National Marine Bank (Oswego, NY)

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Episode Information

Episode UID
82100949
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
8210 national
Charter Number
821
Start Date
January 28, 1879
Location
Oswego, New York (43.455, -76.510)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f717ee1d27ee1d4a

Response Measures

None

Events (3)
1. February 18, 1865 Chartered
Source
historical_nic
2. January 25, 1879 Voluntary Liquidation
Source
historical_nic
3. January 28, 1879 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders resolved to go into liquidation because of high taxation and low interest rates; bank to close and wind up affairs.
Newspaper Excerpt
The stockholders of the National Marine Bank, owing to the low rate of interest and high taxation, have resolved to go into liquidation.
Source
newspapers

Newspaper Articles (13)
1. October 4, 1873 National Republican Washington, DC
Article from National Republican, October 4, 1873

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# SHALL THE BANK SUSPENSION CONTINUE It is very much to be feared that the banks will over-do the "financial business" in main-taining themselves in a state of slege against the demands of the business necessities of the country, and by a protracted suspension of business excite a feeling of uneasiness and alarm in the public mind. It may have been necessary immediately following the financial crash of September 26 and 27, and the con-sequent panic produced in the popular mind, to adopt such measures as were calculated to prevent a positive breaking up and ruin of legitimate commercial business; but the feel-ing is now rapidly gaining ground that no real necessity exists for the banks maintain-ing closed doors against the payment of the demands of those who have entrusted money deposits to their keeping. So long as the necessity for this embargo was patent the public acquiesced in it; but it is becoming a matter of doubt whether the time has not ar-rived when the banks should manifest a dis-position to return to the normal condition of affairs. In a case of this kind a mere doubt in the public mind becomes a positive and threaten-ing danger, a danger as pregnant with dire-ful results to the banks as to the industrial and commercial interests of the country. There is certainly nothing in the present situ-ation to warrant the banks in maintaining an almost absolute suspension of payment; and the fact that some of these monetary institu-tions, by a little business enterprise, have continued to pay all demands of their patrons furnishes some justification for this view. We believe there should be at least some re-laxation of the established embargo, if not a full resumption of payments; and it is to be hoped the banks will act in such a manner as not to permit the impression to get abroad that they are taking advantage of a mag-nanimous public indulgence to speculate upon the people. Every day this suspension is maintained adds to the danger of the situation. Mechan-ical and manufacturing establishments are being forced to stop operations and discharge their workmen because of the maintenance of the bank suspension, and the mechanics thus deprived of their sources of daily supply when applying to the banks and savings in-stitutions for their savings against an emer-gency of this character are turned away empty handed. Herein lies the great danger of the situation now. It will not do to per-mit this state of affairs to continue. If the banks fail to meet the emergency the emer-gency may overwhelm the banks in the com-mon disaster that is threatened. In connec-tion with this matter the following paragraph, from the St. Louis Democrat, is pertinent and timely: "Resumption is the sure refuge of the banks; it will save them from the disasters of the whole-sale depreciation of securities and products which a protracted suspension would almost cer-tainly precipitate; it will save the dry goods and grocery merchants from the reflex surge of the derangement, which, if not arrested, may over-whelm them; it will save the banks from the cold, settled distrust which will certainly creep into the public mind if the suspension continues; it will rescue trade from its present idleness, and it will save the country from the serious peril of a shinplasterinundation. We say nothing here about the bankruptcy act further than this: that any Congressional relief for violations of it will necessarily be impartial. If it extends to the banks, it will have to extend to the debtors of the banks also, and thus in the end it might do more harm to a solvent bank than good. The New York banks suspended on Thursday, the 24th inst., and their fourteen days' limit under the act will terminate on the 8th of October. In all seriousness, we do not believe it will be safe for them to delay their resumption beyond that day. It would be better if they begin it before, for there is no conjecturing what feeling the present suspense of the public mind may result in."

2. January 28, 1879 Daily Globe Saint Paul, MN
Article from Daily Globe, January 28, 1879

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Breaking Banks. CINCINNATI, Jan. 27.-The First National bank, of Granville, Ohio, has suspended. Depositors will be paid in full. Holders of the bank's paper will be losers. BOSTON, Jan. 27.--It is stated that the Needham Savings bank closed, owing to a lack of business. OSWEGO, Jan. 27.-The National Marine bank will be closed besause of the high rate of taxation and low rate of interest.

3. January 28, 1879 Gold Hill Daily News Gold Hill, NV
Article from Gold Hill Daily News, January 28, 1879

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Banks Closing. BOSTON, Jan. 28.-It is stated that the Weedham Savings Bank will be closed, owing to a lack of business. CINCINNATI, Jan. 28.-The First National Bank of Granville, Ohio, has suspended. Depositors will be paid in full, but the holders of the bank's paper will be losers. OSWEGO, N. Y., Jan. 28.-The National Marine Bank will be closed because of the high rate of taxation and low rate of interest.

4. January 28, 1879 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, January 28, 1879

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FINANCIAL. BOSTON, Mass., Jan. 27.-11 is stated that the Needham Savings Bank will be closed, owing to a lack of business. CINCINNATI, 0., Jan. 27.-The First National Bank at Granville, 0., has suspended. The depositors will be paid in full, but holders of the bank's papers will be the lusers. Oswado, N. Y., Jan. 27.-The National Ma. rine Bank is to be closed. Cause, the high rate of taxation and the low rate of interest. Special Disputch to The Tribuna. AUROBA, III, Jan. 27.-William Lawrence & Co., dealers in dry goods, closed their doors this morning. The firm was composed of William Lawrence, Lywan Baldwin, and M. A. Higgins, and bad transacted a large business for many years la the West Division of the city. It is believed their assets will be 63 cents and perbace 100 to the dollar of indebtedness. They have the respect and sympathy of the entire community in their misfortune.

5. January 29, 1879 New-York Tribune New York, NY
Article from New-York Tribune, January 29, 1879

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FAILURE AT ALLENTOWN. ALLENTOWN, Penn., Jau. 28.-M. J. Kramer, for many years the largest dry goods merchant in this city, had his store closed by the Sheral, and will be sold out on Saturday. His indebtedness IS about $15,000, due mostly to Philadeiphia and New-York froms. SUSPENSION OF A NATIONAL BANK. CINCINNATI, Jan. 28.--The First National Bank of Granville, Ohio. has suspended. The depositors will be paid in full. Holders of the bank's paper will be losers. BANK TO GO INTO LIQUIDATION, OSWEGO. N. Y., Jan. 28.-The stockholders of the National Marine Bank, owing to the low rate of interest and high taxation. have resolved to go into liquidation. The bank 13 solvent. AN INSOLVENT GROCERY FIRM. CINCINNATI, Jan. 28.-A dispatch from Loudonville, Ohio, says the store of P. J. Black & Co., grocers at that place, was locked up by the sheriff. on the 234 inst., and all valuable property was put under levy. on a judgment in favor of the Londonville Banking Company. A fight is now on hand by the other credit. ors to defeat this priority. The firm is Insolvent. Liabilities about #25,000; assets. $15,000. The creditors are chic flv farmers. FRAUDULENT BANKRUPTS ARRAIGNED. BOSTON. Jan. 28.-Albert C. Andrews and James W. Coltman were arraigned to day, charged with conspiring to defraud their creditors, and were each held in $3,000 ball for trial.

6. January 31, 1879 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, January 31, 1879

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burg shows an increase in its net earnings last year as compared with 1877 of $1,079,062. A small deficiency is shown in meeting all liabilties on the lines west of Pittsburg, but it is much smaller than in 1877. Ex-Governor Hartranft, of Pennsylvania, is now Major-General of the National Guard of that State. A confectionery establishment was detroyed by fire at Milton, Pa., on the 24th, and during the fire an explosion occurred which killed one man and injured several others. The convicted ex-officials of Warren County, N. J., have been sentenced to terms at hard labor in the State prison, ranging from one to four years. They were involved in a conspiracy to plunder the county treasury. An address has been issued by the Butler State Central Committee of Massachusetts announcing their intention of conducting an earnest and aggressive campaign on behalf of their candidate. Byron Wright, conductor, and David Jones, fireman, were killed in a collision on the Central Railway at Tulleytown, N.J., on the 26th. The boiler of a locomotive making a trial trip over the Elevated Railway, between Foster Brook and Babcock Station, four miles from Bradford, Pa., on the 27th, exploded, instantly killing John Vaughan, engineer; John Adds, laborer, and fatally injuring George Grogan, conductor; C. L. A. Shepherd, assistant superinten ent, and Mike Hollerin, fireman, and seriously injuring Thomas Luby, Oscar Schutt, Al. Girside and George Peterson. The First National Bank of Granville, Ohio, suspended on the 27th. Depositors will be paid in full. At Montville, Me., on the 25th, John McFarland, his wife and granddaughter were killed by an insane man named Rowell, who was later shot dead by a neighbor whom he had attacked. The National Marine Bank, of Oswego, N. Y., has decided to close up its affairs.

7. February 1, 1879 The Democratic Advocate Westminster, MD
Article from The Democratic Advocate, February 1, 1879

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News of the Week. Dr. Linderman, Director of the Mints, died Monday. A white quail was shot near Snow Hill, Md., recently. Mrs. Foster, a widow, living alone near Memphis was murdered by unknown persons on Sunday night. The First National Bank of Granville, Ohio, has suspended. It is said the depositors will be paid in full. There was a severe gale at Deadwood Dakota, on Sunday, which uprooted trees, blew down fences and unroofed houses. G. M. Nelson, Treasurer of Fayette county, Ind., has been arrested on the charge of em bezzling $9000 of the county funds. Mrs. Elizabeth Hancock, mother of Major General Winfield S. Hancock, died at Norristown, Pa., on Friday, January 24th, aged 78 years. Sarah Stewart, colored, died recently at South River Neck, Anne Arundel county, Md., at the advanced age, it is said, of 110 years. The New York Tribune states, in the most positive terms, that the remains of A. T. Stewart have not been recovered by his widow or Judge Hilton. At Portland, Oregon, on Saturday, Joseph Carmen, while drunk, attempted to kindle a fire with coal oil, set fire to the house and perished in the flames. Six hundred colored militia attended the funeral of the late Representative Hartridge at Savannah, Ga. There was an insurance of $20,000 on Mr. Hartridge's life. General James Shields, who was a short time ago a candidate for Doorkeeper of the House of Representatives, was sworn in on Monday as Senator from Missouri. A locomotive, making a trip on the elevated railroad near Bradford, Pa., Monday, exploded near Babcock Station, killing two men and injuring several others, three fatally. Report of Bayview Asylum, Md. shows that the expense of maintaining the institution for the past year was $16,400 less than the sum appropriated. This is a gratifying exhibit. A Boston telegram gives a report that the NeedhamSavings bank willgo into liquidation, owing to the lack of business. The bank be ing solvent, its depositors will be paid in full. The stockholders of the National Marine Bank of Oswego, N. Y., have resolved to go into liquidation. The step is taken in consequence of high taxes and low rate of interest. A book once owned by Martin Luther and containing MS: notes made by his hand is owned in Maine. It is a Latin translation of Solomon's Song, with a preface and notes by Luther. Owing to the lateness in the session Engi neer Hutton, who has made the surveys for the Chesapeake and Delaware Ship Canal, will not make his report until the next Congress meets. The Missouri State Lunatic Asylum, near St. Joseph, was destroyed by fire on Friday afternoon. The patients, 250 in number, were removed to the Court house. The loss is nearly $300,000. Bristol, Pa., had a funeral on ice, recently. Mrs. Mary Whiteraft died at Bristol, and was buried at Burlington, N. J. across the Dela ware river. The long procession crossed in sleighs and on foot. A tornado struck Lockport, Texas, on Sunday morning, demolishing forty buildings, in cluding the Court-house, several churches, and the Masonic hall. A child was killed and several persons were injured. During the recent cold snap a small boy at Carlisle, *Pa., placed his tongue on a fire plug "just for fun." It took a long while to release the member from its painful captivity, and the lad has now had fun enough of that kind. At Montville, about 15 miles from Belfast, Me., on Saturday night, John McFarland, his wife and granddaughter were murdered by an insane man named Rowell. The latter was afterward shot dead by a neighbor whom he attacked. Col. W. T. Thompson of the Savannah News. author of "Major Jones's Courtship. and other humorous sketches of Southern life. is the most prominent candidate for Congress, vice Julian Martridge, dead. A better man cannot easily be found. Thomes Lynch, aged 65, was found frozen to death near Elizabeth, N. J., Monday morn ing. He wandered from home on Sunday morning, and was rendered insensible by a fall on the ice before he perished. He was slightly deranged. A tie vote sums up the reults of the labors of the joint Committee to consider the expediency of the transfer of the Indian Bureau to the War Department. Thus, so far as the committee is concerned, the proposition falls for want of an affirmative majority. There appeared last week. in the obituary columns of the Public Ledger, notices of the deaths of twenty five persons- -eight men and seventeen women-who had lived to or be yond the advanced age of eighty years. Among them was Anna Lowery, 100. Since the beginning of the present Congress over six thousand bills have been introduced in the House alone. Of these, two hundred and seventy nine were introduced last Monday. The chances are that not a dozen of the later will be reported this session. J. H. Dickerman, treasurer of St. Authony's Catholic Church, in Cincinnati, is reported to bea "defaulter" for $6,000. Jacob Benneker, treasurer of the Germam Catholic Cemetery Association, of the same city, is also reported to have embezzled $1,200. At Chicago, Monday, Charles Woodward and George Lee, who stole $12,000 worth of jewelry from Max Freund, a travelling jewel er, at the Palmer House, were arraigned in the Criminal Court and pleaded guilty. They were remanded. Woodward turned State's evidence and the goods were recovered. The third instalment of the Mexican indemnity, due the 31st ult., was paid on that day and makes $900,000 received on account of awards to American citizens. The question of the Weil and La Abra awards, involving $1,500,000, and alleged to be fraudulent, is still under consideration by the State Department. A fire broke out in the Tunnel Level of the Summit Branch Colliery, at Williamstown, Pa., on Saturday night. It destroyed the engine house, machinery and twenty mules, and penetrated to the mine, where it was still burning Sunday, though said to be under control. Nearly 600 men were employed at this colliery. The troops that extinguished the runaway Cheyennes have returned to Fort Robinson. The only prisoners brought back were three squaws and four children, of whom three are wounded. One buck and squaw died before reaching the fort. The troops also brought the bodies of four soldiers. A commission is to investigate the whole affair, including the cause of the outbreak. Three colored brothers named Alexander, and three white brothers named Gamblin, in Wayne county, Miss., having a dispute about the possession of some land, armed them-

8. February 4, 1879 The Spirit of Democracy Woodsfield, OH
Article from The Spirit of Democracy, February 4, 1879

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Bank Embarrassments. O&WEGO, January 27 -The National Marine Bank is to be closed. CINCINNATI January 27.-The First National Bank of G:anville, Obio, has suspended. BOSTON, January 27 -It is said the Needham Savings Bank will be closed. Resumption don't appear 10 be benefitting banks very mueh.

9. February 5, 1879 Union County Courier Elk Point, SD
Article from Union County Courier, February 5, 1879

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Business Troubles. A writ of attachment was issued against J L. Cassidy, wholesale crockery dealer, Montreal, on the 28th. Liabilities $300,000, chiefly secured by real estate. The National Marine bank of Oswego, N. Y., and the Needham Savings institution of Boston, Mass., have closed doors, owing to lack of business. The First National bank of Granville, Ohio, has suspended. Depositors will be paid, the loss falling on holders of the banks paper. The wholesale liquor house of Williams & Lawson, Cincinnati, was closed by the sheriff on the 25th, under an attachment by creditors. It is feared that a general commercial collapse is imminent in Sweden. Further failures are daily expected and thousands of persons have been thrown cut of employment.

10. February 5, 1879 The Columbus Journal Columbus, NE
Article from The Columbus Journal, February 5, 1879

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THE JOURNAL. WEDNESDAY Y, FEB. 5, 1879. THE Needham Savings Bank at Boston will close. THE National Marine Bank at Oswego will close. of First National Bank THE Ohio has suspended. Granville GRANT and party arrived 30th. at Alexandria, GEN. Egypt, on the has secretary of the treasury othTHE for the redemption of an called er $20,000,000 of 5-20 bonds. InSENATORS from Kaneas, elected on and the F. 31st, Jones, galle Democratic, from Louisiana. news from Dublin reports Mt. Zion the THE on the 28th of the an in convent, burning at Waterford, by cendiary. House of Representatives THE has passed a Chinese strict Washington immigration of the into the United States. MOBLEY, of the Platte been Valley apS.P. has recently United pointed Independent, Postal Clerk in the States railway mail service. FORTY thousand dollars of conby the house of a appropriated for the establishment Texas. Military grees post at El Paso, LATER dispatches from Paris Grevy, the election of M. of President nounce of the Chamber Deputies, as MacMahon's successor. the GERMANY, in order to prevent made introduction of the plague, has prohibition on importations of felt. as the same Austria, besides manufacturers THE house committee on coinage will Washington it is stated for the in favorably on the bill trade recoinage port and redemption of dollars. NEWS from London under thousand date of 28th says that seven county. the are idle in Durham the The miners distress is unequaled since great strike in 1844. learn from the Omaha Repub- died WE that Mary A. Miser ult., of lican Wednesday night 29th pneumonia, at the residence of typhoid her sister, Mrs. J. H. Lacey. SENATOR CHRISTIANCY was nomi- 29th by the president on the nominanated minister to Peru. His as was unanimously confirmed, and tion without the usual reference. SENATOR PADDOCK, from the favor- publands committee, reported time lic on the bill to extend the The ably of pre-emptors on public lands. report was placed on the calendar. THE remains of Bayard Taylor York are expected to arrive in New be in and when they do will in the soon, state in the governor's room city hall, until removed to Pennsylvania. IT is stated in a dispatch from that Paris under date of the 29th President McMahon has tendered reported his resignation. No action on his resignation by the chambers to elect a President. A COLORED man by the name of J. D. McLeod was recently appointed store-keeper at Covington, Ken- race tucky, being the first of his who ever received an appointment of the kind in that state. SENATOR SAUNDERS reports a dis- the agreement in the committee or and transfer of the Indian bureau, presented a section of a new transfering certain tribes to the trol of the War Department. IT is stated that the excess of our exports over imports for December, 1878, were $35,128,000; for the year 1878, $304,542,000. That is, if true, splendid showing, and, if contin- feel a ued, one the country will soon beneficially. M. A. McCONNELL, formerly of Cadiz, Ohio, is now publisher of Mr. the Charleston (III.) Plaindealer. McConnell has heretofore been successful in other departments of busi- his pess and doubtless will be 60 in enterprise. IT is claimed that certain parties have made a mistake in the amount of the note cancelled by the Lancas- of ter county bank in consideration the the deposit of state funds by late treasurer McBride, being $1,934, 99 instead of $19,034.99. "WILD HOG," the Cheyenne chief, imprisoned at Ft. Robinson, rather now than go south attempted icide, by stabbing himself in four places in the region of the heart. pronounces the wounds if not is stated by authority very The surgeon IT dangerous, fatal. that after 1st of April next there of 10 per cent. reduction the in will allow- be a second ances classes for rout fuel to post-offices of the first and and

11. February 6, 1879 The Red Cloud Chief Red Cloud, NE
Article from The Red Cloud Chief, February 6, 1879

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NEWS OF THE WEEK. Domestic. The President has signed the arrears of petision hill A $50,000 fire occurred in Warwick N Y. Janurry 25th The First National Bank of Granville, Ohto, has suspended Dr. Linderman. director of the mint. Philadelphia, died Jan. 27th. The Needham Savings Bank. Boston. has closed, owing to . lac k of business Jasper & Co.'s elevator at Quincy, III., burned on the night of Jan. 23d. Loss, $10,000. The Wagner House at Sparts, Wis., was burned Jan. 21st. Lose, $25,000; insurance, $18,000. Matt H. Carpenter has been elected United States Senator in Wisconsin to succeed Senator T. O. Howe. The Legislature of Arkansas has elected J. D. Walker, of Washington county, United States Senator. Gov. Hartranft has been appointed and confirmed as Major General of the Na tional Guards of Pennsylvania. One section of Armour & Co.'s warehouse, at the Union Stock yards, Chicago, burned Jan 35th Loss, 10,000. The National Marine Bank, Oswego, Y., will be closed because of the high rate of taxation and low rate of interest. The report of the Illinois Central Railroad for 1878, shows a gain in the net traf. fic of $468,000 over the preceding year. The Judson Bank, at Ogdensburg. N. elosed January 224. With moderation on the part of Its creditors It expects to pay in full. In Scranton. Pa. a few nights ago, Miss Davis and a one year old child were burned to death by the explosion of a kerosene lamp. The Irving mills, with two run of stones, burned at St. Paul, Mian., Jan. 23d. Lose on mill, $10,000. and on wheat, $1,500. Insurance, $6,900. Lochman's confectionery establishat Milton, Pa., burned January 24th. ment An explosion during the fire killed one man and injured several. R. L. T. Beal, Conservative, elected the Forty Sixth Congress. has been chosen to to fill the vacancy caused by the death of Rep resentative Douglass in Virginia At Mertville, Maine, Jan. 25th, John by McFarland, wife and daughter were killed maniac named Rowell, who was afterward shot a dead by a neighbor whom he had tacked. A fire in Elizabeth, N. J., January 21st, damaged the Arcade Block, belonging to ex-Congressman Clark, to the extett of $100,- of 000: Insurance, $60,000. The original cost the structure was $250,000. In tearing down the walls of a buildburned in Cincinnati. Jan. Sand, a of a wall crumbled away dist. ing portion recently cellar. suddenly, precipitating two men into the a ance of sixty feet, and both were killed. A collision of freight trains on the Central railroad near Tarrytown, N. Y., Jan. 25th resulted in the death of Byron Wright, conductor, and David Jones, freman, and the smashing of four cars, a locomotive and tender. On Sunday evening. January 26th. struck the town of Lockport, Texas forty houses, including churches, child demolishing a tornado hall. A the conrt house and Masonic hurt. was killed and several other persons badly An attempt to throw out some dynaat the Gua Water in January 21st, the mite Works, cartridges Baltimore, destruction Powder resulted of killing of two mea. the boiler the house, and the carrying of the boller some fifty feet. On the morning of January 27th a broke out in Turkey City. Clarion county, fire and the water-works being frozen, spread half rapidly Pa., in all directions, and in an hour ruins. of the best portion of the town was in Loss, about $30,000. A fire swept over the valley twenty north of Deadwood. Jan. 26th, burning miles 500 tons of hay and leveling several ranches of ground. The same day . heavy gale wind the prevailed doing much damage in Dead- trees wood Gulch, unroofing houses, uprooting and blowing down fences. At Meridian. Miss., Jan. 24th. three white named Alexander, and three the negroes named Gamblin, quarrelled about the nemen possession of some land. Afterward one ambushed the white men, killing returned groes and wounding another. The fire was The othand two of the negroes were killed. or ded. one The Dayton & Michigan Railroad with elevator B at Toledo, Ohio, of consisting of 100,000 by its ears, was entirely Company's grain, contents, mostly loss, destroyed bushels $85,000. January 25th Estimated the are buttaing was insured for $25,000, and to The for $40,000. The are is supposed grain have been caused by friction in the machinery. Dodd has returned four- the Agency to Ft. the Pine Lieut. Ridge Robinson from with in Sloux braves to act as scouts latest reof the fleeing Cheyennes. The escapture the field is that the Cheyennes news from in the night from Crow Ridge, their folcaped position, and the trail which is being the lowed last by Capt. Wessella, leads towards Spotted Tall Agency. Secretary Schurz has received infor- have that SILLING Bull with his people United mation crossed the Canadian line into the anxious and that they are exceedingly under the supervision States, to this country, and come dis to return of the Indian Bureau, and

12. February 6, 1879 Mower County Transcript Austin, Lansing, MN
Article from Mower County Transcript, February 6, 1879

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Business Troubles. Mullarky & Co., wholesale boots and shoes, at Montreal, has been attached. Liabilities about half a million dollars, $300,000 being secured. Late failures in Great Britain: Dice, Nichol & Co., merchants, London; liabilities £94.000. Hardy & Co., lace manufacturers, Nottingham; liabilities £53,000. Hughes & Nephew, ship brokers, Liverpool; liabilities £170,000. Hermann Brock, a Cincinnati commission merchant, has made an assignment. Liabilities $117,000; assets, actually $32,000. Louis Tournville, commission merchant, Montreal, failed on the 28th ult. Liabilities $187,000, assets $139,000. A writ of attachment was issued against J L. Cassidy, wholesale crockery dealer, Montreal, on the 28th. Liabilities $300,000, chiefly secured by real estate. The National Marine bank of Oswego, N. Y., and the Needham Savings institution of Boston, Mass., have closed doors, owing to lack of business. The First National bank of Granville, Ohio, has suspended. Depositors will be paid, the loss falling on holders of the banks paper.

13. February 8, 1879 The Superior Times Superior, WI
Article from The Superior Times, February 8, 1879

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Business Troubles. Late failures in Great Britain: Dice, Nichol & Co., merchants, London; liabilities £94.000. Hardy & Co., lace manufacturers, Nottingham; liabilities £53,000. Hughes & Nephew, ship brokers, Liverpool; liabilities £170,000. Hermann Brock, a Cincinnati commission merchant, has made an assignment. Liabilities $117,000; assets, actually $32,000. Louis Tournville, commission merchant, Montreal, failed on the 28th ult. Liabilities $187,000, assets $139,000. A writ of attachment was issued against J L. Cassidy, wholesale crockery dealer, Montreal, on the 28th. Liabilities $300,000, chiefly secured by real estate. The National Marine bank of Oswego, N. Y., and the Needham Savings institution of Boston, Mass., have closed doors, owing to lack of business. The First National bank of Granville, Ohio, has suspended. Depositors will be paid, the loss falling on holders of the banks paper.