Erie County Savings Bank (Erie, PA)

Episode Information

Episode UID
7963868191013
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
796386819 hash
Start Date
May 19, 1884
Location
Erie, Pennsylvania (42.129, -80.085)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a6c498d05679f903

Response Measures

None

Description

President/speculation and embezzlement precipitated suspension; receiver later involved.

Events (3)
1. May 19, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
President Adam Brabender speculated in oil and grain and diverted bank funds, provoking failure and suspension.
Newspaper Excerpt
The Erie County Savings Bank of this city suspended this morning; capital $150,000; liabilities $300,000.
Source
newspapers
2. May 20, 1884 Other
Newspaper Excerpt
When the treasurer opened the safe this morning he found that the time lock had been tampered with and all the funds of the bank were gone; Brabender receipted at the express office for a $10,000 package and fled (then returned).
Source
newspapers
3. May 24, 1884 Receivership
Newspaper Excerpt
He at once signed over to the receiver his entire property... Receiver Brady of the Erie County Bank.
Source
newspapers

Newspaper Articles (23)
1. May 20, 1884 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, May 20, 1884

Click image to open full size in new tab

Article Text

the wool growers of the United States, and the Convention ad journed until 9A. M. to-morrow Financial Affairs in New York, NEW YORK May 19th Stocks opened decline of from to Later Louisville and Nashville declined, due to realizations but subsequently rallied to lt. The sympathy extended to Donnell Lawson & Simpson induced them to sub mit to the proposition of creditors. which will result in their resuming in a few days W. B Scott & Co., brokers, have suspended M Morton dealer in china. has failed for $25,000 Wall street is quiet. Banks in Trouble. ERIE (Pa May 19th The Erie County Savings Bank of this city suspended this morning Capital $150,000 liabilities $300,000. It that the President had been abbling in oil. He is reported to have left the city. PETERSBURG May 19th In of banks. the Planters and Mechanics Bank has temporarily suspended. The the Board of and the that that bank believed has NEW YORK 19th A Application been made order President Dodd require be should he not other banks The Manly Art. Three thou rush, his great the the platform him. The fight rush resumed and pelling force his body rather than by the blow. Dalton bore Goode down tween the ropes, and taking hold of his ankles assisted his fall to the at the same time dealing kick in his di rection. Onlookers again differed Goode whether was Goode hit claimed foul. but while Goode was climb ing back upon the stage Tom Chandler the referee gave the fight to Dalton on the ground that Goode was not on the stage time, while the time-keeper. Mike Mc Donald claimed that the necessary ten seconds had not elapsed. Goode showed the least punishment after the fight Par son Davis was master of Hewitt's Roland for Oliver's Oliver. PHILADELPHIA. May 19th The Sunda Globe of Pittsburg prints the following let to ter from Abram S. Hewitt. in reply Oliver's comments on his tariff bill DEAR SIR your letter of the 15th with profit and but will points. with your deavor to supply omissions. In the brief sional first. duties while mill. the run furnaces, barbed bill Phillips yours. The Louisville Races, 19th The track -dav. but the first The the McGrathania for the lead. Boot Jack maintained to end the Knight was third. lime the for mile Charley made to running the where Luke led and won easily Charley Lucas third. In the for the Kentuck fillies. mile Bi Modestv Highflight At and the mile lengths ahead flight second Bimetta third. The handicap mile and quarter. Carter Harrison Reloc second, third Time 4:10. Claude Brannon Major McCarty and Judge Burnett fell A Ten-Millionaire will May 19th The will of the late Cyrus H Met ormick was admitted to to-day The estate is valued at $10. 000.000 and is devised in trust to widow for five years. at the end of which shall she one-fifth, and his three and two daughters the der If either of the children marries fore the expiration of five years, he or she to receive $100,000. in earnest of the The amount finally bequeathed. itted to make such charitable dona in her judgment the testator would have made if alive. The Dakota Tin Discoveries. CUSTER. May 19th The excitement runs high here over the recent the tin discoveries Assays made on the tin stone taken from several devel mines show an unprecedented percentage of clear tin. A number of Eastern and English capitalists and experts are now here. looking over the field Anxious to Serve their Country. WASHINGTON, May 19th Candidates for positions under the new tablished for Alaska are as thick as peas in pod. The principal candidates for Gov ernor of Alaska State Senator Brown of Amador, and ex Governor Kincaid o Nevada. Oregon furnishes candidate the Judgeship in the person D W

2. May 20, 1884 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, May 20, 1884

Click image to open full size in new tab

Article Text

ERIE, PA. SAVINGS BANK SUSPENDED. ERIE, PA., May 19.-The Erie County Savings bank ofthis city suspended this morning ; capital $150,000; liabilities $300,000. It is said the president has been dabbling in oil. He has left the city. No statement has been made by officers of the Erie bank, except that the deposits were about $360,000. It has wealthy stockholders, and as they are individually liable all claims will doubtless be paid in full. One of the directors, who has been examining its accounts, says there were no grounds for failure, but the president got frightened and precipitated matters by advising his friends to withdraw their deposits.

3. May 20, 1884 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, May 20, 1884

Click image to open full size in new tab

Article Text

AFTER THE PANIC W. B. SCOTT & co. NEW YORK. May 19.-W. B. Scott & Co., brokers, have suspended. ERIE SUSPENSION. ERIE, Pa., May 19-Tre Erie County Savings Bank of this city suspended this morning. The enpital is $150,000 and the liabilities $300,600. It is said that the President has been dabbling in oil. He has left the city. DONNELL, LAWSON & SIMPSON WILL RESUME. NEW YORK, May 19-The sympathy extended to Donnell, Lawson & Simpson induced them to submit a procosition to their creditors, which will result in their resuming in a few days. REVIEW OF THE DAY. Governments are lower. At the third call a firmer feeling prevailed. The stock market was lower, and before the first call & decline of 4@3 per cent took place. This was succeeded by a rally of W@1%. The general market closed firm. Compared with Saturday, closing prices are K@3 per cent lower. FAILED. M. Morton, dealer in obina, has failed for $250,000. Wall street is quiet. No statements of suspended firms have yet been made. SUSPENSION OF & PETERSBURG BANK. PETERSBURG, May 19.-In consequence of heavy runs, the Planters and Mechanics' Bank has temporarily suspended. The notice by the Board of Directors and the President says that if a satisfactory arrangement is made, the bank will be able to pay every cent.

4. May 20, 1884 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, May 20, 1884

Click image to open full size in new tab

Article Text

More Suspensions. (By telegraph to the Dispatch.] ERIE, Pa., May 19.-The Erie County Savings Bank, of this city, suspended this morning. Its capital is $150,000 and its liabilities $800,000. It is said that the president has been dabbling in oil. He has left the city. NEW YORK, May 19.-W. B. Scott & Co., stock brokers. have suspended.

5. May 21, 1884 The Daily Cairo Bulletin Cairo, IL
Article from The Daily Cairo Bulletin, May 21, 1884

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. A letter from Missoula, M. T., gives a gloomy picture of the situation at the Coeur d'Alene mines. A. Morton, a dealer in china and W. B. Scott & Co., brokers, were among yesterday's New York failures. Wm. Craid kicked Thomas Dawson's brains out at Coal Bluffs, Pa., in a street fight caused by an old feud. Mike Cleary knocked Sheriff out of time in one minute and five seconds in a glove contest in Philadelphia. The President of the Erie County Savings Bank, Erie, Pa., dabbled in oil stocks and the bank has burst. The Planters' and Mechanics Bank of Petersburg, Va., has temporarily suspended, but promises to resume. J. B. Moores, of Texarkana, killed a negro with whom he had a difficulty, and who first attempted to shoot him. There will be nearly 1,700 bicyclists in the parade of the League of American Wheelmen in Washington to-day. Fire in the Cincinnati Pipe and Sheet Company's works did $50,000 damage. Two persons were severely burned. Dr. Pitts, of Tangier Island, Va., called Dr. Walter, a rival physician, into his office and killed him on Saturday last. A boller explosion in Stout's mill, near Lewisburg, Ark., killed two men instantly and so injured others. that a third death is reported.

6. May 21, 1884 Daily Los Angeles Herald Los Angeles, CA
Article from Daily Los Angeles Herald, May 21, 1884

Click image to open full size in new tab

Article Text

LATE TELEGRAMS. (SPECIAL TO THE HERALD. Failure and Robbery of the Erie County Mayings Bank by Its President Great Excitement. ERIE, Pr., May 20 This city is in state of great excitement over the failure of the Erie County Savings Bank, with liabilities of 8360,000, nearly all owing to mechanics and poor people. One year ago the President, Adam Brabender, egan speculating, it s aid recently, on a break on oil, he lost $40,000. When the treasurer opened the safe this morning he found that the time lock had been tampered with and all the funds of the bank were gone. In place were the notes of Brabenders to the amount of only half the shortage. Brabender also receipted at the express office for a $10,000 package and fled. The stock holders of the bank claim that the depositors will lose nothing, but there it a great excitement, and runs were begun on three other banks No difficulty was experienced, however, in meeting all demands so far. Frelinghuysen on Chinese Restriction WASHINGTON, May 20 Secretary Frolinghuysen has sent a communication to the Senate Committee on Foreign Re. lations, as also to the House Committee on Foreign Affairs, in which he represeats that a great deal of trouble will be created if the Senate concurs in the House Chinese bill. Among other thing+ he says the passage of the bill by the Senate will be irritating to the Chinese Government and especially to the Chinese Embassy now here. Consideration of Bank Failures WASHINGTON, May 20 The Finance Committee of the Senate postponed for one week the consideration and investi gation of the causes of the failures in New York banks, in order to obtain furth is er information on the subject. It thought that Congressional mv stigation will not be ordered. Election of Editors by the Meth edint Conference PHILADELPHIA, May 20 The Meth odist Conference to-day announced Rev. Dr. J.M. Drickley elected editor of the Christian Advocate. Rev. Dr. Arthur Elwards, the present incumbent, was elected editor of the Northwestern Christian Advocate. Death of the Last of the Napoleon Guard DETROIT, May 20. -Wm. Palmer, an old veteran who attained a national repulation from being the only surviving soldier who guarded Nagoleon at the Island of St. Helena, died at home in Battle Creek, last night. Depositors of Newark Savings Bank Nafe. NEWARK, May 20. The officers of the Savings Institution expect a full pay ment from Fisk & Hatch. Depositors will then receive full payments. Rassell Nage Paying off as Usual. WALL STREET, N.Y., May 20 A report says: Russell Sage, who was laid It down on contracts, revived to-day is ascertained that Sage is paying off as usual Ward Goes Before the Grand Jury NEW YORK, May 20. Ferdinand Ward has been subponead to appear be fore the Grand Jury to-morrow. Disastrous Fire and LONN of Life. KINGSTON, Oat., May 20.-George Peters, a railway laborer, returned home He after a night speut is dissipation. picked up a lighted lamp and started to go stairs. When near the top the lamp fell from his hand and in an in stant the stairway was in a blaze. The flames spread rapidly, making escape for those asleep in the upper part matter of great (difficulty. Mrs. Peters, followed by her two daughters, rushed through the flames and managed to escape, as did also John Peters, a son, and two boarders. Maggie Peters, who had just escaped, discovered that her little sister was still in the burning building and made a des erate attempt to rescue her, but she was overcome by the smoke and was It taken out in an insensible condition is believed her injuries are fatal. Miss Biedger, an invalid, perished in the flames. It is supposed that Peters, who was the cause of the catasprophe, also perished in the flames, together with three boaders, who were so drunk that they did not become aware of their peril until too late. Vanderbill's Arrival in London and Receipt of the Panic News. LIVERPOOL, May 20. Vanderbilt landed this afternoon and proceeded to Loudon. He informed a newspaper representative that his information regard ing the New York panic was incomplete, therefore he was unprepared to comment upon it. He will only mature a plan He action after his arrival in London. could not say what he might have to do. He might possibly have to sell New York Central stock and buy other stocks Vanderbilt stated that his object in coming England was to witness the Derby at Epsom. The news he received may necessitate the alteration of his plans, in which case he may return to America at nearly day. English Capitalists Buy American stocks. LONDON, May 20. The Pall Mall Gazette says: English capitalists bought last week more American stocks than for twelve months past.

7. May 22, 1884 Weekly Phoenix Herald Phoenix, AZ
Article from Weekly Phoenix Herald, May 22, 1884

Click image to open full size in new tab

Article Text

tions for the decisive contest. Logan has A home here but his residence is rented to other parties and he has engaged apartments at one S of the leading hotels as his headquarters. Blaine has also made a contract for a suite of rooms at one of the more retired hotels and is ex= pected to have no less than fifteen friends to assist him. Two private secretaries, three messengers, a stenographer and ten friends, wh may be denominated lobby ists, will be present early in the action to see that the great candidate's interests are not neglected. Arthur quietly established his bureau here a week since and the members of it are almost entirely local people who are not very popular. It is not generally known that Sabin has a mild atact of presidential fever, but such was found to be the case when two of his workers were stumbled upon to-day who incantiously admitted that he was one of the dark horses. Several other candidates and no less than sixty dark horses are actively negotiating for accommodations here during the meeting. LUCKY BALDWIN MARRIED. SAN FRANCISCO, May 20.-E. J. Baldwin, known as lucky Baldwin, was married this afternoon to Miss Lillie C. Bennett, at the residence of the bride's parents. No cards had been issued. The bride is twenty years of age. Baldwin and his bride left for the last this afternoon. BUYING AMERICAN STOCKS. LONDON, May 20.-The Pall Mall Gazette says: The English bought last week more American stocks than in twelve months previous AN EXCITING FAILURE. ERIE, Pa.. May 21.-This city is in a state of great excitement over the failure of the Erie County Savings Bank, with liabilities of $300,000, nearly all owing to me hanics and poor people. A year ago President Adam Bradbender began speculating, it is said, and recently on the break on oil lost $40,000. When the treasurer opened the safe this morning, he found that the time lock had been tampered with, and all the funds of the bank gone. In their place were notes of Bradbens der to the amount of only half the shortage. Bradbender also receipted at the express office for $10,000 in a package and fled. The stockholders of the bank claim that the depositors will lose nothing, but there was great excitement, and runs were begun on the three other banks. No difficulty was experienced, however, in meeting all demands. ACCIDENT-A DEFAULTER. Los ANGELES, May 21.-To-day, at 10 a. m., while digging under a bank on Foyt street, the bank caved in on two men. They were warned that the bank was giving away by other workmen, but only one of them escaped, with a bruised foot, the other, Anthony McDonnell, bes ing completely covered with stones and rubbish, and instantly killed. His remains were dug out, and the body shown to be terribly crushed. The dead man was aged about 36 years and a native of Ireland. The I Coroner's jury gave a verdict of accidental death. 1 M. S. Fay, superintendent of the Los Angeles Gas Works, who disappeared mysteriously about two weeks ago, has been found short in his accounts several thousand doli lars, and it was ascertained that uns less he took the east bound train for Deming on the 8th, all trace of him NO has been lost. I

8. May 25, 1884 The Sun New York, NY
Article from The Sun, May 25, 1884

Click image to open full size in new tab

Article Text

THE CASHIER ARRESTED. Obtatning Money Under False Pretences Just Before the Bank Closed. ERIE, May 24.-R. Pettit, cashier of the defunct Erie County Savings Bank. was arrested this afternoon on complaint of Mr. Liebel. one of the depositors, charged with receiving money under false pretences. Mr. Liebel charges Pettit with receiving his deposit on Monday morning. prior to the closing of the doors of the bank. with the knowledge that the bank's liabilities were much greater than its assets. The checks drawn just before the bank closed were drawn either in tavor of Pettit or of some member of his family, all which goes to substantiate the charge that as fast as deposits came in they were checked out and pocketed by Pottit He entered bail for a hearing on Monday next. The feeling is very strong here. It is reported that Brabonder. the missing President. has sailed for Germany. and that his family will follow. The President leaves an estate valued at $75,000. but the cashier has nothing left, although he WAS wealthy a few years ago, Later.-The fugitivo President of the bank has turned up, having arrived on a night train. He was followed home by a large crowd of depositors. A crowd reached his residence ahead of him. broke in over the yard fence, and became so violent that a squad of police WILH sent out. Meanwhile A messenger had been despatched for Mr. Brabender's attorney and Receiver Brady of the Erie County Bank. Upon their arrival Mr. Brabender informed them that he had come back to face the trouble and had determined to. turn over every cent's worth of property. without any reservation. for the benefft of the depositors of the bank. He at once signed over to the receiver his entire property. valued at nearly $100.000. When this action was announced to the clamorous crowd outside it had n soothing effect. A force of policemen will remain on duty all night at Mr. Brabender's residence.

9. May 26, 1884 The Dallas Daily Herald Dallas, TX
Article from The Dallas Daily Herald, May 26, 1884

Click image to open full size in new tab

Article Text

A Slick Scoundrel. ERIE, PA., May 25.-President A dam Brabender, of the defunct Erie County ERVings back, has returned 10 Erie He admits that he and Cashier Pettis Inst $100,000 in grain and o! speculations. Brabender also admin that he took funds 01 the bent, paid it to friends and left, and exonerates the cashier. He is now in jail for safety. An execution will be issued tomorrow. probably to keep him there, There 18 great feeling against him. The paper in the bank 18 turning out wortbless Brabender has assigned private property valued at $100,000 to creditore, but it will not pay all, and the stockholders will probably lose $200,000 to $250,000, and many will be ruined.

10. May 26, 1884 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, May 26, 1884

Click image to open full size in new tab

Article Text

THE ERIE BANK. Swamped by Speculations of Its President in Oil and Grain. ERIE, PA., May25.-President dam Brabendar of the defunct Erie County Savings bank has returned to Erie. He admits that he and Cashier Pettit lost $100,000 in oil and grain. Brabendar also admits that he took the money of the bank and paid it to his friends and in jail left, and exonerates the cashier. for now is He be will Execution safety. issued to-morrow morning probably to keep him there. as there is great feeling against him. The paper in the bank is turning out to be worthless. Brabendar has assigned his private property, valued at $100,000. to his creditors, but it will not pay them, and the stockholders will probably lose from $200,000 to $250,000, and many will be ruined.

11. May 27, 1884 Savannah Morning News Savannah, GA
Article from Savannah Morning News, May 27, 1884

Click image to open full size in new tab

Article Text

THE ERIE BANK PILFERED. Its President and Cashier Both Speculated With Its Funds. ERIE, PA., May 26.-President Adam Brabender, of the defunct Erie County Savings Bank, has returned to Erie. He admits that he and Cashier Pettit lost $100,000 in grain and oil speculations. Brabender also admitsthat he took money belonging to the bank, paid it to a friend and left, and exonerates Mr. Cash. He is now in jail. The feeling against President Brabender is very strong, as the paper in the bank has proved worthless. President Brabender has made an assignment of his private property, valued at $100,000, to his creditors, but this amount will not cover his indebtedness, and the stockholders will probably lose from $200,000 to $250,000. Many of them will probably be ruined. The Penn Bank Again Closes. PITTSBURG, PA., May 26.-The Penn Bank closed its doors again at 12 o'clock to-day, and posted the following notice on the door: Mr. Riddle, President and chief executive officer of this bank, having become suddenly and seriously ill and unable to communicate with the Board of Directors, it is deemed proper to close the bank, under the existing circumstances, until he sufficiently recovers to be present at an adjustment of its affairs. By ORDER OF THE BOARD. Officers have been placed in charge, who refuse to permit an audience with any of the board. There is great excitement. The crash was brought about by the clearing house throwing out checks amounting to $265,000. According to the statement of the directors the bank has raised $931,000 to pay liabilities of $918,000. It is said that there were $300,000 in certified checks out, which were not included in this amount, and which had to be paid. The banks which had loaned the suspended institution funds to tide it over are amply secured. The news of this second suspension spread rapidly and created intense excitement and surprise, owing to the fact that every one had faith in the ability of the bank to pay all claims against it. The directors positively refused to be interviewed. Large crowds flocked to the bank, and the pavement in front of it was crowded with depositors. President Riddle appeared in his usual health at 10 o'clock this morning, but half an hour later it was given out that he was prostrated by a hemorrhage of the lungs, and since then that he has had three repetitions of the trouble. He 19 lying at the Duquesne Club rooms unconscious, and only slight hopes of his recovery are entertained. Still later it became noised about that his illness was due to an overdose of morphia or chloroform, which he took this morning. Physicians are endeavoring to relieve him of the drug. GREAT EXCITEMENT CREATED. PITTSBURG, May 26, 11 P. M.-When it was discovered that President Riddle, of the Pennsylvania Bank, had taken a narcotic there was great excitement and the Dequensne Club building, where he had been taken, was crowded by anxious inquirers after his condition. A stomachpump was brought into requisition and this evening he recovered consciousness. It was learned that he had been attacked with a severe headache this morning and had taken an overdose of the narcotic. All sorts of rumors are afloat. One is a renewal of the report that the heavily in oil and there has been a debank another lost that speculation, heavy falcation, and that the doors were opened to allow certain depositors to withdraw their deposits. Bank officers are generally dumbfounded by the turn of affairs, and profess to be entirely ignorant of the cause of the suspension.

12. May 27, 1884 Daily Los Angeles Herald Los Angeles, CA
Article from Daily Los Angeles Herald, May 27, 1884

Click image to open full size in new tab

Article Text

Another Thieving Bank President Confesses ERIE, Pa., May 26.-President Brabender, of the defunct Erie County Sav. ings Bank, has returned to Erie. He admits that he and the cashier, Pettit, lost $100,000 in grain and oil specula. tions. Brabender also admits that he took money out of the bank and paid it to friends and left. He exonerates the cashier. Brrbender has assigned his private property, valued at $100,000, to his creditors, but it will not pay them and steckholders will probably lose from $200,000 to $250,000. Many will be ruined. Distinguished Excursion Party. WASHINGTON, May 26.-A distinguished party left Washington at noon to-day for Annapolis. It includes the Pres dent of the Senate, Speaker of the House, members of the Senate and the House Committee on Naval Affairs and Appropriations, Admiral Porter, Lieuteuant-General Sheridan, Ministers of England, Russia, Germany and France and the Mary land members of Congress. Yellow Jack in Havana. HAVANA, May 26.-There were thirteen deaths from yellow fever during the week ending Saturday.

13. May 29, 1884 Weekly Phoenix Herald Phoenix, AZ
Article from Weekly Phoenix Herald, May 29, 1884

Click image to open full size in new tab

Article Text

ERIE COUNTY SAVINGS BANK. ERIE, Pa., May 27.-President Brabender, of the defunct Erie counFy savings bank has returned to Erie. He admits that he and Cashier Pettit lost $100,000 in grain and oil sp. culations. Brabender also admits that he took money out of the bank and paid it to friends and left. He exonerates the cashier. Brabender has assigned his private property valued at $100.000 to creditors but it will not pay them, and stock holders will probably lose $200,000 or $250,000. Many will be ruined. THE UNION PACIF'C PASSES ITS DIVI-

14. May 30, 1884 Burlington Weekly Free Press Burlington, VT
Article from Burlington Weekly Free Press, May 30, 1884

Click image to open full size in new tab

Article Text

RASCALLY BANK OFFICERS. How the Erie County Bank was Robbed. ERIE, Pa., May 25 -President Adam Brabender of the defunct Erie county savings bank has returned to Erie and admitted that he and Cashier Pettit lost one hundred thousand dollars in grain and oil speculations. Brabender also admits that he took the money of the bank and paid it to friends and left. He exonerates the cashier who is now in jail for safety, but an execution will be issued to-morrow morning, probably, to keep him there. There is a strong feeling against him, the paper in the bank turning out worthless. Brabender has assigned his private property valued at $100,000 to the creditors, but it will not pay them all. The stockholders will probably lose two hundred to two hundred and fifty thousand dollars and many will be ruined.

15. June 14, 1884 The State Journal Harrisburg, PA
Article from The State Journal, June 14, 1884

Click image to open full size in new tab

Article Text

General D. B. M'Creary's Loss. General D. B. M'Creary, attorney, and a director of the defunct Erie County Savings Bank, made a deed yesterday to the receiver of all of his real estate, valued at $15,000, for the benefit of the unfortunate depositors. He was Adjutant General of Pennsylvania under Governor Geary, commanded a brigade in the late war. General M'Creary is well-known in Harrisburg, and has many friends here who will not only regret to hear of his losses, but extend hopes that he will retrieve his fortunes and again be prosperous.

16. July 10, 1884 Evening Star Washington, DC
Article from Evening Star, July 10, 1884

Click image to open full size in new tab

Article Text

A BANK PRESIDENT IN JAIL-Adam Brabender, the bank president who wrecked the Erie (Pa.) county savings bank, and who on his return from abroad took retuge from the violent depositors by seciuding himself in the county jail, was last night arrested at the instance of a depositor on a charge of embezzling the bank's funds to the amount of $140,000. Brabender officiated last Sunday at the laying of the corner stone of the church of which he is trustee, and whose funds he drew out of the bank before It suspended. He was committed to the county jail in default of $100,000 ball.

17. July 11, 1884 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, July 11, 1884

Click image to open full size in new tab

Article Text

TELEGRAPHIC BREVITIES. Bowdoin College has conferred the degree of Doctor of Law on Blaine. Best & Co., dealers in children's clothing, in New York, have assigned. Liabilities, $180,000. A Boston dispatch says that Coggswell has presented that city with a fountain, to be located on the Common. The demand for ostrich plumes has increased very much since Blaine was nominated, and the price has gone up nearly one-fourth. A German girl, aged 6 years, arrived in New York Wednesday. She has thick, bushy whiskers. Her parents design her forshow business. A special from London says: It is asserted that Patti proposes to take advantage of the new divorce law in France by immediately applying for a divorce from her husband. the Marquis Caux. George W. Ross, the well-known musician and song-writer, died suddenly of consumption Wednesday at a cheap Bowery lodging-house in New York. He was once a violinist in Dan. Bryant's minstrels. A special from Washington says: It is reported General Swaim intends to resign from the army rather than face A Court-martial. It is thought the President won't accept it, but will make him face the music. President Asa Brabender, who, it is said, caused the wreck of the Erie County Savings Bank and had to take refuge in jail from a mob, was arrested in Erie. Pa., Wednesday. In default of $100,000 bail he was committed to jail. Pat Rooney, the Irish variety actor, is in trouble about money matters in New York. Wednesday he swore that all he passessed were clothes, a watch and a diamond pin. There being judgment against him a receiver was appointed. The Baltimore Manufacturers' Record publishes the semi-annual statement of the progress of the South, showing that during the last six months nearly $70,000,000 had been invested in new industrial enterprises and in enlarging those already established. The New York Times says: Lord Mandeville is in bad odor at Long Branch. He has not paid his betting debts and there is a movement to expel him from the Monmouth Park race course. He is reported ill in the city, having taken sixty grains of quinine.

18. July 30, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 30, 1884

Click image to open full size in new tab

Article Text

CAUSED BY A BANK FAILURE. Why the Supply of Bibles in the Soudan Has Been Suddenly Cut Off. Erie (Pa.) Dispatch. According to report, the failure of the Erie County Savings Bank has had a farreaching effect. The disaster has touched the Soudan with hope-blighting power. The bank. it seems, was made the depository of a fund of $27,000, placed there by Dr. William Gibson, a philanthropist of Jamestown, Pa., for the conversion of the followers of El Mahdi. The Doctor is an immensely wealthy man, and has a hobby for saving the heathen. He has devoted nearly $500,000 for the spread of Christianity in foreigh lands, and, it is asserted, will bequeath a large fortune to Christianizing the earth. In Erie two of the largest blocks in the city were built by him and dedicated to foreign missions, the rent being used for the purchase of Bibles printed in heathen tongues. They are called the Mission Blocks, and on Wednesday of this week one of them came near being the scene of a murder. a young man having been nearly brained by a rival at a dance in one of the rooms. Dr. Gibson was in Erie on Monday, and stated that the $27,000 was intended for Bibles for distribution through Egypt and the Soudan. He was traveling through the land of the Nile a few years ago, and found the natives in a deplorable spritual state. Some of the very Bibles which had been sent out to convert them were worn around the neck, on a string, as ornanients. He then determined to make the Bible better known in Africa, and to that end proposed to flood the Soudan with the gospel. "These poor people will have to go without now," said the philanthropist to the receiver. He appropriates SO much of his wealth to the different Christian projects every year. There are some who think the noble-hearted gentleman's money could be advantageously applied in reforming bank officials. As nearly all the jails and penitentiaries in the State are supplied with Bibles from Dr. Gibson's bounty, and as some cashiers are under indictment for stealing depositors' money, it is possible some good in that direction may yet be effected.

19. October 4, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, October 4, 1884

Click image to open full size in new tab

Article Text

Driven Insane by Loss of Money. ERIE, Pa., Oct. 3.-Leo Schreck and wife and John Flicke had $118 deposited in the Erie County Savings Bank when the bank suspended. The loss of the money drove them insane. Thinking afterwards they were committing a great sin, they inflicted self-flagellation. To-day two officers saw the man and his wife digging a grave in the back yard. The officers entered, and found the people intended to enact the death of Christ, to be followed by killing the children to represent Herod's slaughter of the innocents. All were arrested.

20. October 4, 1884 Daily Los Angeles Herald Los Angeles, CA
Article from Daily Los Angeles Herald, October 4, 1884

Click image to open full size in new tab

Article Text

Insane Antics. ERIE, Ha, Oct. S.-Leo Schrick and wife and John Fleikee had $118 depos. ited in the Erie County Savings Bank when the bank suspended. The loss of the money drove them insane. Thinking afterwards they were commiting a great sin they inflicted self-flaggelation. To-day two offieers saw the man and his wife digging a grave in the back yard of their house. They entered and found that the people intended to enact the death of Christ, to be followed by the killing of their children, to represent Herod's slaughter of innocents. They were arrested and jailed.

21. October 4, 1884 Daily Republican Wilmington, DE
Article from Daily Republican, October 4, 1884

Click image to open full size in new tab

Article Text

# Insaue from Loss of Money. At Erie, Pa., Leo Schreck and his wife and John Flick had $118 deposited in the Erie County Savings Bank, and when that concern suspended, the loss of their money drove them insane. Thinking afterwards, in their insanity, that they had committed some great sin, they inflicted self-flagellation. On Friday two officers observed Schreck and his wife digging a grave in their back yard. The house was entered, when it was found they intended to enact the death of Christ, which was to be followed by the killing of their children to represent Herod's slaughter of the innocents. They are now in custody.

22. June 3, 1885 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, June 3, 1885

Click image to open full size in new tab

Article Text

Two Deaths From Bank Failures. Eur, PA., June 2.-Frank Maguire, a demented depositor of the wretched Erie County Savings Bank, deliberately shot his twelve-year old sister this afternoon, sending a ball through her body and another through her wrist. He had brooded over the lots of his savings until his mind are way. This is the fourth tragedy that has arisen out of the savings bank villainy. This morning Hon Jesse Obersole, one w the principal stockholders in the Humboldt Bank, which recently suspended, died of brain softening. His losses and liabilities as stockholder preyed upon him, caasing death. The demise of the last bank was honorable, that of the former inlamous.

23. June 3, 1885 Evening Star Washington, DC
Article from Evening Star, June 3, 1885

Click image to open full size in new tab

Article Text

TRAGEDIES DUE TO BANK FAILURES.-At Erie, Pa., Monday, Frank Maguire, a demented depositor of the wrecked Erie County Savings bank, shot his twelve-year-old sister through her body and arm. He had brooded over the loss of his savings until his mind gave way. This is the fourth tragedy arising out of the bank villainy. The girl will die. Monday morning Jesse Ebersole, one of the principal stockholders in the Humboldt bank, which suspended lately, died of brain-softening. His losses preyed upon his mind and caused his death.