John H. James (Atlanta, GA)

Episode Information

Episode UID
7963016691013
Episode Type
Run β†’ Suspension β†’ Reopening
Bank Type
private
Bank ID
796301669 hash
Start Date
May 16, 1884
Location
Atlanta, Georgia (33.749, -84.388)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6ceebffadf1dc4f8

Response Measures

None

Description

Assigned to W. J. Garrett and A. D. Adair; later resumed business in Sept. 1884.

Events (3)
1. May 16, 1884 Run
Cause
Correspondent
Cause Details
Failure/trouble of New York connections and wider Wall Street failures (Fisk & Hatch / Grant Ward news) prompted depositor alarm and crowding.
Measures
He declined offers of assistance from associated Atlanta banks; maintained he would rely on real estate to meet liabilities.
Newspaper Excerpt
his suspension causes much excitement, a large number of depositors being on the streets around the bank until after midnight.
Source
newspapers
2. May 16, 1884 Suspension
Cause
Correspondent
Cause Details
Closed due to failure of New York correspondents/connections and resulting financial contagion; made an assignment to trustees/assignees (Garrett and Adair).
Newspaper Excerpt
announced last night that on account of the failure of his New York connections he will not open his doors to-day.
Source
newspapers
3. September 7, 1884 Reopening
Newspaper Excerpt
will resume banking business to-morrow under arrangement with his creditors. Mr. James ... will resume business just as soon as a settlement was completed.
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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JOHN H. JAMES IN TROUBLE, The Doors of the Largest Private Bank in Atlanta to Remain Closed This Morning. ATLANTA, May 16, 2 A. M.-John H. James, the largest private banker in this city, announced last night that on account of the failure of his New York connections he will not open his doors to-day. He will throw all his real estate, which is very extensive and valuable, on the market at once, and expects to pay every dollar in full. The other banks of the city offered to assist him to the extent of their ability, but he declined, preferring to settle from his own resources. His suspension causes much excitement, a large number of depositors being on the streets around the bank until after midnght. He had a heavy line of deposits from the best people in the city, and it IS feared that many and serious financial complications will follow. No statement of his liabilities can be obtained to-night.

2. May 16, 1884 Lancaster Daily Intelligencer Lancaster, PA
Article from Lancaster Daily Intelligencer, May 16, 1884

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SECOND EDITION. FRIDAY EVENING, MAY 16, 1884, ON WALL STREET. MATTERS QUIETING DOWN THERE. One Failure in New York City To-dayOthersin Other Places-A Georgia Banker's Troubles. NEW YORK, May 16.-It is given out on Wall street at this hour (10 a. m.) that the obligations of Fish and Hatch on the stock exchange are very small. The opening of the Exchange shows no appearance of a flurry and indications point to higher prices to day, unless new failures occur. WALL STREET, 11:05 A. M.-The firm of H. C. Hardey & Sons have just announced their suspension. A Hopeful Circumstance, Noon-The first two hours of business, which are usually the most dangerous in a season of flurry, have passed with only one small failure, which has had no great depressing influence. 1:30 P. M.-On Wall street at this hour stocks are stronger and higher again. Protecting the Market. 1:30 A. M -The clearing house banks have agreed to advance $20,000,000 on government bonds if necessary to protect the market. Up to this hour, it is said, $2,500,000 have been loaned on this collateral ; money is loaning at t@tc. per cent. premium per diem. 2:15 P. M.-The hour of settling has passed and no additional failures are reported. The Weekly Report of Failures Everywhere The business failures for the last seven days throughout the country number 182 for the United States and 27 for Canada, a total of 209. As compared with 191 the p:e. vious week, this shows an increase of 18 failures, just about the number that 00. curred in Wall street. The other sections of the country report about the same as the previous week. a Southern Banker Shuts H13 Doors. ATLANTA, Ga, May 16.-John H. James, the banker, announced last night that he would not open his doors to day. He had control of real estate to the amount of half a million dollars, which he will offer for sale at once, and which will more than pay his liabilities. The associate banks and bankers of Atlanta met last night and tendered Mr. James assistance. Ho declined, stating that he preferred to rely on his real estate, which would fully protect him. There was no run on his bank and he closes out of abundant caution. The other banks are confident and strong, and have organized for mutual protection. Failure of a Savings Bank. NEWARK, N. J., May 16.--The Newark savings institution, which failed SIX years ago, closed its doors to day. Fisk & Hatch, the officers say, owe the bank 3 million dollars. The Newark savings institution failed four years ago, but was taken in the guardianship of chancery, which, instead of appointing a receiver, left the board of managers in control to settle up the old debts and receive new deposits which were to be invested only in government bonds and similar securities, and which invest ments were to be especially for the benefit of the new deposits; and old deposits have realized 95 per cent., nod there is enough money to pay the other 5 per cent. The new deposits have paid an income of 31 per cent, yearly. Muco xcliement in London. LONDON May 16.-5 P. M.-There is a strong downward tendency in American stocks. The streetis crowded and there is much excitement.

3. May 17, 1884 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, May 17, 1884

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The Clouds Slowly Dispersing. Affairs More Hopeful-The Worst Over. NEW YORK, May 16. WALL STREET-The market shows rally of to 21 per cent. for some shares, but few stocks are heave New York Central selling at 108 against 110 this morning, while Lake Shore is back to 83. The first two hours of business, which are usually the most dangerous in the season of flurry, have passed with only one small failure which has had no great significance. Sub Treasurer Acton says there was brisk demand for legal tenders at his office yesterUp day, causing withdrawal of $3.500,000. to this bour today, one million legal tenders have been paid out and nearly another million of silver certificates. the latter being for payment to savings banks. The Produce Exchange Gloomy. Business matters at the produce exchange have rather a gloomy look. although no failures or rumors of failures are current. Trade is not disposed to operate to any material extent. Shippers' operations are materially checked by the extreme difficulty in selling Sterling exchange prices are all lower and tending downward Leading members are qaite hopeful that there will be no panici the produce exchange, but some members are discouraged at the outlook of financial affairs in Wall street At the Petroleum Exchange. At the petroleum exchange prices broke 84 or from 734 at the close of yesterday down to 65. There was some excitement, but prices afterward recovered about four cents standing at 12.13 P. M. at 69. No failures are reported. Savings Banks Run Nearly Closed. The run on the Emigrant Industrial Savings Bank has abated today, and business was being done as usual. About 8160,000 was paid out yesterday, but it was said that depositors were returning their money today It was thought that there would not be another rush here unless the Wall street pauic broke out afresh. There was no run today on the Manhattan savings institution. The Greenwich Savings Bank run ended today There a steady run on the German Savings Bank today. A large crowd composed mostly of women stood around it. The teller was passing nothing but gold to them. Washington advices state that the sub treasurer at New York reports only $100,000 of bonds were offered for redemption there. under Secretary Folger's call. The clearing house banks have agreed to advance $20,000,000 on government bonds necessary, to protect the market. Up to this hour it is said that $25,000,000 have been loaned in this collateral. Money is loaning at and 1 per cent. premium per diem. No quotation for money, prime mercantile paper nominal: exchange heavy and depressed at 82 84 long and 84 a 854 short governments weak and lower, state bonds merely nominal railroad bonds very regular Stocks have been better since 11.30 A M Lake Shore is up to 84. St. Paul to 68A. Missouri Pacific to 664. Union Pacific to 423 and Western Union to 521. At the subtreasury $3,500,000 in legal tenders have been paid out this morning This will strengthen the bank reserves, Brokers report more willingness on the part of bankers to make loans and a large amount of money has come from Canada and heavy transfers have been from the other side Walter A Trumbull of Newark. N. J. tel egraphed to the Associated Press from Chi cago follows **The statements published that had fled after making unwise endorsements are maliciogs falsehoods. I am on my way east to demand a retraction. After midday, stocks were strong and higher again. Buying for European accounts was large at the Erie office. The transfers of stock for this account is very heavy Lake Shore was the special feature of the market and rallied from 87 per cent. to 884 The action of the clearing house banks this morning has caused an improvement. The market for governments is much im proved. No New Failures Reported. 2.20 P. M -The hour of settling has been passed safely and no additional failures have been reported Consideraele Excitement in London, LONDON, Mav 16 The opening prices on the stock exchange were somew lower than last night's clos ing. It is stated that the relapse was caused by vices of yesterday from New York in regard to the financial situation, and especially by the news of Fisk Hatch's failure but shortiv after the opening a general firm. ness began to appear and has prevailed up to the time of this dispatch. 2.30 P M. This was brought about by the bears seeking to cover their short sales and by the purchasing of small investors. Since half past four strong downward ten dency in American stocks especially in Lake Shore. has prevailed. The street is crowded and there is much excitement. London Sending Gold to New York. At 5.30 P. M. prices of American securities on the streets were fluctuating. The closing prices, however, were better. There have been large remittances of government coupons to pay for stocks sold here. Large shipment of gold to New York are being arranged. Suspension in Atlanta ATLANTA. Ga. May 16 John H. James, banker. did not open his doors today He has real estate to the amount of half million dollars which will more than meet his liabilities. The other banks are confident and strong. and have organized for mutual protection. Another Bank Closed Its Doors. NEWARK. N. J. May 16 The Newark Savings Institution, which failed six years ago and has since been conducted under the direction of a chancellor by the old managers, again closed its doors, on account of the failure of Fisk & Hatch. The Fisk & Hatch bank officers say that they owe the institution $1,000,000. It said that the firm has a right. as far as the bank officers could give it to them, to borrow and use their securities substituting for them different bonds of equal value. and now at the end comes considerable loss, yet it is believed that in little while the securities now in the possession of the bank received by them from the firm will turn out equal to saving depositors from any lose. The chancellor saye that the closing of the doors was ordered by him to protect

4. May 17, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, May 17, 1884

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MR. JANES More Dis the Failure is Rumors That Than Was First Supposed. astrous May 16.-During the banker panic ATLANTA, John. H. James, a private He of 1873 was forced to suspend. of this city, offered for sale a large quantity brought of at once which, when sold, his creditors. property, to pay off all resumed enough money he got his footloose he on As soon as business at the old stand, the banking of Whitehall and Alabama was the corner His class of patronage Since streets. confined to small depositors. in stocks largely speculated largely issued by 1873 he has principally those James was railroad and bonds, corporations. along Mr. successfully supposed to be night, getting when a whispered until last a confidential character confidenrumor of into the ear of a by found its that way he was short, but 11 o'clock no tial means few badly friend crippled. of Mr. About James', who, also an intimate one of his tenants, was NEWS besides being informed the next that a to the an advertisement correspondent door contain neighbor, morning's at an paper early effect would that Mr. James would of his property day sell at increase auction his some banking capital. was so as to stated that Mr. James The to run him until the was in funds and that there informant be sold, property Pubcould of his closing up. would inno danger of these facts, he said, lication and violate his bankers jure Mr. night leading Mr. Later who had an of being crippled, held a over James doors, and after When with the closed city, in James the inkling talking confidence. meeting of sent for Mr. James. gentiethe he said, "Good me to is it that you men. The subject matter a rrived situation, What evening, banker under desire discus- fully, say?" explained to the the city sion was was told that the banks of and he to lend bim any carry ready amount to that stood would be sufficient James rehe thought through. This offer Mr. know how him saying that he did not bankers injected, much he needed. helping The him out, but sisted offer on was promptly rejected. .from every conference was kept NEWS The public until this morning's morning the the suspension. This doors failed published usual hour the bank's received at the The suspension was of to open. general surprise. The patrons Bank with the renters of the James neighthe bank, and Mr. James' next door of his block all alike were in ignorance 10 o'clock bors until to-day. About rumor gained this James had assigned, A. D. position Mr. morning and that the circulation that were W. J. Garrett and soon assignees A notice to this effect was of Adair. the door. An intimate friend are put on banker says that his liabilities loans the with assets in property, stocks $500,000, discounts and railroad doland bonds sufficient to pay balance and for dollar and have a Mr. lar This friend says that dison hand. has $270,000 out in loans and 2,400 James $300,000 in property, besides Railcounts, of Memphis and Charleston than Conshares worth a little more Tenroad a quantity of federate and Georgia nessee, stock, Virginia money, like East Railroad characand other property of that stock, On the other hand it is stated of ter. James has made over considerable what 18 Mr. property to his wife, and that of the his for sale, which is one-half all Whitehall offered street bank property, is The has in his own name. it is said, makes preferred creditors, and come depositors that assignment, he the then regular special bearing interest will is left. out that for some time gives deposits in, if it anything Common large past number rumor Mr. James has been receiving a who small deposits from poor people the of their earnings in his bank on class put of interest. This is the promise will be hurt most. The failure caused by that to be made on the other banks resmall a run depositors. Coker's bank with is this to be the most popular class ported of people. The pull was not The At- heavy and was met with apparent ease. National during the day received National telegram lanta from the Fourth offering it have $100,000. to offer was received at couraging Bank let of New York National. The same the Gate Up- enBank from the Park at these banks, the NEWS saw large quantities spondent City calling of corre- if their the being signed up ready for use, banks notes offered. Each of these had occasion a heavy reserve fund to draw on, sig- to natures being all that was necessary make them as good as gold. It i publicly of New stated here that Eugene Kelly, and John Ryan, a dry goods mer- here chant York, of this city, will open a bank in the fall. The bank men held a caucus to-night, compared notes and agreed that of the a trouble was over. The organization clearing house was discussed association favorably, the chances are that an and will be organized at an early day in this city. To-night Hoke Smith and J. B. Redwine, Judge drew up and presented to Hammond attorneys, an application for an order by to set aside the assignment made to-day banker James, and asked that a receiver be be appointed so that all the assets can dedivided irrespective of any class of positors. Smith and Redwine represent number of depositors who hold interestbearing a certificates amounting to about $50,000. Mr. James, in making the assignment, makes the regular depositors preferred creditors. Judge Hammond stated that he was disqualified, and Judge the upon being asked to grant said that he was Stewart, order, similarly situated. the train One of the attorneys then took for Newnan in search of Judge Harris.

5. May 17, 1884 Daily Republican Wilmington, DE
Article from Daily Republican, May 17, 1884

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TheFinancial Crash Matters were quieter yesterday in Wall street, and only one failure was reported during the entire day, that of H. C. Hardy & Co. The other suspended firms " ' were busily engaged in straightening out their affairs." and were not ready to make any statement as to their condition. Runs continued on several of the saving banks, but all demands were met. Bank Examiner Seriba reported to the Comptroller of the Currency yesterday afternoon that the Second National Bank paid out $2,412,000 during the run on Wednesday and Thursday, and is considered in good condition. He also reported everything going on well, and he said he considered the trouble over so far as the associated banks were concerned. There was a decided improvement in the New York stock market yesterday, but the money market continued stringent. The gΓ©neral opinion in financial circles last evening was that the danger of further trouble was past. The Newark Savings Institution, of Newark, New Jersey, was ordered to be closed yesterday by the Chancellor, who appointed a Receiver immediately. The depositors, it is said, will not lose any way more than 25 or 30 per cent. The Newark SavingsInstitution failed a few years ago, but was left in control of the old managers. The city authorities of Bradford, Penna, yesterday examined the accounts of the suspended Tuna Valley Bank and reported that "its affairs were all right, the good assests being nearly double the total liabilities."The Exchange Bank of Bradford, a email private concern, of which Huft Brothers & Ege are proprietors, suspended yesterday. John H. James, banker of Atlanta, Georgia, suspended yesterday. It is understood he is only temporarily in trouble. He has $50,000 of available real estate, which will more than cover bis liabilities.

6. May 17, 1884 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, May 17, 1884

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Closed His Doors. [By telegraph to the Dispatch.] ATLANTA, GA., May 16.-John H. James, banker, announced last night that he would not open his doors to-day. He has central real estate to the amount of half a million dollars, which he will offer for sale at once, and which will more than pay his liabilities. The Associated Banks and Bankers of Atlanta met last night and tendered Mr. James assistance. He declined, stating that he preferred to rely on his real estate, which would fully protect him. There was no run on his bank, and he closes out of abundant caution. The other banks are confident and strong. and have organized for mutual protection.

7. May 19, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, May 19, 1884

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1884 Corresp'g weeks. Past Previ's 1881. 1882. 1888. week. week. States. 28 29 31 25 39 Middle 22 21 28 35 82 New England 13 21 34 20 82 Southern 19 81 55 40 58 Western. Pacific and Ter6 14 18 12 26 ritories 88 116 166 132 187 Totals 15 14 21 20 35 Canada About 75 per cent. were those of small traders whose capital was less than $5,000. The following were the important suspensions of banks, bankers and brokers during the past week: New York city-Fisk & Hatch, Hatch & Foote, Donnell, Lawson & Simpson, O.M. Bogert & Co., Hotchkiss, Burnham & Co., A. W. Dimock & Co., Nelson Robinson & Co., H. C. Hardy & Sons, Goffe & Randle. Brooklyn-Atlantic State Bank. Newark, N. J.-The Newark Savings Institution. BostonF. A. Hawley & Co. Bradford, Pa.Whitney & Wheeler. Quincy, Ill.Union Bank. St. Joseph, Mo.-State Savings Bank. Tucson, Arizona-Hudson & Co. Atlanta, Ga.-John H. James. Among the other suspensions were the Northwestern Manufacturing and Car Co. of Stillwater, Minn.: Charles E. Young & Brother, produce, Philadelphia, Pa.; and Henry C. Mayo, canned goods, Boston, Mass. In the principal trades they were as follows: Bankers and brokers 13, banks 5, stock brokers 5, grocers 26, general stores 24, produce and provisions 11, clothing and cloth 10, liquors 9, drugs 8, hotels and restaurants 8, manufacturers 7. shoes 6, dry goods 6, hardware 6, butchers 5, bakers and confectioners 5, furniture 4, lumber 4, jewelry 4, millinery 3, fancy goods 2, grain and flowr 2, tobacco and cigars 2, men's furnishing goods 2, books, stationery, etc., 2. ALABAMA. Eufaula-Thomas L. Allday, saloon, failed; Ebenezer Priest, saloon, reported failed. FLORIDA. Tallahassee-B. A. McGinnis, general store. assigned. GEORGIA. Atlanta-M. B. Byron, grocer, failed; John H. James, banker, suspended and assigned to W. J. Garrett and A: D. Adair. His real estate is valued at $250,000, and he thinks this will be enough to pay all his liabilities: Paine, Rowland & Co., produce exchange, receiver appointed. Rome-J. G. Yeisse, drugs, applied for homestead. Sucainsboro-Manning R. Rountree, general store, assigned. SOUTH CAROLINA. Charleston-C. D. Derate, fruits, sold out on a chattel mortzage. Georgetown-Julius Levy (agent), saloon. failed and succeeded by his father. Itis said he paid nothing Marion-Julins Brown, generalstore, closed by Sheriff.

8. May 20, 1884 The Sedalia Weekly Bazoo Sedalia, MO
Article from The Sedalia Weekly Bazoo, May 20, 1884

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THE SEDALIA WEEKLY BAZOO. TUESDAY, MAY 20, 1884. resumed this morning, but the excitement Miln as Hamlet, and on the following E.L. subsided by 10 o'clock. day his conclusions were published as AT QUINCY. follows : There is too much chioning Quincy, Ill., May 15.-The Union bank in the piece. The author is way beof this city failed to open its doors this hind the times and seems to forget that morning. When the Marine bank of New what we want nowadays is hair-raising York failed the Union transferred its acsituations and detectives In the hands accounts to the Metropolitan, and the closROYAL ABSOLUTELY ing of the doors of that bank yesterday is of a skilful playwright, a detective given as the cause for its suspension. would have been put upon the track No statement can be obtained at present. of Hamlet's uncle, and the old man but the officers are confident that deposiwould have been hunted down in a ROYAL tors will be paid in full. It is stated by manner that would have excited the the officials the bank will probably not resume business. audience out of their number elevens. AT ATLANTA. The moral of the piece is not good. The scene where Hamlet sasses his Atlanta, Ga, May 15.-John H. James BAKING POWDER announces he will not open his doors tomother is a very bad example to the morrow. He has control of real estate to rising generation ; and it isn't helped the amount af $500,000, which he wlli ofwhen the dreary old ghost comes in fer for sale at once, and which will more than meet his liabilities. The associated and tells him to hold his jaw. Our banks and bankers of Atlanta to-night advice to the author is, a little more tendered assistance, which James declined. action, a little more gurgling taffy and BAKING The banks are confident and strong and a fair share of variety business in his have united for mutual protection. next piece. In the specialty of the AT RRADFORD. play scene he has entirely missed his 217 MAIN Bradford. Pa., May 15-The Suma bank, opportunities -Anon. POWDER a correspondent of the Metropolitan, of New York, has suspended. Its officers say To Repair Damages. it will pay in full. Absolutely Pure. THE CLIERRATED them

9. May 22, 1884 River Falls Journal River Falls, WI
Article from River Falls Journal, May 22, 1884

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Miscellaneous News Notes. F. A. Hawley of Boston has failed badly. John H. James, an Atlanta banker has failed. Bradstreet says the panic did little general damage. Billy Edwards got $7,000 out of his fight with Mitchell. J. P. Eustice is nominated for senator from Louisiana, to succeed Jonas. Maj. Maginnis of Montana will deliver the Decoration day oration at Gettysburg. A national convention of carpenters is called at Cincinnati the first Tuesday in August. Peter W. Stolberg has been confirmed receiver at Taylor's Falls, Minn., land office. Over 100 new doctors graduated this week from the New York college of physicians and surgeons. Hill, Stanwood & Co., brokers, of Boston, and correspondents of Goff. Randall & Co., New York, have suspended. Liabilities, $100,000. The failure has no significance. Henry Probasco, the Cincinnati millionaire, had a boy street-car conductor arrested because he would not give back a nickel and take a ticket. The boy's father sues the millionaire for $5,000 damages. Vice President Temple, of the Orange Judd company, New York, says it was Orange Judd personally, and not Orange Judd company who inflicted losses on Bayard & Co., by negotiating his own and other paper. Orange Judd's control of that company ceased several years before he failed. Captain E. S. Austin, president of the St. Croix Land and Lumber company, located at Wildwood, St. Croix Co., Wis, applied to Judge Bundy to have a receiver appointed. Armstrong Taylor of Baldwin was appointed in accordance with the request. Senater Sabin was largely interested in this concern, and his failure has occasioned this step. Rev. Henry Ward Beecher discoursed on Wall street Friday evening. He regarded this as the settling up of speculators. In regard to Gen. Grant, he thought he had made a great mistake in going into Wall street, but he was not to blame, because rogues had imposed upon him; and this was the feeling, he said, of every man in the county. He also referred briefly to George I. Seney's troubles. The firm of Mayo & Clark of St. Paul, Minn.' wholesale hardware dealers, notice of whose embarrassment was made some time ago, have effected an arrangement with their Eastera creditors, who have agreed to take 75 cents on the dollar. Mr. Mayo, it is understood, will retire from the firm. July 1.25 per cent. is to be paid, and 10 per cent. at three, six, nine, twelve and fifteen months respectively, with interest. The nominal assets were given at $20,000 more than the $135,000 of liabilities. From the Deseret News, published at Salt Lake City, it is learned that the Mormons of Minnesota held a conference at Monticello, Wright county, April 17. There being present the following elders from Utah: J. E. Booth, of the presidency of the Northwestern states mission; Heber Bennion, president of the conference, and Nels L. Lund, Charles M. Nielson, Peter Loutensock, T. S. Woodland, A. B. Strickland, Mads Anderson, G. L Breinholt, Morten Jenson, Soren Christensen, Neils Bengston, J. H. Fillmore, George A. Cloward, Harry s Young, Lewis Anderson, Canute W. Peter-

10. May 22, 1884 Delaware Gazette and State Journal Wilmington, DE
Article from Delaware Gazette and State Journal, May 22, 1884

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An Atlanta Banker Closes. ATLANTA, GA., May 16.-John H. James, banker, announced last night that ha would not open his doors today. He had central real estate to the amount of $500,000, which he will offer for sale at once, and which will more than pay his liabilities. The associated banks and bankers of Atlanta met last night and tendered Mr. James assistance. He declined, stating that he preferred to rely on his real estate which would fully protect him. There was no run on his bank and he closes out of abundant cartion. The other banks are confident and strong, and have organized for mutual protection.

11. May 24, 1884 Arizona Weekly Citizen Tucson, AZ
Article from Arizona Weekly Citizen, May 24, 1884

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-h PH te be g CLIFION, May 16. Much feeling is manifested in Clifton and Morenci over ed t. the hanging of Jno. Nichois, whose body was found last Saturday, twelve miles south of Lordsburg, N.1 M. Nichols left al Morenci about a month ago, well provided with money visit some adjoining camp, and was last heard of in He Lordsburg about fifteen days ago. was formerly shift boss in the Detroit Copper company, and was an industrious and law abiding man. The New Mexico authorities will be urged to thoroughly it investigate his mysterious death, as of was believed he was foully murdered. TOMBSTONE, May The jury in the case of Adams, charged with the marder of Constable I. L. Roberts, of this city, February last, returned a ver diet of manelaughter. The Grand Central mine directors have held meeting and decided not to resume work on the mine except on the basis of $3 per day. This is final. The miners' union still hold out for St. City very quiet. TOMBSTONE, May 19.-J. R. Mason was shot and instantly killed at Fairbanks last night by William Humphries. From the testimony at the coroner's inquest, it looks like an unprovoked murder. Humphries gave himself up and is now in custody. The killing 18 said to have been the result of an old feud. The latest phase of the conflict between mine owners and miners is that the mines will not pay more than three dollars per day and will not employ union men, even at that rate. Union miners are leaving camp rapidly. NEW YORK, May 16. Fiske & Hatel the will open for all desiring to consult but no business will be transacted firm. receiving claims and fixing basis beyond of settlement. Fiske said that depositors and other ex pressed many their entire confidence and notified them that their claims will not be of pressed. Business began at the Exchange Stocks with flarry. weak, out the appearance succeeded by better feelopened ingand general advance of one-half to two. Foreign bankers are buying extensively. Rumors of failures continue, but no announcement yet made and is exists treat ed as ridiculous as DO in for such action, speculation being Ex. no panicky. An officer of the sense change states that he is informed by Russell Sage that he will meet every sent in, but must proceed slowly. "put" The Clearing House committee have certificates ready upon instant de livery loan and express the determination to use them liberally with view of reliev without delay the stringency of the money ing market. There is wild talk about closing the Stock Exchange FISKE HATCH'S BANK CLOSES. N. May 16 The Newash The bank officers say Fiske & Hatch own the institution million dollars capital. THE LONDON STOCK MARKET. LONDON, May 16. Stocks opened relower than last night, on somewhat from New York. Shortly afterwards ports general firmness set in which prevailed up to 2:30. $3,500,000 LEGAL TENDER PAID OUT THIS MORNING. NEW YORK, May 16- Noon. The of legal subpaid out $3,500,000 treasury This strengthens tenders this morning. The first two hours of business, the bank reserve. which are usually the most in of flurry, passed dangerous with only one small failure, which had no depressing influence. FLURRY IN KANSAS CITY OVER. KANSAS CITY, May 16 All traces circles of flurry in banking yesterday's disappeared. The banks are pay have ing in full, and to-day 'sibusiness is moving along as usual. CENTRAL PACIFIC ANOTHER BANKER GOES. NEW YORK, May 16 11:30 a. m. -Fisk conHatch have posted a notice that & of the Central Pacific bonds will pons be paid at the office of the railroad company. H.C. Hardy & Sons have suspended; for all their contracts are provided demoraliz Stocks are heavy and ment were of the failure; on the afterwards annound rallied 1/2 to 214 some they stocks are heavy; New shares, but few 10. York Central selling 108 against CLEARING HOUSE CERTIFICATES YORK, May 6.-Manager Camp, banks NEW the Clearing House says the of of availing themselves now freely not are certificates. He would be surprised the new if ten million would be taken all The suspended firms are to-day. busy straightening their affairs. AN ATLANTA, GA., BANKER FAILS. ATLANTA, Ga.,May 16 -John H. James, announces he will not open banker, doors to day. He has real estate which to the amount of half milliop dollars which will offer for sale at once and The than meet liabilities. will banks more and bankers of Atlanta tendered assurance of assistance, which James declined. CATCHING THE FEVER. CHICAGO, May 16.11a. m. demoral- Markets depressed and are partially ized are on the receipt of the news of additional failures in New York and there was a decline in stocks. THE ATLANTIC STATE AND THE CAPITAL BANK. NEW YORK, May 16. The excitement several of the Brooklyn banks has calmed down. at The Atlantic State Bank The was open o-day. but bank no examiner business was got transacted. through last night and found every thing all right. The Capital Bank is improved. GOVERNMENTS DEPRESSED. NEW YORK, May 16. -Governments depressed, 41/8. and 4s. which closed last 110@112 and 120@122, on the street now 1081/@108 and 116@119. weakness night, is caused by the fear that r The Fisk & Hatch are holding to be marketed. Sage is not taking stocks on privileges but making settlements this morning, hecks for the difference

12. July 10, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, July 10, 1884

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House Entered and Robbed Neal's Suit Against Banker James Transferred. GEORGIA. Lightning parched a patch of corn in Bartow county a day or two ago. Boat clubs are being organized at Albany, and a regatta already looms up. Two attempts at outrage by negroes were frustated at Columbus Monday. The murder cases of Doyal and Touchstone were continued at Spalding Superior Court Monday. Eight or nine people have been adjudged lunaties in Bartow county this year and sent to the asylum. There are many fields of cotton in Bartow county that have been completely swallowed up in crab grass. The Adamsville Baptists are preparing to erect a new church in their town. Over $500 has been subscribed. The Capital City Club, of Atlanta. will move into its new quarters, the residence lately purchased from banker James, in about ten days. John Steels, a South Carolina breacher. is traveling through Georgia, creating what he calls a protective association, which requires that every member carry a pistol. He charges an initiation fee of two dollars, which he pockets. A burgiar entered in succession every room in an Atlanta boarding house, chloroformed the sleeping inmates and departed $200 richer in money than W hen he entered. and provided in addition with two gold watches. Two neighboring residences were treated in the same way. Arch Orme has improved so much during the past ten days that he is able to talk about his business. J. W Culpepper has been requested by Orme to act as his agent in the adinstment of his accounts with the railroads. Orme says that he is prepared to pay any and all just claims that may be presented against him. The star route from Auraria to Dawsonville has been 80 changed that it starts at New Bridge instead of at Auraria. "Shilling" is the name of a new post office in Pulaski county, with Rabern F. Gordie as Postmaster W lliam H. Chivers has been commissioned Fostmaster at Chiversvi and John T Ray has been commissioned Postmaster at Dale's mill. James Bent, the overseer of the Atlanta chain gang and the superintendent of streets was tried Tuesday before the board of commissioners of streets and sewers. from whom he holds his position. for malfeasance in office, and was acquitted. The charges against Mr. Bent were five-ply deep and were preferred by C. T. Harrison, who was for years in charge of the city stables at the stockade. Sol. D. Betton, of Randolph county, lost his wife a few days ago, aged 80 years. She was the daughter of a midshipman on the Brandy wine, the vessel that took Gen. LaFay ette to France after his visit to the United States. Mr Betton is still alive. He was Postmaster at Milledgev more than 40 years ago. The famous Bob Betton, the barber, the father of Dick Betton, the barber, here, was slave of Mr. Betton's. Athens Banner- Watchman: 1839 was the dryest year ever known in the annals of Georgia. Not a drop of rain fell from the planting to the harvesting of crops. The streams were nearly all dry, and parties from Alabama bauled grain to the High Shoals mills in Walton county, to get it ground. The mill ran day and night. Sun days not excepted, and paid the entire cost of its construction the first year. A1 Atlanta Thomas B. Neal's suit against John H James has been transferred from the Superior Court to the United States Court. This bill is the one under which the assignees were made receivers and seeks to have the court construe what it claims are ambiguous terms and expressions in the deed. It is claimed for one thing that there are practically no preferred claims, that all the creditors must stand on the same basis. In effect, therefore, it seeks to annul the preferments, and will of course be fought by the preferred creditors. New York Sun: Before Theodore Mayor, of East Fifty-fifth street, moved to LaGrange, he left $195 worthof clothing and furs at Solomon Heyman's storage house, at 974 Third avenue. Afterward he sent for the goods. When he opened the boxes he found they contained straw. He informed Mr. Heyman, and Detective Campbell, of the Fifty ninth street station, arrested Herman Kessler of 210 East Fifty -sixth street, and Max Garvens, of 2124 Third avenue. One was porter and the other a truck driver in Mr. Heyman's employ. They admitted the robbery. Justice Ford held them yesterday for trial. Columbus Enquirer-Sun: About SIX weeks ago little Belle Ferguson, the daughter of the night watchman at the Columbus and Rome depot. had both legs terribly lacerated in the turn table, the skin being so far separated that her physicians, Drs. Jordan and Ticknor, told the family it would be impossible to make the parts heal unless fresh bits of skin were grafted on the ugly wounds. As soon as this was known to Belle's brother Reggy, a lad 12 years old, he stepped up to the physicians and promised to be on hand any time the next day and let them cut the necessary skin from his arm. At the appointed hour he met the engagement, bared his arms, and, by means of knife and scissors, four pieces of skin were taken from his arm and transplanted to his sister's wounds. Canton correspondence MORNING NEWS, July 8: We have passed through one of the wettest seasons ever known in the summer. The crops of corn are excellent. but the grass and weeds are fast becoming the cosquerors. The cotton plants are dying rapidiy on account of so much rain. The wheat crops are as good as ever known, but large quantities have sprouted in the fields.-A great deal of sickness, for this climate, prevails in the community -Searcity of money and dullness of business produces fearful monotony -County politics is the only department that keeps pace with this progressive age. Five of our good have expressed a willingness to represent the county in the next State Legislature The balance of the offices, down to Coroner. have fully as many aspirants. It is hard to tell how many are sought by the offices. Griffin Sun: The funeral of Captain John Linsey one of the best men that ever lived, was preached at Rehobeth church last Sunday by Rev. W ash Oliver. The church was crowded with friends of the deceased who wished to show their love and respect, but the obsequies of this good man were broken up by one of the most disgraceful scenes ever witnessed in a civilized community. It seems that Will Purifov and John Gowing thought it essential to fill themselves with whisky before going to church, and when they arrived at the church they were in the humor to do anything. Seeing two strangers, named Foster and Crawford. they commenced cursing them at the church door. Those gentlemen told the two desperadoes that, while they wanted no disturbance, if nothing would do them that they would leave the church and settle it. At this Purifoy and Gowing drew their pistols and attempted to shoot them down. but by the combined efforts of several gentlemen they were prevented and left the church, vowing vengeance and swearing they would die before being arrested. and up to this date they have not been arrested. FLORIDA. Liverpool, Manatee county, shipped 25,000 pounds of 'gator sides during the month of May. and ties for the street

13. September 8, 1884 New-York Tribune New York, NY
Article from New-York Tribune, September 8, 1884

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STARTING TO MAKE HIS THIRD FORTUNE. [BY TELEGRAPH TO THE TRIBUNE.] ATLANTA, Ga., Sept. 7.-John H. James, the Atlanta banker who suspended after the Grant Ward failure, with liabilities of $500,000. principally due in New-York, will resume banking business to-morrow under arrangement with his creditors. The assignes have about completed the settlement of the affairs of the old bank. They distributed $15,000 in cash among 1,300 depositors, paying pr ferred creditors. or those whose deposits dr W no interest, 40 per cent, and ordinary creditors 10 per cent in cash, on their claims. The balance due to both classes was paid in stock with a guarantee of 4 per cent per annum for ten years. Mr. Jawe 8 announced several weeks ago that he would resume business just as soon as a settlement was completed. He thought, at one time. that he mia ht arrange to open a National bank. but concluded to start again with a private bank. James started business 30 years ago. He b came the richest man in Atlanta, but WHIS seriously crippled in 1873. When he made an assignment last May, be had a large part of his property saved under his wife's name. He will now begin the creation of his third fortune.

14. May 28, 1891 The Marietta Journal Marietta, GA
Article from The Marietta Journal, May 28, 1891

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GONE UNDER. After slashing, cutting and selling goods below cost, Mr. Steve Ryan, in Atlanta, has failed for nearly one million dollars, mortgage after mortgage being given. It took his father a life time to make his fortune, but this young man discarded the methodical ways of bis father and tried to show this fast age how to make a fortune in a few years. The question is has he done so ? He may have done so for all we know. Some times these modern merchants make more mons ey by breaking than by running their business. This modern way ought to be punished by imprisonment in the penitentiary. John H. James, an Atlanta banker, broke a few years ago, but ne has blossomed out again, and now advertises his banking capΔ±tal at $150,000. Banker James ought now to make his promise good and pay one hundred cents on the dollar. Atlanta has been peculiar unfortunate with such breaks. But the break of Ryan's Son was apparent. The manner in which he was selling goods demoralized legitimate trade and injured merchants who wanted to honestly realize something on their goods, but could not do so with such cut-throat traffic as Ryan was engaged in. He took in a pile of cash during this run of bargains and hurt trade not only in Atlanta, but in adjoining towns. But now the sheriff will run the business.