Dow, Short & Company (Syracuse, NY)

Episode Information

Episode UID
8725736691032
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
872573669 hash
Start Date
December 22, 1885
Location
Syracuse, New York (43.048, -76.147)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6b5deef2367e9015

Response Measures

None

Events (2)

1. December 22, 1885 Receivership
Newspaper Excerpt
Chas. P. Baldwin is the assignee. The assignment was filed this morning.
Source
newspapers
2. December 22, 1885 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Loss of about $40,000 due to failure of Silverstein & Co., clothing merchants, which the bankers carried as an exposure.
Newspaper Excerpt
Dow, Short & Co., private bankers here, have failed. Chas. P. Baldwin is the assignee. The assignment was filed this morning.
Source
newspapers

Newspaper Articles (5)

Article from Evening Star, December 22, 1885

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Article Text

Failure of Private Bankers. SYRACUSE. N. Y., Dec. 22.-Dow, Short & Co., private bankers here, have failed. Chas. P. Baldwin is the assignee. The assignment was filed this morning. The firm's failure was precipitated by the failure yesterday of Silverstein & Co., clothing merchants, for whom the bankers carried about $40,000, which is a total loss. Preferences of the suspended banking firm, $38,000. The firms deposits are about $40,000, including trust funds, preterred. Rediscounted paper to a large amount in the Syracuse banks is secured by real estate mortgages. It is expected that the depositors will be paid in full.


Article from Savannah Morning News, December 23, 1885

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Article Text

PRIVATE BANKERS FAIL. The Bankruptcy of a Clothier Leaves the Firm in the Lurch. SYRACUSE, N. Y., Dec. 22.-Dow, Short & Co., private bankers here, have failed. Charles B. Baldwin is assignee. The assignment was filed this morning. The firm's failure was precipitated by the failure yesterday of Silverstein & Co., clothing merchants, for whom the bank. ers carried about $40,000, which is a total loss. The preferences of the suspended bankers' firm amount to $38,000. The firm's deposits are about $40,000, including trust funds, preferred rediscounted paper to a large amount. The Syracuse banks are secured by real estate mort. gages. It is expected that the depositors will be paid in full.


Article from The Kenosha Telegraph, December 25, 1885

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Article Text

LATER A SECOND cave-in on the 22d at the Nanticoke (Pa.), Mine destroyed all hope of the rescue of the twenty-eight imprisoned workmen. Even the bodies of the victims can not now be recovered for a month. Ex-SENATOR TRURMAN was on the 22d chosen arbitrator to settle the differences between the Ohio miners and operators. THE Catholic priests of Montreal have received orders from Bishop Fabre to meddle in no way with politics. G. W. LUPTON, a wool merchant of Bradford, Eng., failed on the 22d for $300,000. JOSEPH WALSH, aged fifty years, was crushed to death by machinery in the Brooklyn (N. Y.) sugar works on the 22d, and Frederick Bird, aged forty-five, fell dead from horror at the sight. THREE men were killed in a collision of trains on the 22d near Asheville, N. C., caused by a conductor's watch being one hour slow. GUSTAVUS MEISTER, collector for a Buffalo (N. Y.) brewery, absconded on the 22d, and his books showed a deficit of $17,000 THE locked-out employes of the Singer sewing-machine factory at Elizabethport, N. J., numbering 3,500, were set to work on the 22d. A CONSPIRACY to establish a republic in Spain was discovered at Tar on the 22d. THE New York Produce Exchange on the 22d figured the visible supply of wheat and corn at 58,761,958 and 7,338,256 bushels, respectively. IT was announced on the 22d that nine collieries near Pittston, Pa., would soon suspend operations, throwing fourteen hundred employes out of work. Dow, SHORT & Co., bankers at Syracuse, N. Y., failed on the 22d for over $100,000. PHILLIP BRADY and his wife were killed by the cars a few days ago while attenipting to cross the railway tracks in a carriage at Goshen, N. Y. They had only been married four weeks. A SNOW-SLIDE on the 22d near Silverton, Col., did much damage to property and killed two men. AFTER continuous publication for sixtytwo years the Richmond (Va.) Whig suspended on the 22d. MR. PATRICK EGAN says that the Irish National League of America has forwarded $80,000 to Mr. Parnell during the last two months. IN Venice, Italy, people were fleeing from the city on the 22d owing to an outbreak of cholera. AT Greenville, Ga., Chunk MeLenden during a dispute on the 22d killedhis father-inlaw, Judge Rufus Johnson, but himself received fatal wounds. A TREATY of peace has been concluded be tween France and Madagascar. French troops are to occupy Tamatave until an indemmity of 10,000,000 francs is paid, and France will establish a protectorate over the whole country,


Article from The Abilene Reflector, December 31, 1885

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Article Text

THE grain trade division of the New York Produce Exchange has adopted stringent regulations concerning the proper storage of graded grain in warehouses. GOVERNOR MARTIN, of Kansas, has raised the quarantine on Illinois and Missouri cattle. FEARS are entertained that the British bark Norshead, which sailed from Sydney, New South Wales, August 29, for Portland, Ore., has been lost. REPORTS from Minister Cox, from his post in Turkey, represent him as pleased with his new home, with no idea of returning before his term expires. G. W. LUPTON, a wool merchant, of Bradford, Eng., failed recently for $300,000. FIFTY cases of cholera were reported recently in Venice and adjacent towns. THE Government Chief of Engineers reports that the celebrated long bridge over the Potomac is an obstruction to navigation and ought to be removed. THE forty-two shoe factories in Massachusetts where a strike occurred some months ago were opened on the 22d under the terms of the award made by arbitration. By rder of court, the Richmond (Va.) Whig has suspended publication. THE annual meeting and exhibition of the Northwestern Poultry Association opened at Fargo, D. T., on the 10th. The exhibition was a very large and creditable one. AN attempt was made recently to assassinate L. Lum Smith, publisher of the Philadelphia Agents' Herald, by shooting through the glass door of his office. The ball lodged in a mirror in the other side of the room. No clue. Dow, SHORT & Co., private bankers, of Syracuse, N. Y., assigned recently. A DISPATCH from Rome of the 22d reported the Pope as looking very fatigued and unwell. AT a meeting of the New York Yacht Club a challenge from Lieutenant Henn, of the British Navy, offering to sail his yacht Galatea against the New York Club's representative for the possession of the Queen's cup, was read and accepted. The race will be sailed next season. THE Department of State is greatly exercised over the fact that the report of United States Consul General Mueller, on Germany, found its way to the press dispatches. In some manner unknown to the officials the report in question was sent out without having undergone the diplomatic pruning. RECENT advices from Belgrade say that there are signs of a revolt in the Servian army, and that it is rumored there that Horvatovitch has ordered the execution of sixty soldiers who were implicated in a plot against the Government. THE experiment of Irish cattle dealers of chartering steamers to run in opposition to the boycotted steam packet line has resulted in the complete surrender of the boycotted company. CONTAGIOUS ophthalmia was reported very prevalent in New York public institutions for children. Energetic action was recommended by physicians to avert dangerous epidemics. THE Government of the Argentine Republic recently gave the Papal Legate his passports. He was accused of interfering in public education and instigating a sort of ecclesiastical boycotting against Clara Armstrong, an American school teacher. THE other evening Mrs. Fred Kohs, of Wadesvllle, near Parkersburg, W. Va., went to a store near by, leaving her girl of four years and her babe of eighteen months locked up in the house alone. The house caught fire and the children were burned to death. A TERRIBLE explosion occurred in the Ferndale coal mine at Pontypridd, Wales, on the 23d. Over seven hundred men were in the mine at the time. At least fifty were killed and scores wounded and missing. THE family of George V. Korell, of Cleveland, 0., were recently stricken with trichinosis, hawing eaten of raw ham. There were hopes of saving their lives. SMALL-POX continues to make fearful ravages in the insane asylum at Longue Point, near Montreal. THREE children of Patrick Driscoll, One Hundred and Sixty-sixth street and Tenth avenue, New York, were burned to death recently by the house catching fire. SEVERAL horrible outrages were reported recently in Austin, Tex., all evidently perpetrated by the same parties. After outrage the vistims had been brained with an ax. Intense excitement existed.


Article from Wessington Springs Herald, January 8, 1886

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Article Text

DOMESTIC. IT was reported in St. Paul on the 21st that the log-cut in the Northwest this season would fall from fifteen to twenty per cent. short because of the continued warm weather. JOHN LEE, a white man, was taken from the jail at Rockingham, N. C., on the 21st by a mob and hanged for the murder of Solomon Welch. EDWIN GOODE and William Wheeler, residing near Jackson, N. C., fought a duel on the 21st with pistols, both men being fatally wounded. THE names of the United States Grand Jurors recently discharged at Salt Lake City have been published by the Mormon papers SO that they may be boycotted. THE hotel, post-office and a dozen buildings at Bartlett, O., were burned on the 21st, entailing heavy loss. THE explosion of a boiler on the 21st in a distillery at Beaver's Station, O., killed two men, wounded three others, and destroyed property worth $5,000. RICH discoveries of iron ore have recently been made by accident in the Vermillion district of Minnesota. ESCAPING coal gas suffocated Simon Steinberg and his wife at Indianapolis, Ind., the other night. MRS. PRESSLY BERRY was burned to death at Spring Hill, Ky., on the 21st, her clothing taking fire from the stove; and James Starling, a farmer, fell into a vat of boiling water near Chattanooga, Tenn., and was roasted alive. THE issue of standard silver dollars during the week ended on the 19th was 629,211. The issue during the corresponding period of last year was 454,995. THE recent billiard tournament in Chicago between Schaefer, Slosson and Vignaux for the championship of the world resulting in a tie, another contest began on the evenling of the 21st. ANOTHER cave-in on the 21st stopped the work of the men who were endeavoring to rescue the twenty-nine buried miners in the Nanticoke (Pa.) colliery, and all hope of taking them out alive had been abandoned. THE State Veterinarian of Pennsylvania on the 22d found six cattle infected with pleuro-pneumonia in a herd at West Willow. ERASTUS WIMAN, of New York, on the 22d secured the release of F. O. Ross from jail, where he had been detained for six years, by compromising his indebtedness of $90,000. He then secured employment for him and sent for his wife. JOSEPH WALSH, aged fifty years, was crushed to death by machinery in the Brooklyn (N. Y.) sugar works on the 22d, and Frederick Bird, aged forty-five, fell dead from horror at the sight. THREE men were killed in a collision of trains on the 22d near Asheville, N. C., caused by a conductor's watch being one hour slow. THE iron market at Pittsburgh was on the 22d reported materially stronger, and orders for material were plentiful. Prices had been raised, and a further advance was anticipated after the holidays. GUSTAVUS MEISTER, collector for a Buffalo (N. Y.) brewery, absconded on the 22d. and his books showed a deficit of $17,000. THE locked-out employes of the Singer sewing-machine factory at Elizabethport, N. J., numbering 3,500, were set to work on the 22d. THE New York Produce Exchange on the 22d figured the visible supply of wheat and corn at 58,761,953 and 7,338,256 bushels, re spectively. A CITIZEN of New York has brought eight suits in Indianapolis against bondsmen of township trustees who have issued illegal warrants and fled to Canada. THE annual report of the State Auditor of Indiana, which was filed with the Governor on the 22d, showed that the debt of the State was $6,008,608.34. IT was announced on the 22d that nine collieries near Pittston, Pa., would soon suspend operations, throwing fourteen hundred employes out of work. Dow, SHORT & Co., bankers at Syracuse, N. Y., failed on the 22d for over $100,000. PHILLIP BRADY and his wife were killed by the cars a few days ago while attempting to cross the railway tracks in a carriage at Goshen, N. Y. They had only been married four weeks. A SNOW-SLIDE on the 22d near Silverton, Col., did much damage to property and killed two men. MR. PATRICK EGAN says that the Irish National League of America has forwarded $80,000 to Mr. Parnell during the last two months. AT Greenville, Ga., Chunk McLenden during a dispute on the 22d killed his father-indaw, Judge Rufus Johnson, but himself received fatal wounds. AT Chenango, N. Y., nine buildings were burned on the 22d, among them the Che-