Home Savings Bank (Norfolk, VA)

Episode Information

Episode UID
8200722391067
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
savings
Bank ID
820072239 hash
Start Date
November 21, 1888
Location
Norfolk, Virginia (36.847, -76.285)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cdf17a56b53e308f

Response Measures

None

Description

Trustee/deed of assignment recorded and later investigations found long-standing insolvency; closure appears permanent.

Events (3)

1. November 21, 1888 Receivership
Newspaper Excerpt
the deputy clerk of the court ... receiving the deed of assignment to George W. Black, trustee.
Source
newspapers
2. November 21, 1888 Run
Cause
Rumor Or Misinformation
Cause Details
Reports/rumors about the bank's credit circulated and precipitated heavy withdrawals.
Measures
Directors posted notice and attempted to reassure depositors; cashier provided statement to board.
Newspaper Excerpt
reports recently circulated affecting its credit produced a run on the bank.
Source
newspapers
3. November 21, 1888 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank closed after run caused by circulated reports about its credit; directors suspended payments to meet demands.
Newspaper Excerpt
The Home Savings Bank of this city suspended this morning.
Source
newspapers

Newspaper Articles (21)

Article from Evening Star, November 21, 1888

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BANK FAILURE AT NORFOLK. The Home Savings Bank Ruined by a Recent Run on it. NORFOLK, Va., Nov. 21. - The Home Savings bank of this city suspended this morning. The reason assigned for the failure by the board of directors is that the reports recently circulated affecting its credit produced a run on the bank. The published statement giving its condition October 4, states among the rescources, loans, and discounts, $276,487; overdrafts, $3,172, and among the liabilities: capital stock paid in $50,000; individual deposits, subject to check, $265,589; demand certificates of deposit, $1,115, and bills payable, $5,000. A director said this morning that from the cashier's statement made last night the board of directors hoped depositors would lose little, if anything. The Home Savings bank was founded upon the ruins of the old Freedman's Savings bank here, and had among its depositors a number of colored people. Its New York correspondents were the Merchant's Exchange, National, and Continental banks. The failure has caused no alarm in banking and business circles.


Article from Alexandria Gazette, November 21, 1888

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ALEXANDRIA GAZETTE AND VIRGINIA ADVERTISER. Failure of a Savings Bank. NEWS OF THE DAY. Shington NORFOLK, Va., Nov. 21.-The Home f the Alera. GAZETTE] Thomas K. Robson, editor of the Easton, Md., Star, is dead. Savings Bank of this city suspended this . C., Nov. 21, 1888. morning. The reason assigned for the failMontgomery, Ala., is now expending tion adopted at the se the consideration $150,000 on a complete system of sanitary ure by the Board of Directors is that reports sewerage. e money collected un recently circulated affecting its credit pro. ASSOCIATED PRESS DISPATCHES. : of 1861, was postMuller, Heizienreich & Edel, importers duced a run on the bank. The published proximo. Its friends and dealers in trimmings, New York city, Attempted Murder in London. statement giving its condition October 4th that day and make a have made an assignment. LONDON, Nov. 21.-Great excitement was It will be rememstates among the resources, loans and dis By the rule of diplomatic precedence at ted at the last session occasioned this morning when it was recounts $276,487, over drafts $3,172, and Washington Hayli is at the head and Great s part of a comparaported that another woman had been mur Britain at the end of the corps. among the liabilities, capital stock paid in democrats. Among dered and mutilated in Whitechapel. The At the recent election in New Hampshire $50,000, individual deposits subject to check from the North, every the democrate cut the republican plurality police immediately formed a cordon around feated at the recent $265,589, demand certificates of deposit $1,down to 2284, against 4,063 in 1884. cans are in favor of the premises and an enormoue crowd soon 115 and bills payable $5,000. A director A relative of Mr. Robert Garrett say8 that I be of every other gathered. It was learned that another mur. stated this morning that from the cashier's it is the intention of Mr. Garrett's family to uce the surplus and der had been attempted upon a low woman statement made last night the Board of have him spend the winter in the South. use for continuing the by a man who had accompanied her to her mocrats are in favor Directors hoped depositors would lose little Gen. Harrison will be 55 years 6 months lodgings, but that in this instance his work B filibustering be again and 14 days old when he is inaugurated if anything. The Home Savings Bank was President of the United States on the 4th had been frustrated. According to the founded upon the ruins of the old Freedof March next. ression among Ken. woman's story the man had siezed her and man's Savings Bank here and bad among enator Blackburn has The Britieh government it is said will struck her once in the throat with a knife. its depositors a number of colored people. ch of Judge Rucker send Lord Sackville to Spain, and his sucShe had struggled desperately and had sucting what the latter Its New York correspondents were the cessor as minister to the United States will t's expressions in receeded in freeing herself from the man's probably be Mr. Plunkett, the present envoy Me chants' Exchange National and ContinNew York before the grasp and had screamed for help. Her to Japan, or Lord Vivian, ental Banks. The failure has caused no at Rucker is no judge cries had alarmed the man and he had fled A Raleigh, N. C., dispatch states that alarm in banking and business circles. at class of people who without ann further miclenace from canvass of the viewa of the demo-


Article from The Portland Daily Press, November 22, 1888

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and Morton and John M. Langston. Langston last always; never Lanzston alone. Every vote stolen from me is one lost to the presidential ticket. My legal majority is from 3000 to 5000. That will give Virginia to Harrison and Morton. The solid South is broken now. Virginia will give Harrison and Morton her vote, and I shall get my seat." President Harrison will not attend any one Washington church exclusively, but will have pews in several of the Presbyterian churches. The Home Savings Bank of Norfolk, Va., has suspended. The directors say that reports affecting the bank's credit caused a run on the institution. Petitions are in circulation in Andover, N. B., to lessen the 15 years' sentence. passed upon the murderers of Mrs. Howe on the Tobique river. William Spencer, a Jacksonville refugee, has turned up in New Haven, Conn.. and, being a little under the weather, has been isolated for a few days. Daniel Dacy, of Boston, who had the contracts for the construction of the Dover, N. H., water works, has thrown them up for want of ready money. The laborers and their boardinghouse keepers are losers. The Belknap County Harrison Club gave a banquet last night at Laconia, N. H., in honor of the victory. Senator Chandler and the Congressmen-elect were among the guests. James H. Wheaton, of North Adams, Mass., brutally beat and mutilated his wife Tuesday night. The woman will probably die. Wheaton was furious because his supper was not ready. The selectmen of Braintree have offered a reward of $500 for the detection and conviction of the murderer of Miss White. This, in addition to the reward offered by the relatives, makes a total reward of $1,000. Secretary of State Walker, of West Virginia, telegraphs to Washington that Goff's claim that he has carried the State is based on falsified returns published in the Wheeling Intelligencer, that Fleming, (the Democratic candidate, is elected governor, and that the legislature is Democratic on joint ballot by one majority. The steamer George W. Clyde, which sailed from New York Tuesday for Monte Christe, San Domingo, had on board 500 cases of rifles and a quantity of ammunition. Mr. Preston, the representative of the Haytian government in New York, claims to haye positive information that these munitions of war are intended for the use of the Haytian insurgents, and he endeavored to prevent their shipment.


Article from New-York Tribune, November 22, 1888

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FAILURE OF A NORFOLK SAVINGS BANK. Norfolk, Va., Nov. 21.-The Home Savings Bank of this city suspended this morning. The reason assigned for the failure by the Board of Directors is that reports recently circulated affecting its credit produced a run on the bank. The published statement giving its condition October 4 gives the following figures: Loans and discounts, $276,487; overdrafts, $3.172; capital stock paid in, $50,000; individual deposits subject to check, $265,589 demand ceruficates of deposit, $1,115; and bills payable, $5,000. A director stated this morning that from the cashiers' statement made last night the Board of Directors hoped depositors would lose little If anything. The Home Savings Bank was founded upon the ruins of the Old Freedman's Savings Bank here, and had among its depositors a number of colored people. Its New-York correspondents were the Merchants Exchange National and Continental Banks. The failure has caused no alarm in banking and business circles.


Article from The Cheyenne Daily Leader, November 22, 1888

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Bank Failure. NORFOLK, Va., Nov. 21.-The Home Savings bank suspended this morning owing, it is claimed, to the report recently circulaced affecting its credit, which produced a run on the bank. The liabilities are estimated at $300,000. The directors say the depositors will probably lose nothing.


Article from San Antonio Daily Light, November 22, 1888

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TELEGRAPHIC BREVITIES. The Laredo Gate City has changed from a morning toan evening paper. It is stated that Emperor Frederick will winter in Italy. The death is announced of the 38th victim of the terrible fire at Rochester. The Home Savings bank of Norfolk, Va., has suspended; assets $279, 639, liabilities $621,704. The duke and duchess of Aosta have left Turin, en route to Berlin. They have been invited to visit Emperor William. It is understood that the Turkish budget shows a defficiency of $7,500,000. The official canvass of the vote of Connecticut shows: Cleveland, 74,910; Harrison, 74,584. Chief Bell of the government secret service, has during the past two days been closing in around a gang of counterfeiters, who have been making dollars and half dollars, and has seven men in jail at Buffalo. The following are the official returns of the vote of Virginia: Cleveland 151,977, Harrison 150,442. There is a democratic loss of 4,606 compared with last term. General Boulanger attended a performance at the Renaissance theatre Tuesday night. The audience recognized him and gave him an ovation. At the papal consistory in December a number of bishops will be created. The nomination of cardinals has been pkstponed until the March consistory, due to the difficulty experienced in the creation of French cardinals.


Article from Wheeling Register, November 22, 1888

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CONDENSED TELEGRAMS. The citizens of McKeesport have projeeted a bridge across the Monongahela at that point. Over 1,000 settlers who have built homes upon the Dea Moines railroad land are to be dispossessed. Write of eviction have already been issued. The great shee shops of C. L. and E. T. Frye, of Marlboro, Mass., have declared war against organized labor. No union men will be employed. There is still no clue to the murderers of Eva Mitchell, who was found dead at Chicago. The flagman, Masterson, is held on suspicion. It is proposed to cut a canal through a bend of the Missouri river at Leavenworth and straighten the channel. Convict labor will be used. It will save thousands of acres of valuable land. John Armstrong, the Grape Creek, III., murderer, is hiding in the recesses of the Danvi le mices awaiting an opportunity to kill the mine bost and engineer. He says he will then give himself up. Jadge E. R. Withers, of Owingsville, Ky., shot and instantly killed a negro desperado named Lewis, whom he caught in his kitchen. The Home Savings Bank of Norfolk, Va., has suspended. Depositors will loose little if anything. The government secret service has uneartbed a gang of counterfeiters near Buffalo, N. Y. Seven of the men are under arrest. Some prominent citizens are involved. The Executive Committee of the AntiSaloon Republicans is in session at New York. Mr. Langtry bas determined to locate in Rhode Island. It is believed the divorce lawa are sufficiently loose for her purpose. e A company has been formed in Germany to build railroads in Venezuela. Vicar General Walch, of the Catholic . Arch-diocese of Philadelphia, is at the point of death. 1, , to Charley Mitchell says that, if Dempacy's 5. backers are really willing to put up $10.00 on their man, he will accept the challenge Georgs Tally killed Dr. J. G Brake near Dickson, Tenn., on Monday night for seducing his daughter, and yesterday h gave himself up,


Article from Richmond Dispatch, November 22, 1888

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A BANK SUSPENDS CONSIDERABLE EXCITAMENT IN BUSINESS CIRCLES IN NORFOLK. The Canse of the Trouble-The Cotton Trade. Navy-Yard Notes-MarriageBriefs. (Correspondence of the Richmond Dispatch.] NORFOLK, November 21, 1888. There was considerable excitement in business circles this morning over the aunouncement of the failure of the Home Savings Bank. Judge George S. Oldfield was president of the bank, having succeeded Congressman Bowden about six months Ago. This bank succeeded the Freedman's Savings Bank here, and did a widespread busi= ness with the colored people, as well as a good business with the retail houses of the city. The directors closed the bank on account of a run yesterday started by rumors of the instability of the concern. A notice was early posted on the doors of the building to-day announcing that the depositors will be paid in full. Heavy failures of business firms in this section within the last few years have affected the bank for some time. At times to-day disgusted depositors, white and black, were quite demonstrative in front of the collapsed Home Bank, the negroes loudly expressing their feelings against the bank managers. Four policement were stationed In front of the bank for a time. The deputy clerk of the court, Julius Solomon, was at his office at midnight last night receiving the deed of assignment to George W. Black, trustee. The liabilities were stated at $200.000 and the State tax for recording the deed was $200. The trustee says the deed 18 to pay in full if the proceeds are sufficient, but, if not, pro rata and without preference, all the debts of the bank, which is somewhat different from the notice to depositors posted on the bank-door this morning. The Seaboard and Roanoke railroad is doing a heavier business in cotton-hauling this season than the read ever handled before, and much of the staple is brought from points in Georgia never reached before by the Seaboard system. One of the large ferry steamers, the Berklev. has been condemned by the Gov. ernment steamboat inspectors, her boilers being worn out. In case of an accident now one of the three ferry lines will be permanently disabled. Seven thousand bales of cotton were received in Norfolk yesterday. The business seems starting afresh and increasing in volume. The warehouses are all full, and theopen lots are being utilized to store it. Norfolk business-men continue much concerned over the plans of President Inman, of the Richmond Terminal, to go to Savannah instead of Norfolk: but all agree that the depression will only be temporary, and that in the natural course of events the business of this port is bound to increase and push ahead. Commissioner-of.the-Revenue John D. Moore, of the county. and Miss Susie Deal were united in marriage at Deep Creek last night. The negroes in the county continue their rioting over the election of Harrison. Two of the northern yacht fleet here-the Nathalie and the Presto-have left for the Carolina sounds. Chief-Naval-Constructor Theodore D. Wil. son returned to Washington last night, haring been at the yard since last Friday. His visit resulted In a great deal of good for the workingmen here. The flazship Pensacola will be placed out of commission next week and her officers placed on waiting orders. The magnificent steam-yacht Sagamore will leave early next week for a winter cruise in the West Indies, She belongs to J. W. Slater, of Providence, R. I., and has just G. been refitted.


Article from The Daily Morning Astorian, November 22, 1888

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killing Cass and Goodkuntz, near the Sac and Fox Indian agency in August 1885. ANTI-SALOON DISCUSSION. NEW YORK, Nov. 21.-The national executive committee of anti-saloon Republicans, are in session with closed doors, discussing the future policy of the organization. A SUICIDE. NEW YORK, Nov. 21.-At midnight an unknown man suicided, by jumping from Brooklyn bridge. The body was not seen again after entering the water. FUNERAL OF UNIDENTIFIED DEAD. ROCHESTER, Nov. 21.-The funeral of six unidentified victims of the big fire, was held to-day. BANK SUSPENDED. NORFOLK, Nov. 21.-The Home Savings bank suspended this morning owing, it is claimed, to a report recently circulated affecting its credit, which produced a run on the bank. Its liabilities are estimated to be $300,000. The directors say deposit. ors will probably lose nothing, PETROLEUM EXPLOSION. NEW YORK. Nov. 21.-An explosion occurred at Bristol this morning on the schooner United which was laden with petroleum. The vessel was wrecked and three men killed. The burning oil floated on the water and caused great consternation among the endangered vessels. KILLED A NEGRO. SHARPSBURG, Ky., Nov. 21.-Judge E. K. Withers gave himself up yesterday, stating he had shot and killed a negro who threatened his life, and those of members of his family, and who had made a motion as if to draw a weapon. e CAN'T AGREE. ST. LOUIS, Nov. 21.-The cattlemen and the butchers are still apart, and it begins to look as though the joint e convention would fall through. The range association members declare they will not meet with the butchers unless the latter agree to abjure all discussion of big jawed beef, etc. K. OF L. INDIANAPOLIS, Nov. 21.-It was decided by the general assembly to day to appoint a committee to investigate a report on the charges against Powderly and other general officers. f The report of the committee of law, and action thereon, occupied the remainder of the forenoon session. It contained nothing of importance. CONNECTICUT'S VOTE. HARTFORD, Conn., Nov. 21.-The official canvass of the vote of Con0 necticut gives Cleveland a plurality of 346. For governor, Morris, Democrat, has a plurality of 1,415; but under the legal requirements that a majority of all votes cast is necessary for election, no choice is made, and the legislature being Republican, will elect Bulkely, Republican. The congressional delegation stands, Republicans 3; Democrats, 1. CATTLE BUSINESS INVESTIGATION. ST. LOUIS, Nov. 21.-The senate committee to investigate the cattle S question, resumed work this mornr ing. The first witness was J. L. e Bush, a cattle man of Colorado City, d Texas. He related the decadence of a prices on cattle, and attributed it principally to over-production. He e had heard of a combination of dressed KS beef interests in Chicago, but did not 2. have a personal knowledge of its exe istence. Witness had no personal a knowledge of discrimination by railroads. d n. A WHITECHAPEL MURDERER FOILED. to LONDON, Nov. 21.-Great excitement n was occasioned this morning when e it was reported that another woman & was murdered and mutilated in d Whitechapel. The police formed a ed cordon around the premises. An at enormous crowd rushed to the vicinby ity in which the crime was committed K8 when it was learned that another murder had been attempted on a low woman by a man who accompanied W. her to a lodging house, but in this instance his work had been frustrated According to the woman's story, he seized her and struck her once on ir the throat with a knife. She strug gled and succeeding in freeing her of self from his grasp, screamed for help. Her cries alarmed the man and he fled without attempting fur ther violence. Some of the neigh bors, who heard the woman's screams, followed the would-be murderer, when he disappeard. The woman says she is fully able to recognize the "man, and gave a description of him est to the police. ns, BASE BALL. NEW YORK, Nov. 21.-The base ball convention convened this morning nt a The work of the joint committees yes. in terday was approved without opposiartion, except on the question of high and low ball, which western men have not taken to. It is now con ne ceded that the Cleveland will succeed the Detroit club. nd An effort was made to drop the error column from the score, but a protest was made by newspaper reuporters and the proposition was voted tia down. Cleveland was admitted to ate succeed to Detroit. Recess was then taken. Their Business Booming. Probably.no one thinghas caused ancli


Article from The Daily Times, November 22, 1888

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ANOTHER NORFOLK BANK BURSTED. Failure of the Home Savings Bank. NORFOLK, VA, November 21.-The Home Savings Bank of Norfolk, Va., closed its doors this morning, when a no tice was posted stating that on account of a sudden run, the bank was unable to realize upon its assets fast enough to meet current demands, and in order to do justice to all depositors it has been decided to close the business. The liabilities, from what can be learned, are about $250,000, and the directors claim that they can pay almost dollar for dollar if the assets are carefully handled. The bank was principally used by small de positors, among whom were many colored people, who will especially suffer from their losses. None of the other banks are affected by the failure and there has been no run on them.


Article from Los Angeles Daily Herald, November 22, 1888

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Savings Bank Suspended. NORFOLK, Va., November 21.-The Home Savings Bank suspended this morning, owing, it is claimed, to a report recently circulated affecting its credit, which produced a run on the bank. The liabilities are estimated at $300,000. A director says the depositors will probably lose nothing.


Article from Fort Worth Daily Gazette, November 22, 1888

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I BANK SUSPENDE. The Home Saviega Bank of monfollr, Vs, Falle, Norfolk, VA, Nov. 21 -The Home Savings Bank of this city suspended this morning. The reason assigned for the fallure by the directors is that reports recently circulated effecting its credit produced a run on the bank. The 01rectore stated this morning that from the cashier's account made trat night the board of directors hoped the depositors would lose little if anything. The bank was founded upon the ruins of the old Freedman's Savings Bank here and hed among its depositors B number of colored people. The New York correspondents were the Merchants' Exchange National and the Continental DACES. The failure has caused DO alarm in banking and busiress circles. Assets, $279,639; liabili tiee, $321,704.


Article from Staunton Vindicator, November 23, 1888

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GLEANED FROM THE MAILS. The real estate sales in Roanoke for the week ending Saturday evening. the 17th inst., aggregated $675,000, exclusive of sales made by private parties. The Danville Tobacco Exposition commenced Wednesday. There is no doubt that the display will be the largest and finest ever seen in Virginia. Mrs. C. F. Farmer, living near Hillsville, Va., on the 9th of November gave birth to a double child, which was united at the hips, with two distinct abdomens, four arms in their natural positions, two perfectly formed legs, and a fifth arm growing from the hip bone on the opposite side from where the legs grow; with a thumb and fore-finger per fectly developed and the rudiments of the other three fingers undeveloped. The child or children from the place of unity are perfectly formed. They lie facing each other and have long hair on each head. They weighed eighteen pounds undressed. The physician in attendance says this is the nearest approach to the famous Siamese Twins he has ever seen. Chief of Police, Morris of Roanoke, shot and killed a drunhen negro who first fired two shots at him, on last Sunday night. Miss Mary Garrett, one of the wealthiest unmarried women in the world, is short and dark, She always wears glasses and dresses in black. A soltaire diamond ring is her only ornament. But all the same Miss Mary knows where to find the coupons to her B. & O. railroad bonds when she has a call for them. The marriage of Mr. H. Rozier Dulany, of Washington, son of the late H. G. Dulany, of Fauquier county, and Miss Ann Willing Carter, second daughter of Colonel Thomas Car ter, of King William, and a niece of Governor Lee, took place Wednesday afternoon, at the Executive Mansion, in Richmond, in the presense of a large assemblage of relatives and friends of the contracting parties. The ceremony was conducted by Right Rev. A. M. Randolph, assistant bishop of the diocese of Virginia, assisted by Rev. Dr. Charle= Min nigerode of St. Paul's. The ten bridesmaids were dressed in white silkand mull with moire, carrying bouquets of yellow and white chrysanthemums, and the bride's costume was white silk over white brocade entraine, trimmed with point lace and pearls, point lace veil. Captain John Spence, the oldest inhabitant of Accomack county, and probably the oldest in the United States, died last Saturday at his home on Sykes' Island. He was born in 1776 and was therefore 112 years old when he died. His first vote for President was for Thomas Jefferson in 1800, and he voted in every subsequent Presidential election with one exception. His mental faculties remained unimpaired to the last and his memory was rema:kably accurate and retentive, especially in regard to matters that occurred about the beginning of the present century. The Home Savings Bank of Norfolk sus. pended last Wednesday morning. The reason assigned for the failure by the Board of Directors, is that the reports recently circulated affecting its credit produced a run on the bank. The directors stated that from the cashier's statement the Board of Directors hoped the depositors would loose little, if anything The Home Savings Bank was founded upon the ruins of the old Freedman's Savings Bank and had among ite depositors a number of colored people. The failure has caused no alarm in banking and business circles. Dr. Henry B. Sands, the eminent surgeon, died suddenly in New York, Monday afternoon, of heart failure, while in his carriage. Dr Sands was in his 59th year. Among the most noted cases with which he has been conneered were those of General Grant and Roscoe Conkling. A few minutes before 12 o'clock, Monday night, the stage of the Richmond Theatre was the scene of a very pretty wedding. Miss Ida Morris, a member of the Zo-Zo Company, was married to Mr. B. Putman, & commercial traveler for a New York house. The ceremony was performed by Rev. Dr. Melville Jackson, rector of Grace Episcopal church of that city, in the presence of a few friends of the contracting parties, outside of those connecte


Article from Richmond Dispatch, November 23, 1888

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CONTINUED. PROBABLE CHANGE OF VENUE IN THE CABE OF EVANS. The Broken Norfolk Bank-What Caused the Run-The Navy-Yard-Personals and Briefs. [Correspondence of the Richmond Dispatch.] NORFOLK, November 1888. The case of John F. Evans, indicted for the murder of Peter McLean, was called in the Corporation Court for trial tbis morning, but there being trouble in obtaining a competent jury the case was continued until tomorrow. The counsel for the prisoner are endeavoring to get a change of venue and the case may be transferred to Portsmouth or the County Court in Portsmouth for trial. Fatal shooting affairs have transpired in such rapid succession here recently that there is now considerable feeling among the people. One of the causes now assigned for the collange of the Home Bank is that it discounted paper here for 9 per cent. and then sent it North and rediscounted it, in many instances having to pay 10 per cent., Baltimore and New York banks carrying the pa. per. A long line of small depositors are sorrowing over their hard-earned savings of years swept away by the broken bank. It is learned that a majority of the largest and most favored depositors found out about the run on Monday and joined in it and succeeded in getting their money out. The largest loss reported is that of a firm which had a balance to its credit of nearly $5,000. The run on the bank was caused by the cashier not having convenient the money on Saturday to discount a note of the trustees of the Bute-Street African Methodist Episcopal church for $1,250 to pay off the hands at work on the church. It is now stated that the bank was insolvent on the 1st of October, when the last quarterly state. ment WAS published. A force of engineers are at work laying off the land and water-front purchased by the Richmond and Danville railroad people last spring below the Naval Hospital. This 18 the point the Chowan Southern road is to occupy, it is said, when it reaches the harbor. A northeast gale has prevailed outside since Monday, and Hampton Roads is full of wind-bound vessels arriving for harbor. It looks as if the gale will continue for several days longer. Commodore George Brown returned from Washington this morning. and reports that active operations will be resumed on the work of the yard next week. The officers of the Keargarge, now in Hampton Roads, are being changed 80 far as those having short sea terms are concerned, in anticipation of three years on the South Atlantic station. Stonewall Camp, Confederate Veterans. of Portsmouth, made a handsome donation last night to the widows of deceased comrades. The first snow spit of the season visited this section last night. It is winter all over to-day, and very uncomfortable after the G. protracted warm spell.


Article from Peninsula Enterprise, November 24, 1888

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VIRGINIA NEWS. Snow fell at Staunton Sunday night to the depth of two inches, followed by sleet and a drenching rain. A prominent trucker of Norfolk county last week shipped five barrels of green peas to the New York market. The Home Savings Bank of Norfolk failed last Tuesday. The failure was due. it is said, to "all unexpected run" upon the bank. The rabbit, partridge, 'possum and coon crop are said to be especially abundant in Virginia this winter-especially the coon crop. There was a great yield November 6th. The real estate transactions at Roanoke for the week ending Sat arday evening last aggregated $675,000. Sales made outside of the real estate agencies are not included in these figures. The annual meeting of the stock holders of the Richmond and Petersburg Raihoad Company was held in the former city Monday.The report of the president shows that the earnings of the road for tue year were $254,464 and the net revenue $98,184 The annual meeting of the stockholders of the Petersburg Railroad, which runs from Petersburg to Weldon, was also held. Tue gross receipts for the year were $415,260 and the disoursements, including dividend on preferred stock $411,296. The Rich. mond and Petersburg Company declared the usual semi-annua! dividend of 3Β½ per cent., payable on the 1st of January sext,and the Petersburg Company declared a dissend of 2 per cent. for the pasta year.


Article from The Progressive Farmer, November 27, 1888

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GENERAL NEWS ITEMS. Yellow fever in Florida is rapidly abating. -The Home Savings Bank of Norfolk, Va., has suspended. -The Forestry Congress of this year will be held in Atlanta, Ga., December 5th. -Minister Jarvis and lady sailed from South America for North Carolina on the 17th inst. -The Board of Agriculture will meet in this city on Wednesday the 5th day of December. -The North Carolina Methodist Conference meets at New Berne on the 28th inst., Bishop Granbury to preside. -It is now given out that the Atlantic Coast Line will not pass into the hands of the Richmond Terminal Company. -While Cleveland is not elected, it is highly probable he has'a majority of the popular vote. -Another substitute for lard IS now made of simple beef suet and cotton seed oil. It is called "cottolene." -A Northern gentleman at Southern Pines is preparing to. test the soil and climate is growing raisin grapes. -The display of tobacco at the Danville Exposition this week is said to be the largest and best ever made in Virginia. -Hon. A. H. Colquitt, of Georgia, was last week re-elected United States Senator. Mr. Grady of the Constitution refused to run. -Gov. Daniel G. Fowle has appointed Mr. John S. Cuningham, of Person county, to the position of Aid, with the rank of Colonel. -North Carolina sends to the next Congress six Democratic and three Republican members, one of the latter being a negro. -It is said that General Mahone and Chairman Quay, have agreed to contest the vote of Virginia for Presidential Electors. -From present indications the Republicans will hold the next National House of Representatives by a' majority from three to five. -A machine has been invented for welding cotton ties. It will be an immense saving to the South if the hitherto cut and useless ties can be thus used. -The clerks of the Auditors department are busy preparing warrants for the large number of pensioners in the State. They will be ready by December 10th. -Mr. Z. W. Whitehead retires from the editorial control of the Greensboro Patriot and Mr. J. B. Hussey takes the chair. THE PROGRESSIVE FARMER extends best wishes. -The coal mines along the Monongahela River have been closed for an indefinite period and seven hundred operatives are turned out to face the stern demands of old winter. -And again old North Carolina with head erect walks off with the first prize in her pocket. The Madison county farmers took it at the Great Danville Exposition, on bright wrappers. -The severest earthquake shocks since 1871 were felt in California and Massachusetts on 19th. inst. In some places in California children are reported to have been rolled out of their cradles. -The annual report of the State Railroad Commission of South Carolina issued on the 20th inst., shows an increase of 38 per cent. in net earnings over last year. What about the net earnings of agricul-


Article from Barton County Democrat, November 29, 1888

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THE family of William Morgan, a white farmer, were poisoned at Summerfield, Ata., recently, some of them probably fatally. They ate food for dinner prepared by a negro servant, and immediately all fell ill. The negro was arrested. SOME excitement was caused at Canadian, Tex, by the returns from Denver, Col., of a piece of gold quartz found forty miles south of Canadian, the rock turning out to bennearly pure gold. Tax house of Jack Gregg, at Leesville, Ky., was burned the other night and all the family, consisting of five persons, perished, except Gregg, who was away from his house on business. JUDGE Rucser on the 21st sent a letter to Senator Blackburn, of Kentucky. to fight a duel. The quarrel grew out of some statements made by Rucker with rΓ©ference to the late election, for which Blackburn said he would like to kick him. INTER-STATE military drill closed at Columbus, Ga, OR the 21st. Prizes were awarded as follows: Southern cadets, Macon, first prize, $1.000; second prize, Witt rifles, Columbus, Tenn, $500; Columbus guards, Columbus, Ga., third prize, 200. O. F. Adams, city treasurer of Macon, Ge., is reported as being about $20,000 short in his accounts. He has been suspended from office. THE Home Savings Bank, of Norfolk, Va., has suspended. THE fourth annual convention of the National Editorial Association was held in San Antonio, Tex, on the 21st. Delegates were present from almost every State in the Union. President M. B. White, of West Virginia, delivered the address. THE official returns of the vote of Virginia are as follows: Cleveland, 151,977; Harrison, 150,442; Cloveland's majority, 1,535. The vote in 1884 was: Cleveland, 145,597; Blaine, 139,356; total, 284,853; Democratic loss, 4,406


Article from The Iola Register, November 30, 1888

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THE SOUTH FIFTY women converts to Mormonism were shipped from Birmingam, Ala., for Salt Lake City under escort of two elders. It was reported that nearly 500 similarly deluded women from East Tennessee and North Georgia will go the same way in a week or two, starting from Chattanooga. THE Kansas City & Southern has issued a notice that it will be opened for business on and after December 1. THE family of William Morgan, a white farmer, were poisoned at Summerfield, Ala., recently, some of them probably fatally. They ate food for dinner prepared by a negro servant, and immediately all fell ill. The negro was arrested. SOME excitement was caused at Canadian, Tex, by the returns from Denver, Col., of a piece of gold quartz found forty miles south of Canadian, the rock turning out to be nearly pure gold. THE house of Jack Gregg, at Leesville, Ky., was burned the other night and all the family, consisting of five persons, perished, except Gregg, who was away from his house on business. JUDGE RUCKER on the 21st sent a letter to Senator Blackburn, of Kentucky, to fight a duel. The quarrel grew out of some statements made by Rucker with reference to the late election, for which Blackburn said he would like to kick him. INTER-STATE military drill closed at Columbus, Ga., on the 21st. Prizes were awarded as follows: Southern cadets, Macon, first prize, $1,000; second prize, Witt rifles, Columbus, Tenn, $500; Columbus guards, Columbus, Ga., third prize, $200. O. F. ADAMS, city treasurer of Macon, Ga., is reported as being about $20,000 short in his accounts. He has been suspended from office. THE Home Savings Bauk, of Norfolk, Va., has suspended. THE fourth annual convention of the National Editorial Association was held in San Antonio, Tex, on the 21st. Delegates were present from almost every State in the Union. President M. B. White, of West Virginia, delivered the address. THE official returns of the vote of Virginia are as follows: Cleveland, 151,977; Harrison, 150,442; Cleveland's majority, 1,535. The vote in 1884 was: Cleveland, 145,597; Blaine, 139,356; total, 284,853; Democratic loss, 4,406. DETECTIVES think that General R. H. Biggar, of Atlanta, Ga., was first murdered in the hotel at Chatianooga, Tenn., by a negro, who then set the building on five. The negro has been arrested with Biggar's money and property in his posssesion.


Article from Alexandria Gazette, February 2, 1889

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THE NORFOLK SAVINGS BANK.-A report of the committee who investigated the af fairs of the Norfolk Home Savings Bank, which recently suspended, shows that that bank had been involved for seven years, during which time it had been two or three times on the verge of suspension, and had only been saved by extraordinary and costly efforts to raise money ; that the officers bad sworn to false statements; that shortly before the suspension the officers had issued a circular eetting forth the prosperity of the bank, and calling upon their friends to subscribe to an increase of $50,000 to the capital stock, and that on the strength of the circular nearly $4,500 had been paid for|worthless shares of new stock; that the officers at the time of the failure owed the bank over $52, 000; that there were turned over to the trustee about $70,000 of claims overdue from three to seven years, of which there is no reasonable prospect of ever collecting one dollar ; yet this $70,000 was part of the 80called assets, which, for years, have been paraded before the public to show the soundness of the bank. The committee say if this is honest banking then God save us from banks. The names of H. C. Percy, cashier, and G. S. Oldfield, H. B. Nichols and H. C. Page, directors, figure: in the re. port, and at the meeting called to consider 10 a motion was made to commence criminal proceedings against them.


Article from Richmond Dispatch, February 2, 1889

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PUSHING THE WORK. THE CHOWAN SOUTHERN RAILROADGREAT EXPECTATIONS. General News Notes in Norfolk and Portamouth-The Broken Home BankPersonal. Correspondence of the Richmond Dispatch.] NORFOLK, February 1, 1889. The Chowan Southern railroad is 80 tar completed that trains are expected to run through from Norfolk to the Roanoke river by the 1st of March, and then the work will be concentrated on that portion of the road between the Roanoke and Tarboro', N. C. The bridge across the Chowan river was finished several days ago, and work going ahead rapidly on the extensive drawbridge across the Roanoke, with its five granite piers and 1.200 feet of trestle-work. Not a day is lost in the construction of the road, and the contractors will all get through on time. The warehouses and wharves here willall be ready in time. Great things are expected of this new feeder by the businessmen of Norfolk. The depositors of the collapsed Home Bank have appointed a committee to take legal steps against the officers of the bank for making false statements and obtaining money under false pretences. The report of the experts stated that the various entries made in the last published statement of the officers were not justified by the facts brought out in the investigation of the books of the bank. The cashier is in Boston. It IS freezing cold here to dar and there WAS a flurry of snow last night. The change is to a certain extent desirable. Mr. Jordan B. Blackburn, a popular merchant of Norfolk. and Miss Fannie B. Spindle, daughter of C-ptain Joseph C. Spir die, of Essex county, were married here last eve. sing. and left on the Chesapeake and Ohio line for the West. Commodore A. E. Bateman is president of the new company organized to operate the Gosport cotton-docks and the Seaboard compress-works. in this city, All this property sold for less than half of what it was valued at when the Exchange National Bank failed. Mr. Charles H. Johnston, a popular busi. ness- and hotel-man of this city, has been appointed manager of the Ocean House. in Portsmouth, for the Atlantic and Danville railroad. During last month there were thirty-one marriages in this city: in Norfolk county twenty-six, and in Portsmouth nine. William Mitchell (colored), of this city, has been arrested and committed to jail in Suffolk for a forgery committed here. This morning Detective W. Wilbern left for Lynchburg with a twelve-year-old runaway named Harvey Miller, who has been at work in a feed store here for three months. During last month there were thirty-one deaths in Portumouth. The city is thronged with strangers and the hotels are all full. R. T. K. Bain and L. W. Buskey are on their way to the Albany peuitentiary. This morning United States Commissioner C. T. Barry sent on for trial a negro man named Andrew Wright, charged withfalsely representing bimself at the post-office and obtaining possession of A letter belonging to another party and containing $58, which money Wright spent in spreeing. Captain Mordecai, of the police department, arrived to-night from Wilmington, N. C., with the forger Barnes. The captain and crew of the disabled teamer Rescue arrived here to-day from North Carolina. The rescue will be towed LO Philadelphia for repairs.


Article from Richmond Dispatch, February 7, 1889

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RAILROAD BOOM. THE CHOWAN SOUTHERN AND ATLANTIC AND DANVILLE. The Cold Snap and the Norfolk TruckersThe Ferry Trouble-Other Notes. [Correspondence of the Richmond Dispatch. NORFOLK, February 6. 1889. The authorities of the Chowan Southern railroad will be in Portsmouth within a few days to select a site for a passenger depΓ΄t and a route into the city from their main track at Pinner's Point. A committee of the City Council bas been appointed to meet the said officers and extend to them every facility needed to get the road to Portsmouth. The Chowan Southern 18 not asking anything of the city, but pay 38 they go for everything, and their entry into Portsmouth will be warmly welcomed by the peopio. It is expected that the Atlantic and Danville trains will be running into Portsmouth by the 1st of the month, and possibly sooner. The branch read to run Southwest Virginia coal into the navy-yard to supply the United States navy was completed yesterday. The cool snap is on and the truckers are apprehensive that their green peas, early cabbage, and plants will suffer. The United States dispatch-steamer Fortrme sailed this morning from the yard for Washington and Annapolis with stores. She arrived from the League-Island yard yesterday. The steam ferry between West Norfolk (mouth of the Western Branch) and Norfoik will be abandoned on the first of the month according to the terms of the contract between the Atlantic and Danville railroad and the city of Portsmouth. There is a dead-lock in the county Board of Supervisors over the lease of the ferries and no meetings can be held. The refractory members will be proceeded against in the courts for obstructing public business. The Home Bank failure was before the grand jury in the Corporation Court to-day, and Mr. Thomas ou, one of the experts employed by the depositors to investigate the affairs of the bank, and Trustee George W. Black are before the jury. It is impossible to tell what the result of the examination will be. Wreckers have made an examination of the cabin and hold of the expsized Mathews schooner C. R. Oliver, but failed to discover anything of the four men lost on the schooner. Their bodies must have been carried out to sea. The work of fitting out the United States flagship Pensacola is entirely suspended and has been so for a month. If the deficiency bill is not passed the Pensacola will not be able to leave for her station in China until September. The sum of $6,000 was allowed this month in the construction for work on the gunboat Petrel and training-ship Jamestown. The improvements going on about the yard keep a good force employed in the yards and docks department just at present. The Board of Police and Fire Commissioners of Portsmouth resigned in a body last night on account of the Council refusing to furnish necessary equipments to the force. The grain business of Norfolk is rather G. light at present.