8187. Jewelers National Bank (North Attleboro, MA)

View Charter #7675 on SPMC

Bank Information

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

Metadata

Model: gpt-5-mini
Short Digest: 2a83579e

Response Measures

None

Receivership Details

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

Description

No article describes a depositor run or heavy withdrawals as the immediate cause. The bank failed to open after the cashier's sudden death and an examination revealed misuse of funds by the cashier; examiners and directors applied for a receiver and the Comptroller appointed one. The Jewelers' National remained in receivership and was liquidated (stockholders assessed); a new institution (Manufacturers' National) was later organized in the same quarters, but the original Jewelers' National did not reopen. Dates are taken from contemporaneous newspaper reports (Dec 18–21, 1907).

Events (6)

1. March 31, 1905 Chartered

Source: historical_nic

2. December 18, 1907 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier Frederick E. Sargeant found dead; examination revealed he exceeded his authority and made unauthorized loans and diverted funds causing insolvency.
Newspaper Excerpt: The Jewelers National bank ... failed to open for business today. Bank examiners are examining the accounts of the institution.
Source: newspapers

3. December 20, 1907 Receivership

Source: historical_nic

4. December 20, 1907 Receivership

Newspaper Excerpt: It was learned that Harry F. Currier, bank examiner, [was] appointed receiver ... The directors ... decided to-night to make application to the Controller of the Currency for the appointment of a receiver. ... the bank is insolvent . . . the only proper course is to ask ... for the appointment of a receiver. (Dec. 19-20, 1907).
Source: newspapers

5. January 9, 1908 Other

Newspaper Excerpt: North Attleboro Bank to Reopen ... the bank might be expected to re-open later on a basis agreeable to all. The idea of a new bank had been abandoned. (Jan. 9, 1908). (Note: this refers to discussion of reopening but the original Jewelers' National remained in receivership and was liquidated; a new bank (Manufacturers' National) later opened in the same quarters.)
Source: newspapers

6. April 1, 1908 Other

Newspaper Excerpt: the Manufacturers' National bank, the newly organized institution, which will be opened on April 1 in the quarters formerly occupied by the Jewelers' National bank.
Source: newspapers

Newspaper Articles (24)

1. December 18, 1907 Santa Fe New Mexican Santa Fe., Santa Fe, NM

Article from Santa Fe New Mexican, December 18, 1907

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

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

Article from The News-Democrat, December 20, 1907

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

3. December 20, 1907 Evening Star Washington, DC

Article from Evening Star, December 20, 1907

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

4. December 20, 1907 New-York Tribune New York, NY

Article from New-York Tribune, December 20, 1907

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JEWELERS NATIONAL INSOLVENT North Attleboro Pank Directors Will Ask for Appointment of `eceiver. North Attleboro, Mass., Dec. 19.-The directors of the Jewelers' National Bank, which has been closed for the last two days. since the sudden death of its vice-president and cashier, Frederick E. Sargeant, decided to-night to make application to the Controller of the Currency for the appointment of a receiver. The report of Henry E. Currier and Alfred Ewer, bank examiners, caused the decision. Alfred H. Wiggin, of New York, president of the bank, issued the following statement: The report made to-day by National Bank Examiners Currier and Ewer, as a result of their further investigations into the affairs of this institution, convinced them (the directors) that as a result of the personal transactions of the late cashier the bank is insolvent, the complications are many and far reaching and that in justice to all the only proper course is to ask that application be made to the Controller of the Currency for the appointment of a receiver. President Wiggin declined to add anything to this statement in the way of explanation, and the other directors also refused to talk regarding the situation. No statement regarding the amount involved in the transactions of the cashier referred to in the notice issued by President Wiggin was obtainable to-night. A statement regarding the cause of the death of Mr. Sargeant was given out to-night by the family physician, Dr. Willis L. Hale. It says: As a statement has appeared in some out-of-town papers that Frederick E. Sargeant committed suicide, it seems proper at this time that I, as his family physician, as well as the one who probably knows more details regarding this sad affair than any one eise, should state that I have not seen anything which is proof. in my mind, that my friend, Mr. Sargeant, died of other than accidental drowning.

5. December 20, 1907 The News-Democrat Providence, RI

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

6. December 21, 1907 New-York Tribune New York, NY

Article from New-York Tribune, December 21, 1907

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

7. December 21, 1907 The Barre Daily Times Barre, VT

Article from The Barre Daily Times, December 21, 1907

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

8. December 21, 1907 Waterbury Evening Democrat Waterbury, CT

Article from Waterbury Evening Democrat, December 21, 1907

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GROWING WORSE Shortage In Account of North Allieboro Bank Will Reach $250,000. North Attleboro, Mass., Dec. 21.Although no official statement concerning the extent of the difficulties of the Jewelers' National bank of this town was forthcoming to-day it was generally understood that the institution is much more deeply involved than was supposed at first. It was estimated last night that the shortage in the bank's accounts would not fall far short of $250,000 and this estimate was not lessened to-day. Practically every one of the manufacturers and merchants of North Attleboro and Attleboro Falls is affected by the suspension of the bank. It was feared that some of the jewelry factories might be ofrced to suspend operations on account of not having money with which to pay the employes, but through the assistance of banks in Providence and Pawtucket the manufacturers were able to meet all pay roll demands. Thesecret societies and fraternal organizations generally have been badly crippled financially through the bank's suspension. Among the societies particularly hard hit is Mirimichi tribe, the local lodge of Red Men, which had made plans for the erection of its own building, shares to the value of $15,000 having been sold to members, and the greater part of the money col. lected was deposited at the Jewelers' bank.

9. December 21, 1907 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, December 21, 1907

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

10. December 22, 1907 New-York Tribune New York, NY

Article from New-York Tribune, December 22, 1907

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Washington, Dec. 21.-Charles G. Bancroft, of Natick, Mass., has been appointed permanent receiver of the Jewellers' National Bank, of North Attleboro, Mass., which recently suspended.

11. December 24, 1907 The News-Democrat Providence, RI

Article from The News-Democrat, December 24, 1907

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DEAD CASHIER BELIEVED TO HAVE HIDDEN $100,000 connection with the action brought ferred to, in the belief of the receiver, was either deposited with the defendants by Harry F. Currier, temporary receiver by Sargeant himself or taken possession of the Jewelers National bank of North of by them since the death of the cashier. Attleboro in the United States circuit Investigations in connection with the court yesterday to restrain the widow wrecking of the bank continued today, and other relatives of the late cashier especially with reference to ascertaining of the bank, Frederick E. Sargeant. from the movements of Mr. Sargeant previous making any withdrawals from safe deto his death. Evidence has been discovposit boxes, it was learned today that ered, it is claimed, to prove that Sargeant the receiver alleges sequestration of the was seen frequently in company with bank's property. brokers having offices in Pawtucket and In the petition filed with the court Mr. that apparently he was on friendly terms with them. Currier said that he believed the defendIt is believed that $1000,000 has been ants named by him, Marion E. Sergeant, the widow; Charles W. Sargeant, brother "salted" away in institutions hereabouts. Firms who have been affected by the of the cashier, and Edward E. Morgan, father of Mrs. Sargeant, hold keys to desuspension of the bank today sent circuposit boxes in Providence and Pawtucket lar statements to persons having credit institutions in which have been placed with them, asking them to make payments as promptly as possible, as the securities, assets, moneys, etc., belonging to the Jewelers National bank. The funds of the concerns were tied up by petition also states that the property rethe bank's failure.

12. December 25, 1907 Ellsworth American Ellsworth, ME

Article from Ellsworth American, December 25, 1907

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Tuesday evening. Miss Safford, the reader, who was expected to be present, is unable to come on account of the critical illness of her mother. Among those who are home for Christmas are Misses Sophie Walker, from Boston, Harriet Rollins, from Shelton, Conn., Bernice Giles, from Boston, Grace C. King, from Cuester, Mass., Georgie C. Foster, from Wellesley, Margaret Dresser, from Boston, Helene Bellatty, from Waterville, Paulene Foster, from Concord, Mass., Ralph M. Holmes, from Orono. George Brown, the crazy sailor, continues to haunt the Bangor police, who are still laboring under the delusion that he escaped from an Ellsworth officer while on his way to the asylum at Bangor. The Bangor News Friday said Brown applied to the Bangor police for shelter, and was being held for the Ellsworth authorities. On Brown's first visit to Ellsworth, over a week ago, his peculiar actions placed him under suspicion, and City Marshal Finn saw him safely aboard a train bound for Bangor, presumably on his way to his home in Rockland. This is the only foundation for his escape from the Ellsworth police, Brown was back in Ellsworth again Saturday, but did not remain long. Frederick E. Sargent, vice-president and treasurer of the Jeweler's national bank of North Attleboro, Mass., who was found dead in the bath tub at his home there/Tuesday night of last week, married, three years ago, Miss Marion Morgan, daughter of E. E. Morgan, of Auburndale, and well known in Ellsworth. The death of Mr. Sargent was under circumstances which suggest suicide. It followed the visit of the bank examiner, who began work on the bank's books the day before. The bank has been placed in the hands of a receiver. A statement issued by the directors is to the effect that "as a result of further investigations into the affairs of this institution, they (the directors) were convinced that as a result of the personal transactions of the late cashier, the bank is insolvent, the complications are many and far reaching, and in justice to all, the only proper course is to ask for the appointment of a receiver." The shortage is estimated at $250,000. Rev. Ralph E. Conner, officiating at the funeral, said: Every person in the town knew and loved Mr. Sargent, and his memory will always be revered, even though there might have been happenings that would throw a shadow over his life. The people of the town are a unit in showing their sympathy to the members of Mr. Sargent's family in their time of trouble."

13. December 27, 1907 The Big Sandy News Louisa, KY

Article from The Big Sandy News, December 27, 1907

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

14. January 7, 1908 The News-Democrat Providence, RI

Article from The News-Democrat, January 7, 1908

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JEWELERS' BANK FINDS $75,000 The liabilities of the Jewelers' National bank of North Attleboro were reduced $75,000 yesterday by the return of a certificate of deposit for that amount delivered to the receiver of that bank, Mr. Bancroft by the Roger Williams Fire and Maine Insurance company of this city, if statements made in North Attleboro are correct. Neither the insurance company's officers nor the bank's receicer were willing to make any statement pertinent to the matter each referring inquirers to the other. In North Attleboro it is stated that the certificate is one of those issued by the late cashier, Frederick E. Sargeant, and never entered upon the books of the institution. The matter has been the subject of several conferences between the receiver and the officials also of the insurance company. the outcome of which is that the certificate has been returned to the bank, reducing the liabilities of the North Attleboro institution by $75,000. A report was received from North Attleboro late yesterday afternoon stating that the Roger Williams company was obliged to reorganize after which there was a resubscription of the company's stock and a rewriting of the company's insurance upon the property, as the certificate surrendered represented the company's capital stock. The officers elected by the Roger Williams company, are said to be as follows: President, William M. Hall, North Attleboro; vice president, William P. Huntington, Providence: secretary and general manager, Arthur T. Parker. North Attleboro; directors, Albert H. Humes, former mayor of Pawtucket: Charles Orr, South Attleboro, and the president, vice president and secretary above named.

15. January 9, 1908 The News-Democrat Providence, RI

Article from The News-Democrat, January 9, 1908

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

16. January 10, 1908 Daily Kennebec Journal Augusta, ME

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

17. January 15, 1908 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, January 15, 1908

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

18. January 15, 1908 The News-Democrat Providence, RI

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SURETY COMPANY PAYS $20,000 BONDS North Attleboro, Mass., Jan. 15.-The fact that Frederick E. Sargent, the late cashier of the Jewelers National bank of North Attleiboro, which is now in the hands of a receiver, had been hypothecating the funds of the bank, became definitely known when the surety company which furnished his bonds paid $20,000 to the receiver, the full amount of the bond. This money will aid greatly in paying the depositors of the bank, and it is now hoped that all will be paid in full. DIVERTED $100,000. Judge Frederick E. Byram was appointed administrator of the estate of the late Frederlok E. Sargent, by the probate court in Taunton this morning. His bonds were fixed at $20,000. C. G. Bradford, receiver of the bank, said that he had no doubt but that either of the two men suggested was suitable. He said that Sargent's estate was insolvent and that the cashier had diverted from the bank funds in excess of $100,000. Frederick S. Hall, representing William A. Miller, a creditor to the extent of $20,000, also advocated the appointment of Judge Byram. e

19. January 25, 1908 The Barre Daily Times Barre, VT

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RECEIVER REPORTS. On the Defunct Jewelers' Bank of North Attleboro, Mass. Washington, D. C., Jan. 25.-The first report of the receiver of the Jewelers' National bank of North Attleboro, Mass., shows the liabilities of the bank appearing upon the books as $799,721.40. The amount of the liabilities of the bank which do not appear upon the books the receiver is unable to state at present. The assets at the time of suspension were $912,633.27, of which the receiver estimates $624,344.64 as good, $165,045.18 as doubtful and $123,443.45 as worthless.

20. January 26, 1908 New-York Tribune New York, NY

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

21. February 1, 1908 Evening Star Washington, DC

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

22. February 15, 1908 The Washington Herald Washington, DC

Article from The Washington Herald, February 15, 1908

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PARAGRAPHS BY WIRE. Fishkill Landing, Feb. 14.-The roundhouse and machine shops of the Central New England Railroad here were burned last night. Loss over $100,000. Guthrie, Okla., Feb. 14. - -The house yesterday killed the hotel bill. which required nine-foot sheets on beds and provided a penalty for using cracked cups. Rochester, N. Y., Feb. 14.-For twentyfour hours Western New York has been in the grip of a rainstorm that has so melted the snow that many streams are overflowing. New York, Feb. 14.-In the fall of a scaffold fifty feet high on the prison of the East Sixty-seventh street station to-day, John Munroe, a bricklayer. sustained fatal injuries. Kansas City, Mo., Feb. 14.-Mrs. Clara C. Hoffman, president of the Missouri W. C. T. U., is dead after a long illness, aged fifty-five. She was well known as & national temperance worker. North Attleboro, Mass., Feb. 14.-Directors of the suspended Jewelers' National Bank, of North Attleboro, have voted to form a new bank at once, with a capital stock of $100,000 and a paid-in surplus of $25,000. Chicago, Feb. 14.-Thomas Jefferson McNally, a Democratic leader in the First ward, is dead of heart disease. He was born sixty-four years ago in Brooklyn. He was proud of the fact that he had a hand in building the Monitor. Queenstown, Feb. 14.-Charles M. Schwab. who arrived here to-day, denied a New York report that he is on his way to Russia. He says he is going to London, will remain there a week, and then will return to the United States. New Haven, Conn., Feb. 14.-William Buchanan, alias Charles E. Peterson, wanted for burglary in Boston on January 11, has been arrested here. In his room was found a large amount of silverware, some of which was engraved "Cabot." New York, Feb. 14.-Seven passengers were severely hurt to-day in a head-on collision between trolley cars on the trestle over the tracks of the New York and New Jersey Railroad at Hackensack. Michael Egan, a motorman, was pinned in the wreck and had a leg cut off. Guayaquil, Ecuador, Feb. 14.-A revolutionary movement at Manabi has been nipped. The soldiers of the garrison there were approached by certain individuals, who tried to bribe them to start a revolution. The troops resented this effort and denounced the agitators to the authorities. The plotters were arrested. Paterson, N. J., Feb. 14.-Unable to find work, and with no money in the house with which to buy food for his seven children and his wife, William Farrell, of 21 Belmont avenue, has notified the poormaster that he is unable to bury his little child, who died yesterday. Poormaster O'Neill has taken up the case, Food will be provided for the other children. New York, Feb. 14.-James C. McReynolds, the government prosecutor conducting the suit against the American Tobacco Company, announced to-day that he had concluded the taking of testimony and the government rested. Counsel for the defendant corporations said that they would defer any decision on further steps to be taken until Monday, February 24.

23. March 19, 1908 The Barre Daily Times Barre, VT

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ANOTHER DIVIDEND. Will Be Declared on North Attleboro, Mass., Bank. North Attleboro, Mass.. March 19.Charles D. Baneroft, receiver of the Jewelers' National bank, announced yesterday that within three months he will probably be able to pay a dividend of 30 per cent. to depositors. This dividend will be in addition to the dividend of 60 per cent. recently declared. The new dividend will be paid through the Manufacturers' National bank, the newly organized institution. which will be opened on April 1 in the quarters formerly occupied by the Jewelers' National bank.

24. December 15, 1908 Daily Kennebec Journal Augusta, ME

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CONDENSED DISPATCHES. Checks for payment of another 10 per cent. dividend, making 95 per cent. in all, to the depositors of the Jewelers' National Bank of North Attleboro, Mass., have been sent to Washington for signature by Charles G. Bancroft. the receiver of the bank. It is expected that the checks will be distributed during the coming week, which will give the depositors nearly their entire amount, within a year from the time the bank collapsed. Sixty winners of the drawings for homesteads on the Rosebud reservation formed a permanent association Sunday at Chicago. The chief problem submitted to the single men follows: "Would you marry a girl to go out into new country and build a home with you with the chance of having to live for the first five years of your married life on farms separated by 30 miles of prairie?" Committees were formed to deal with the difficulties confronting the prospective settlers.