wall street. The feeling generally expressed was one of confidence that the panic should be considered merely a local occurrence. They were positive that it would occasion no failures in London, either inside or outside of the Stock Exchange. The general soundness of the financial situation here is evinced in the fact that there have not been rumors of large failures. The remarkable decline of American securities the last during few days has attracted a new class of investors into the market, who are stimulated also by the cheapness of money in England, Germany and France. One prominent banker said that it was amazing how little real stock was being sold here, but he said the bear sales were immense. The market shows a strong disposition to respond to anything favorable from America. The participation of bank officials in fraudulent schemes was censured. This one thing had done more than anything else to weaken public confidence. TRAVELERS IN ENGLAND ANXIOUS. LONDON, May 15, 7 P. M.-The failures in New York have caused great anxiety and excitement among the Americans residing here and having business connections or interests in the United States. The anxiety is particularly painful among travelers, and many of these have decided suddenly to terminate their trips and to return to America.

2. May 16, 1884 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, May 16, 1884

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Failures Boston. BOSTON, May 15.-F. A. Hawley & Co., who have been doing a banking and brokerage business, suspended this morning. They cannot give any statement of their liabilities, but they said that their suspension is due to a desire to ascertain just where they stood. They had been doing business as a bank of deposit, but the amount due depositors is not known. They expressed a hope of resuming business, but this was not considered probable. The house has been rated at about $100,000. A later despatch states that the deposit account of Hawley & Co., at the time of the suspension, amounted to $350,000, and their total liabilities were $500,000. There were rumors that the concern had been speculating, but nothing authentic is known. Hill & Stanwood, brokers, failed today for $10,000. The suspension is not regarded as signicant. H. R. Wandell has been appointed assignee of all the property, accounts and business of F. A. Hawley & Co., without preferences. Mr. Hawley, in an interview this afternoon, acknowledged that his failure is very bad one, in that almost everything is gone and that resumption is impossible. The affairs of the firm, he says, are somewhat mixed. It will require several days before any statement of a definite character can be obtained. His liabilities, he believes, will not exceed $150,000. It is learned from reliable outside sources that the firm has lost heavily in the Villard Oregons and Northern Pacific and have been dealing heavily in Mexican Central, Union Pacific and Aitchison. Yesterday some of their customers defaulted their margins, and this, with a heavy run on their deposits, led to the failure, which not only affects stock operators and speculators, but will reach many people of small means all over New England who have deposited with them. At a meeting of the creditors today the liabilities of Bancroft & Dyer, furniture dealers, were shown to be $49,000; assets, $39,000. An assignment has been made for the benefit of creditors. The feeling in financial circles here today is not very different from that of Wednesday. Considerable stock was thrown Oa the market, but that which had any real value was quickly taken up again. The two failures announced of F. A. Haw. ley & Co., and Miles, Stanwood & Co., affected Boston men very little and there was a general serenity in the banks and broker's offices and no one seemed to doubt that the banks would weather the storm unless it became much worse without inconvenience There was a little uneasiness here and there and there were hints of broker firms which were rather weak. The notable feature is the freedom of Boston concerns from any entanglement with the failing firms in New York. But Little Excitement at Concord, N. H. CONCORD, N. H., May 15.-The financial disturbances in New York caused but little excitement in this city. To day the intelligence that the worst had been experienced caused much relief to many private individuals who hold a considerable amount of stock especially that of the Union Pacific. One speculator lost $9000 by investment in these securities and others would lose heavily should they sell out at present. The only effect of the panic here thus far has been to cause circulation of an unfounded rumor that two business houses had suspended. No Trouble in Norwich, Conn. NORWICH, Conn., May 15.-No trouble whatever was caused here by to-day's developments in the New York banks. All are perfectly sound. No Apprehension of Trouble in Providence, R. 1. PROVIDENCE, R. I., May 15.-Financial condition of business in this city is sound and no apprehensions of trouble are felt. The suspended firm of Fisk & Hatch, was the agent of the Aquidnick National Bank of Newport, but it is stated that the balance on hand is very small. Some private citizens are known to be very heavy depositors. It is stated that one-tenth of the capital of the Metropolitan bank is held in Newport. The Situation in Philadelphia. PHILADELPHIA, May 15.-Business opened this morning on Third street with a decidedly better feeling. Philadelphia stocks all took an upward turn on the strength of the announcement that the Metropolitan Bank would resume at noon. Reading opened at 163, and is now 17½; Pennsylvania at 55, advancing to 551/4; Northern Pacific common, which closed last night at 19½, opened at 203/4, while the preferred opened at 47, and is now 481/4, an advance of 2½ since yesterday's closing. A Bradford, Pa, Bank Closes Its Doors. BRADFORD, Pa.,May 15.-The Tuna Valley Bank did not open its doors this morning. It was the correspondent of the Metropolitan Bank of New York, and the announcement was made that on account of the suspension of that bank it was thought best to suspend temporarily. A promise has been made to depositors that they will be paid i n full. Relief for the Monetary Stringency. WASHINGTON, May 15.-New York influences are at work here this morning to endeavor to induce the House to pass either the Dingley or the Miller bill. The Miller bill is practically the same as the Dingley bill, with the advantage that it is before the ways and means committee, and if that committee should be disposed to favorably act upon It it could be brought up before the House, under the authority to report at any time. The action of the wrys and means committee upon this bill, as well as the effort to take the Dingley bill from the calendar and pass it, is awaited with much interest. The Miller and Dingley Bills. At the meeting of the ways and means committee this morning, no quorum was present, and therefore no attempt was made CO agree upon the Miller bill. The members of the banking and currency committee decided that it would be useless to attempt to pass the Dingley bill today. There will be & meeting of the committee next Monday, to decide upon the best course to pursue to secure consideration of that measure, until which time nothing can be done. The Feeling in St. Louis, Mo. ST. LOUIS, May 15.-Considerable attention has been attracted to Donnell, & Simpson. The firm has intimate relations with and is correspondent of nearly a hundred banks in Missouri, sixty in Kansas, thirty or forty in Texas and has numer-

3. May 16, 1884 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, May 16, 1884

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AT THE HUB. MORE BROKEN BROKERS. BOSTON, May 15.-F. A. Hawley & Co., bankers and brokers, have suspended. They cannot give a statement of liabilities. They state their suspension is due to a failure to ascertain just where they stand. They have been doing business as a bank of deposit. The amount due depositors is unknown. They hope to resume, but it is not probable. The house is rated at $100,000, BOSTON, May 15.-Hill, Stanwood & Co., brokers, correspondents of Goff, Randall & Co., New York, have suspended; liabilities $10,000. The failure is of no significance. It is now stated the deposit account of Hawley & Co., is $250,000; total liabilities $500,000, There are rumors of the firm speculating. LATER. - H. P. Mandell has been appointed assignee of all the property, accounts and business of F. A. Hawley & Co. Hawley acknowledges HIS FAILURE IS A VERY BAD ONE, in that almost everything is gone and resumption impossible. Affairs, he seys, are somewhat mixed and will require several days before any) definite statemeut can be obtained. The liabilities he believes will not exceed $150,000. Yesterday some of their customers refused to make good their margins. This, with the heavy run on deposits, led to the failure, which not only affects stock operators and speculators, but will reach many people of small means all over New England.

4. May 16, 1884 Seattle Daily Post-Intelligencer Seattle, WA

Article from Seattle Daily Post-Intelligencer, May 16, 1884

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ing generally expressed was one of con fidence that the panis would be considered merely local, but they were in a position to occasion no failures in London, either inside or outside the Stock Exchange. The remarkable decline in American securities during the past few days, attracted a new class of investors into the market. who are stimulated also by the cheapness of money in England, Germany and France. A prominent banker said: "It is amusing how little real stock is being sold here. Bat," be said, "the bear sales are immense." The market shows a strong disposition to respond to anything fav rable from America. The largest business on the street. in a single day, for years. was done today. The purchase of American stock by small investors, is enormous. The market is firm. Advices from Frankfort and other financial cente 8. report great activity in purchasing American securities. GOVERNMENT ACTION. WASHINGTON. May 15.-Bank Examiner Schriba believes the crisis is past. The Secretary of the Treasury has telegraphed the Assistant Treasurer at New York as follows: From this day to June 1st you are authorized to pay the bonds embraced in the 125th, 126th and 127th calls, with accrued interest, subjeet to the decision of the department as to the regularity of the assignments, and the expressage to the department to be paid, as heretofore, by the party having the bonds redeemed." AT BOSTON. BOSTON, May 15.-F. A. Hawley & Co., bankers and brokers, have suspended. They cannot give a statement of their liabilities, but state that their suspension is due to a failure to ascertain just where they stand. The amount due depositors is unknown. They hope to resame. but this is net probable. The house rates at about $100,000. THE OIL MARKET. PITTSBURO,May15.-Petrolen opened firm at 83, and under the impression that the worst was over. good buying was inangurated, which sent prices up to 95, when the announcement of the failure of Fi-k & Hatch and A. W. Dino k caused 4 reaction. and a worse panic than that of yesterday ensued. Certificates were damped on the market in large bundles, and prices dropped to 761/ in a few moments amid the wildest excitement. The news of the panic spread rapidly, and large crowds flocked to the Exchange: but me intime the market had touched bottom, and prices rallied and closed at 77½. The shies of the day were enormous. HILL, STANWOOD & CO. BOSTON, May 15.-Hill, Stanwood & Co., brokers, correspondents of Goffe, Randle & Co., of New York, have sus. pended. The liabilities are $100,000. It is stated that the deposit accounts of Hawley & Co. are $250,000. Total liabilities, $500,000. AN UNFOUNDED REPORT. Kansas CITY, May 15.-There 18 no truth in the report of the suspension of the Bank of Kansas City. The bank ers of the city met this morning and agreed to pay 20 per cent cash to depositors and give certified checks for the balance. This agreement includes all except the Farmers' Bank, which prefers to pay dollar for dollar. The balance at the Clearing House will be announced at 1 p. m., when a plan of settiement will be agreed upon. It is thought the plan decided on in New York will be adopted here. FAILURE AT QUINCY. QUINCY, III., May 15.-The Union Bank of this city failed to open its doors this morning. When the Marine Bank of New York failed, the Union Bank transferred its account to the Metropolitan, and the closing of the doors of that bank yesterday is given RS the cause of the suspension. ACTION IN WASHINOTON. WASHINGTON, May 14.-Hundreds of telegrams from New York have been received by members of Congress today urging immediate legislation to relieve the financial strain. The majority were received by Representatives. Just before the adjournment of the House unanimous consent Was asked by Spring or to pass the Diagley bill, authorizing the Secretary of the Treasurv to invest

5. May 16, 1884 Seattle Daily Post-Intelligencer Seattle, WA

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BOSTON, May 15.-F. A. Hawley & Co., bankers and brokers, have suspended. They cannot give a statement of their liabilities, but state that their suspension is due to 8 failure to ascertain just where they stand. The amount due depositors is unknown. They hope to resame. but this is net probable. The house rates at about $100,000.

6. May 16, 1884 The Daily Cairo Bulletin Cairo, IL

Article from The Daily Cairo Bulletin, May 16, 1884

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Suspended at the Hub. BOSTON, May 15.-F. A. Hawley & Co., bankers and brokers, have suspended. They were regarded as a house of good standing and supposed to be doing a profitable business. Mills, Standard & Co., small brokers, have also suspended.

7. May 16, 1884 New-York Tribune New York, NY

Article from New-York Tribune, May 16, 1884

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FAILURES IN BOSTON. F. A. HAWLEY & CO. GO TO PIECES. BOSTON, May 15.-The stock market showed considerable firmness this morning, Atchison, Topeka and Santa Fe at the first board selling up to 74 and closidg at 734 Mexican Central 7s sold up to 44, against 40 yesterday. Dealings were not heavy and there was no apparent pressure to sell as there was yesterday afternoon. It was announced near the close of the first board that F. A. Hawley & Co. had failed. It is said that the deposit account of the firm at the time of suspension amounted to $250,000. H. R. Mandell has been appointed assignee of all the property, accounts and business without preferences. Mr. Hawley this afternoon acknowledged that his failure was a bad one, as almost everything was gone, and resumption was impossible. His Habilities, he believes, will not exceed $150,000. It is learned that the firm has lost heavily in the Villards, Oregon and Northern Pacifics, and has been dealing heavily in Mexican Central, Union Pacific, and Atchison, Topeka and Santa Fe. Yesterday some of the customers refused to make good their margins, and this with a heavy run on deposits led to the failure, which not only affects stock operators, and speculators, but will reach many people of small means all over New-England, who have deposits with the firm. Hill, Stanwood & Co., bankers, and Boston correspondents of Goffe, Randle &C,, of New-York, have suspended. Their liabilities will probably not reach $10,000.

8. May 16, 1884 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, May 16, 1884

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call here rendering such Brown franson highly profitable. stery actions reduced the rates on Iii Brothers g bills to 487 long 489 short B a decline of 1 cent. the first hour of business only this In failure was announced, and firms one not involved any other resConfidence has is being gradually few and among financiers to tored faces are met. It seems worst anxious be generally acct pted that the are over and many capitalists as beginning is to discuss the question time to whether now je not the buying to for a rise; some few are of buy This relieves the situation of one viz., most dangerous elements, marwithholding its capital from the ket. dispatch from Boston reports & A suspension of F. A. Hawley not the firm which, although good. heavy Co, a dealers, was regarded as baiHotchkiss & Burnhain are to resume ancing their accounts and expect quiet It is 1145 at that reigns more apparent every the crisis suspension has passed. of Hawley & Co., on The was caused by a of run the of Boston, banking department only house. the It is believed to be THE THE hour teller presenting THE paying the first man in line in and money. At noon the number his was not over 25, principally lady line and clerks. Only one atboys among the last. She was was in widow's weeds. Her money gratered tification on draw plain. was out funds bank. ing ing for the future of the rush at the second national There The has about stopped. The bank 148 depositors up to noon to pay clearing were house has arranged all the second national debts. purchases of stocks Field and Foreign are heavy. Cyrus W. that it bonds the worst is over and came says, was a good thing this crash just it did. as general manager of the bank Co The and merchants Te 'egraph & ers the suspension of Dimick says Co. will not involve the company. ded Fisk and Hat h have suspo stated that the bank deb- of Commerce It was this morning was a over tor at the clearing house for one and a half million. the Associ- leadA Press visited most of the street. ated commission houses on the are no ing invariably said there financial They elements in the experisituation. dangerous Many think the of the past few days will prove comence beneficial to the speculative munity. & Hatch were composed Stock of Fisk Hatch, president of the The A.S. and Harvey Fisk. dealers in Exchange, has been the heaviest It government firm bonds on the street. considered staunch, conserva- rewas and reliable, and has been the & cognized tive as fiscal agents here of system, their the suspension came of on lhe Exchange William Lummis derbolt is now acting as president Hatch's the Exchange, owing to vailure. of resulting from his disability There was a decline of 1 to 5 points. bonds weakness of government of The S explained by the suspension his firm. The Supreme Court granted an order giving the Chicago & Atlantic Railway Company leave to prosean sction against Receiver other cute T. Davis, jointly with adJulien as the company may be parties, for the purpose of obtaining ree vised, to which it was entitled relief to notes or 0 her securities 0 a heretofore ating belonging to the railway or company, and held, negotiated, firm therwise disposed of, by the S Grant & Ward. The complaint & r makes f Grant & Ward, John Hay J. W. Seligman & Co., Drexel, & c Co., & Co, P. W. Faullandet Life 0 Morgan Reed & Smith, Equitable United Assurance Co., Society of the E u Orient Bank, Columbia & a States, New York, Lake Erie and Bank, Vestern Railway Company, dether corporations and banks alfe endants The company eges that in September, Loan 1883, a delivered to the Farmer's and Trust Company of this city f George J. Bippus, Huntington, its as trustees, a mortgage bonds on oad nd., to sccure issue of coupon of the corporation to the amount p f 5,000,000 known as secured mort- last bonds. In the autumn of S0 u age negotiations took place be- & ear the company and Grant ween Vard for negotiation for upon these in- in ti

9. May 17, 1884 Arizona Weekly Citizen Tucson, AZ

Article from Arizona Weekly Citizen, May 17, 1884

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SUSPENDED-RESUMING. NEW YORK, May 15.-Wall street 11:30 a. m.-A dispatch from Boston reports the suspension of F. A. Hawley & Co., a firm which although not heavy dealers were regarded in good standing. Hotehkiss & Baraham are balancin Z acC unts and expect to resume to-morrow. At 11:45 a. -comparative quiet reigns at the Stock Exchange. It is more apparent every moment that the crisis is past. The suspension of Hawley & Co., Boston, was caused by a run on the banking department of the house; it is believed to be temporary.

10. May 17, 1884 Arizona Weekly Citizen Tucson, AZ

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LATEST TELEGRAMS. Only Stock Gamblers. New York, May of the panic says: day speaking "It The Sun yester- on Wall street was emphatically a panie else. among the stock gamblers; nothing DIDN'T SHAKE ST. LOUIS. ST. LOUIS, May 5.-The news of the financial erash in New York has had LO effect on business here. "KEEP COOL." NEW YORK, May 15.-The Journal of Commerce says: "Keep cool; a few speculators have come to grief and a few innocent persons have been called upon to that's saffer; about all." THE COUNTRY SAFE. PHILADELPHIA, May 15.-The Press says the country is sound and commerce untouched. NO APPREHENSION OF TROUBLE. May from all in the South, East and NEW points YORK, 15.-Dispatches North state that there is no apprehension of financial bank lowing The Metropolitan trouble. posted the folnotice: "Bank examinera an the bank remade business investigation, will having same at one o'clock." A.W. Dimick & Co., brokers have suspended. us The scene on the street is one of Since have been clerks the wonted brokers' have activity. offices early open morning and aubeen busy getting accounts firms kept their settled. ees counts. until midnight Many As overhauling their employ. acsoon as the Exchange morning affairs opened they have this been showed that in better condition than for months past, as new margins have to prevent rash The stock good been stronger called securities. sacrifice market of is and higher, and a better the bank. ceived in Metropolitan consequence from of Dispatches resumption just feeling of the reLondon by leading to at market stocks bankers, feared and giving bonds orders prices, buy foreign both as it was that foreign orders to sell would be the chief factor in a downward movement to-day. The news created great satisfaction, as it is considered as another break in the clouds that threatened the financial world. The London agent of the Associated Press this morning called upon leading London bankers with the view of learning the generally was and that it was of their The confidence, feeling opinions concerning expressed merely panic. one local but they were positive it would cause no in failures London A BATCH OF NEWS. NEW YORK, May 15.-Dimiek & Co., have failed; other suspensions have not effected the market. Dimick is president of the Bankers and Merchants Telegraph Company, and the suspension of his firm caused a drop in the securities of the Bankers and Merchants Telegraph Company. Henry L. Jacques, vice-president, W&S elected president of the Metropolitan bank in place of George J. Seney, resigned. On nearly every corner knots of men and passers by assembled; the majority express their opinion and take a favorable view of the situation and say, "the worst is now over. The banks are all right. Jay Gould won't let the market break. etc. Wells, Fargo & Co. have notified Doneil, Lawson & Sipson that they pay the drafts that firm have drawn by the Utah National Bank, of Ogden, Fred Kiesel & Co., of same place, and of Anderson Bros., of Eagle Rock, Idaho. The manager of the clearing house reports the clearances of the Metropolitan bank effected. Receiver Davis reports the liabilities of Grant & Ward as far as he is able to ascertain, at $1,451,531; collaterals held by creditors between ten and twelve millions. THE SITUATION. NEW YORK, May i-Confidence is gradually restored and among financiers few are anxious, and it seems generally accepted that the worst is over and many capitalists are beginning to discuss as to whether now is not the time to buy for a rise. This fact relieves the situation of its most dangerous points, namely, withholding capital from the market. ON THE BOUND. CHICAGO, May 15.-11 a., m. - The markets opened with s strong upward bound this morning and the starting prices were 1 at 11/2 over the best figures yesterday. SUSPENDED-RESUMING NEW YORK, May 15. Wall street 11:30 a. m.-A dispatch from Boston reports the suspension of F. A. Hawley & Co., a firm which although not heavy dealers were regarded in good standing Hotchkiss & Baraham are balancing accounts and expect to resume to-morrow. At 11:45 a. m -comparative quiet reigns at the Stock Exchange It i is more ap parent every moment that the crisis i past. The suspension of Hawley & Co., Boston, was caused by a run on the banking department of the house; it is believed to be temporary. THE CRISIS OVER. WASHINGTON, D. C., May 15.-Bank examiner is past. The Scribs, Secretary believes of the the Treasury erisis at telegraphed Assistant Treasurer

11. May 22, 1884 Delaware Gazette and State Journal Wilmington, DE

Article from Delaware Gazette and State Journal, May 22, 1884

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A BOSTON FAILURE. NEW YORK, May 15-11.30 a. m.-A dispatch from Boston reports the suspension of F. A. Hawley & Co., a firm regarded as of good standing. Messrs. Hotckies & Burnham are engaged in the work of balancing their accounts and they expect to be able to resume business to morrow morning. SUIT AGAINST THE METROPOLITAN BANK. CHICAGO, May 15.-A special to the Daily News from Peoria says: "The banking firm of Callender, Ayres & Co., correspondents of the Metropolitan Bank of New York, yesterday, began an attach. ment suit for $25,000 and levied upon 13 city lots which are considered ample to cover the amount. THE WORST BELIEVED TO BE OVER. New YORK, May 15-11.45.-Comparative quiet reigns at the Stock Exchange, and it is believed the worst is over.

12. May 28, 1884 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, May 28, 1884

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TELEGRAPHIC TICKS. An exploding bleacher in Moore & Wilson's strawboard mill at Waterford, N. Y., Tuesday, killed five men and demolished two buildings. A meeting of the Metropolitan bank directors, N. Y., was held Tuesday morning. The president stated that the deposits had diminished about $9,000,000 since the suspension, but show no further diminuation this week. Walter Bradshaw of Cambridge, Mass. the parricide, pleaded not guilty, Tuesday, and was remanded for trial. The light house board has replaced the whistle on the whistling buoy off Cape Hatteras and it is now in good working order. F. A. Hawley & Co., of Boston, the recently failed Bankers, will make a statement to their creditors Wednesday, which, it is understood will show liabilities of $300,000; assets, $25,000. The Empress of China has ordered the Viceroy of Yunnan to start public companies to open mines in Yunnan to procure gold, silver and copper ores. Most of the stitchers at Cobb & Thompson's shoe factory at Abington, Mass., left work Tuesday, The dissatisfaction was caused by being compelled to work in stalls. The reports received from over 1000 correspondents in all parts of the United Stated in regard to the fruit crop say that the apple crop will be the largest ever known in this country. There will only be about half a crop of peaches and pears. The prospects for a very large crop of small fruits is very good. Gehitch & Sons, an old leather firm of Vienna, have failed for 2,000,000 florins. Five other leather firms have suspended in consequence of the failure. The striking spinners at the Tecumseh mill at Fall River, Mass., returned to work Tuesday morning. Brierley's mill at Milbury, Mass., were burned Tuesday. The main mill, three stories high, of wood, was burned. The dry house, picker house and store house were saved. The mill was running on cotton warp, and employed 40 or 50 hands. The loss is estimated at $50,000; insurance, $34, 200. Francilla E. Parker, daughter of Eli P. Parker of South Clemsford, Mass., hung herself to the closet door in her chamber Tuesday. She was unmarried and no cause is known for the act, except a note left in the room saying that she was sick and tired of life. The May session of the Rhode Island general assembly was inaugurated Tuesday night with much ceremony. Francis G. Jillson of Woonsocket was chosen Speaker of the House. Mrs. James H. Clement, a widow and matron at the Summit House Mt. Moosehillock, Warren, N. H., attempted suicide Tuesday by jumping in Baker river while insane. She was rescued. Geo. I. Sealey, Tuesday, in consideration of $350.000, transferred to the Metropolitan bank 137 paintings in his residence, No. 4 Montague Terrace, Brooklyn. Kate Frawley. aged 11, of Stafford, Conn., was killed last Saturday trying to climb in at the window of a school house for some flowers. She fell and caught her neck in the sash and strangled to death. Congressman Wm. Russell of Massachasetts, has written to the Lawrence American declining the candidacy for re-election.

13. May 28, 1884 Daily Republican Wilmington, DE

Article from Daily Republican, May 28, 1884

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Broken Banks and Brokers. The directors of the broken Penn Bank, at Pittsburg, yesterday discovered overdrafts to the total amount of $337,000, or $7000 in excess of the entire capital and surplus of the bank." Of the overdrafts $240,000 are on the account of "D. Wilson & Co.," a firm unknown in Pittsburg, but " supposed to represent the accounts of number of persons lately operating on the wrong side of the oil market." The individual schedules in the assignment of Frederick D. Grant and Jesse R. Grant were filed yesterday in New York. The schedule of F. D. Grant shows liabilities amounting to $2,315,066, and assets nominally $1,990,013, but of which the actual value is unknown. The schedule of Jesse R. Grant shows liabilities of $95,429, and assets of the nominal value of $131, 950. The liabilities of Strang's Bank, of Green Bay, Wisconsin, which suspended on Monday, are reported at $340,000, the assets at $350,000. " It is stated positively that not less than 75 per cent. will be paid on all claims." The concern is a State Bank. Inge & Mahone, extensive tobacco dealers of Petersburg, Virginia, have made a deed of trust for the benefit of their creditors. The junior member of the firm is the oldest son of Senator Mahone. F. A. Hawley & Co., bankers of Boston, who failed recently, will make a statement to their creditors to-day. It is understood they will report $25,000 of assets against more than $300,000 liabilities. The Hot Springs National Bank, of Hot Springs, Arkansas, failed Tuesday after a run caused by the reported absence of its President, Andrew Bruon. Its liabilities are only $40,000. The celebrated Lithla water from Farmville Springs. Virginia, in quantity to suit. -

14. May 29, 1884 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, May 29, 1884

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Heavy Liabilities. BOSTON, May 29.-H. R. Mandell, assignee of F. A. Hawley & Co., the suspended bank. ers, report liabilities of nearly $722,278; assets, $32,585.