9112. First National Bank (East Saginaw, MI)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
637
Charter Number
637
Start Date
November 23, 1896
Location
East Saginaw, Michigan (43.423, -83.951)

Metadata

Model
gpt-5-mini
Short Digest
b21b1bc1

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1896-12-10
Date receivership terminated
1899-08-15
OCC cause of failure
Fraud
Share of assets assessed as good
39.7%
Share of assets assessed as doubtful
22.0%
Share of assets assessed as worthless
38.3%

Description

Contemporary reports (late Nov–Dec 1896) state the First National Bank of East Saginaw closed its doors and the bank examiner/comptroller moved to appoint a receiver. Coverage details large amounts of bad paper ($230k–$250k) and assets vs liabilities consistent with insolvency rather than a mere rumor-driven run. Receiver Thomas A. E. Weadock was appointed by the comptroller in December 1896. Later receiver reports (1897–1899) show dividends being paid and receivership closed by 1899; the bank itself remained closed and wound up via receivership. Dates are taken from newspaper dates; exact day of initial closure is not always specified in texts, so suspension date is approximate (late November 1896).

Events (5)

1. December 20, 1864 Chartered
Source
historical_nic
2. November 23, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank carried large amount of bad paper (reported $230,000–$250,000) and liabilities exceeded available funds; insolvency after poor loans/notes led to closure.
Newspaper Excerpt
The First national bank of East Saginaw, Mich., closed its doors with liabilities of $300,000.
Source
newspapers
3. November 30, 1896 Other
Newspaper Excerpt
A stockholder's committee has completed an investigation... found assets of the bank at the time of suspension $615,000 and liabilities to depositors and for borrowed money $385,000. Bad paper carried was between $230,000 and $250,000. A receiver will undoubtedly be appointed.
Source
newspapers
4. December 10, 1896 Receivership
Source
historical_nic
5. December 11, 1896 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed Thomas A. E. Weadock of Michigan receiver of the First National bank of East Saginaw, Mich.
Source
newspapers

Newspaper Articles (17)

Article from The Diamond Drill, November 28, 1896

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a hotel in Valley City, N. D., as Thomas Owens and wife, were found dead, clasped in each other's arms. Prussic acid had been taken. J. J. Crowley, supervising special agent of the treasury, in his annual report states that the number of arrests made during the year for violations of the customs laws was 58; number of seizures, 1,356. The receipts for the year exceeded those of the preceding year by $8,058,188. Secretary of Agriculture Morton in his fourth annual report says that 72 per cent. of the farms in the United States occupied by their owners are absolutely free from mortgages or other incumbrances, and he refutes the idea prevailing that the farmers are glmost universally in debt, despondent and suffering. During the last fiscal year the exported products of American fgrms aggregated $570,000,000, an increase of $17,000,000 over the preceding year. Willis L. Moore, chief of the weather bureau, says in his annual report that timely warnings of all severe storms likely to cause injury to shipping were sent to all maritime stations and resulted in almost incalculable benefit. The average percentage of verification of the bureau's forecasts during the year was 82.4 cent., an improvement of 2.4 per cent. over that of last year. In a riot during a dance at the home of Charles Johnson, east of Lebanon, Ind., "Jack" Dowden and Jeffrey Gulldon were fatally hurt. The collier steamer San Benito, bound from Tacoma to San Francisco, went ashore seven miles north of Point Arena, Cal., and six of the crew were drowned. An electric locomotive that will run 200 miles an hour has just been completed at the Baldwin locomotive works in Philadelphia. A caboose attached to a work train on the Licking Valley railroad jumped the track and rolled down a 40-foot em bankment near Ashland, Ky., and 30 persons were injured, some fatally. An unknown man and woman who registered as George Wilson and wife were found dead in their bed in a room at the Standard hotel in New York, having been suffocated by illuminating gas. As a result of the flood in the Skagitt river the town of Hamilton, Wash., is a complete wreck. Willy Haas, who cut the throat of Mrs. Emma Brader, his employer's wife, at Covedale, O., was convicted of murder and will be the first victim of the electric chair in Obio. On Manhattan neid in New York the contest for the American champion ship at football was won by the Princeton college team, the Yale forces being defeated by a score of 24 to 6. The First national bank of East Saginaw, Mich., closed its doors with liabilities of $300,000. James Michael, the little Welshman, rode 29 miles 1,293 yards in an hour at Memphis, Tenn., lowering the American hour record two miles. While skating on a pond near Waupaca, Wis., Ret Brown, aged 21, and Ira Gibson broke through the ice and were drowned. David M. Wright, aged 17 years. died from injuries received while playing football at Austin, III. George W. G. Ferris, who conceived and built the world-famous Ferris wheel, died at the Mercy hospital in Pittsburgh, Pa., of typhoid fever, aged 38 years. Five children of Snyder Neal. living five miles north of Hamilton, Mo., were burned to death while the parents were attending a dance. In a riot at Cleveland between a score of Hungarians and as many Irishmen many men were stabbed, two fatally. The visible supply of grain in the United States on the 23d was: Wheat, 59,971,000 bushels; corn, 18,150,000 bushels; onts, 12,208,000 bushels: rye. 2,657, 000 bushels; barley, 6,146,000 bushels. Mrs. Casper Laboy, of Nesqueboning, Pa., was stabbed to death and her husband fatally slashed by robbers. At Delmont, Pa., John Tarr, aged 25 years, shot and killed his wife and then committed suicide. They were not liv ing together. Patrick Meagher. a justice of the peace at Gilberts, III., and his mother were suffocated by coal gas at their home. A temporary prison at Mena, Ark., was burned and Tom Casey and H. Hopkins, confined for disorderly conduct, perished in the flames. For the first time in nearly 20 years the national republican party closed the campaign with all its debts paid and a surplus of $100,000 in its treasury. Miss Clara Barton, president of the Red Cross society, in her report of the work of the Armenian relief expedition in Asia Minor says that 50,000 Armenians will starve unless helped by May 1


Article from Rock Island Argus, November 30, 1896

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EAST SAGINAW FIRST NATIONAL. Mortgages Filed That will Probably Save Bank Depositors from Loss. Saginaw, Mich., Nov. 30.-A mortgage covering all the real estate of the Standish Manufacturing companies, C. L. Judd principal owner, was filed at Standish, Arenac county, Saturday. Judd is cashier of the First National bank of East Saginaw, which closed its doors a week ago, and was also owner of the Arenac county bank, which suspended after the failure of the East Saginaw bank with little prospects of paying its Arenac county depositors. The mortgage filed gives a first lien of $25,000 to the First National bank of East Saginaw, a second of $35,000 to the depositors of the Arenac County bank, and a third of $95,000 to the First National bank of East Saginaw. The lands mortgaged are in the counties of Bay, Midland and Arenac, with J. B. Peter, of Saginaw, as trustee. A chattel mortgage was also placed on all property of the Standish Manufacturing companies. Suit was begun against these companies by E. W. Allen, of Standish, and attachments on the property issued. A stockholder's committee has completed an investigation of the affairs of the First National bank. The committee found assets of the bank at the time of suspension $615,000 and liabilities to depositors and for borrowed money $385,000. Bad paper carried was between $230,000 and $250,000. Depositors will undoubtedly be paid in full, but the stock and surplus will be wiped out. A receiver will undoubtedly be appointed.


Article from Omaha Daily Bee, November 30, 1896

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Troubles in the Business World. SAGINAW, Mich., Nov. 29.-A mortgage covering all the real estate of the Standish Manufacturing companies, C. L. Judd, principal owner, was filed at Standish, Arenae county. Mr. Judd is cashier of the First National bank of East Saginaw, which closed its doors a week ago, and was also owner of the Arenae County bank, which suspended after the failure of the East Saginaw bank. with little prospects of paying up Arenac county depositors. A stockholders' committee has completed an investigation of the affairs of the First National bank. The committee found the assets of the bank at the time of suspension to be $615,000 and Habilities to depositors and for borrowed money $385,000. Bad paper carried was between $230,000 and $250,000. Depesitors will undoubtedly be paid in full. but the stock and surplus will be wiped out. A receiver will undoubtedly be appointed.


Article from The Copper Country Evening News, December 2, 1896

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Lumber Dealers in Trouble. Saginaw, Mich., Dec. 2.-Two chattel mortgages for $27,816.27 were filed Monday by Melchers & Co., lumber dealers. The trouble was brought on by the failure of the First National bank of East Saginaw. The bank examiner applied to the comptroller of the currency for a receiver.


Article from The True Northerner, December 2, 1896

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EAST SAGINAW FIRST NATIONAL. fortgages Filed That Will Probably Save Bank Depositors from Loss. Saginaw, Mich., Nov. 30.-A mortgage covering all the real estate of the Standish Manufacturing companies, C. L. Judd principal owner, was filed at Standish, Arenac county, Saturday. Judd is cashier of the First National bank of East Saginaw, which closed its doors a week ago, and was also owner of the Arenac county bank, which suspended after the failure of the East Saginaw bank with little prospects of paying its Arenac county depositors. The mortgage filed gives a first lien of $25,000 to the First National bank of East Saginaw, a second of $35,000 to the depositors of the Arenac County bank, and a third of $95,000 to the First National bank of East Saginaw. The lands mortgaged are in the counties of Bay, Midland and Arenac, with J. B. Peter, of Saginaw, as trustee. A chattel mortgage was also placed on all property of the Standish Manufacturing companies. Suit was begun against these companies by E. W. Allen, of Standish, and attachments on the property issued. A stockholder's committee has completed an investigation of the affairs of the First National bank. The committee found assetsof the bank at the time of suspension $615,000 and liabilities to depositors and for borrowed money $385,000. Bad paper carried was between $230,000 and $250,000. Depositors will undoubtedly be paid in full, but the stock and surplus will be wiped out. A receiver will undoubtedly be appointed.


Article from River Falls Journal, December 3, 1896

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Will Be Paid in Full. Saginaw, Mich., Nov. 30.-The committee appointed by the shareholders to examine the assets of the First national bank of East Saginaw, has made its report and shows total assets of $615,000; liabilities to depositors $318,000. The committee decided there is & certainty of depositors being paid in full. A receiver may be appointed for the bank to enable it to realize on its assets.


Article from The Columbia Herald, December 4, 1896

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THE BUSINESS RECORD. The List of Failures Continues Undiminished Under Goldbugism. Cleveland, O., Nov. 28.-T. H. Brooks was to-day appointed receiver of Pheonix Iron Works company. No statement of liabilities and assets has yet been filed. It is said a large amount of contract work was outstanding, and the company had on hand a large amount of material and book accounts upon which they could not realize. John J. Sheppard, president of the company, filed an answer admitting the statement and concurring in the appointment of the receivers. Saginaw, Mich., Nov. 28.-Mortgages aggregating $150,000 were filed to-day by the Standish Manufacturing companies, C. L. Judd, principal owner, at Standish, Arena county, to secure creditors. Mr. Judd is cashier of the First National bank of East Saginaw, which closed its doors a week ago, and was also owner of the Arena county bank. which suspended after the failure of the East Saginaw bank, with little prospects of paying its Arena county depositors. A stockholders' committee completed an investigation t of the affairs of the First National bank to-day. The committee found assets of the bank at the time of the e suspension, $615,000 and liabilities to t depositors and for borrowed money e $385,000. Bad paper carried was between $230,000 and $250,000. Depositors will undoubtedly be paid in f full. e Grand Rapids, Mich., Nov. 28.-I Suit was begun in the United States e court here by the Central Trust f company, of New York, to foreclose a mortgage of $480,000 on the Indiana and Lake Michigan and Terre Haute and Logansport railroads. e Pittsburg, Pa., Nov. 28.--A.J Law) rence & Co., well-known stock1 brokers of this city, made an assignment to-day for the benefit of their n creditors. No statement of assets and liabilities has been filed. Geo. Lawrence was formerly president of a the Pittsburg oil, stock and metal exchange. Boston, Nov. 28.-The extensive plant of the Roxbury Carpet com7 pany has been shut down for an indefinite period. Agents have made no statement concerning the action. The plant is the largest of its kind ; in New England, employing about n 1200 people. S Augusta, Ga., Nov. 28.-L. F. Padgett, furniture, stove and house furil nishing goods, filed $12,000 worth of mortgages to-day; assets notinclud11 ing standing accounts was $16,000. r The house did business on installh ment plan, and has about $30,000 in accounts outstanding. d Midlothian, Tex., Nov. 29.-The Citizens Bank of Midlothian has suspended business and is closing S up its affairs. No statement of liabilities and assets has been made k but depositors will be paid in full. Kansas City, Nov. 30.-The Misd souri National Bank closed its doors . this morning owing to heavy with11 drawals of one of its principal der positors. The deposits are $1,500,000, but a statement of the banks's assets t and liabilities are not yet obtain, able. The bank was classed as one S of the strongest in the Southwest. S Philadelphia, Nov. 30.-Judge Dallas in the United States Circuit


Article from Echo De L'ouest, December 4, 1896

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FAILLITES Ssaac, Swope & Co., manufacturiers de montre et de bijouterie, de New York, en existence depuis 20 ans, ont déposé leur bilan mardi dernier. La Missouri National Bank, considérée comme l'une des plus fortes de l'ouest est en faillite. Le montant des dépots est de $1,500. 000. C. G. Spaulding, marchand de grain et d'instruments aratoires à Mapleton, Minn., a déposé son bilan samedi dernier. Actif $12,000, passif $30,000. Le principal eréancier est la banque de Mapleton, qui a faillı 11 y a quelques jours. La Arenac County Bank de Standish et la First National Bank de East Saginaw Mich ont fermé leurs portes ces jours derniers. On dit que les déposants, dont la plupart sont des ouvriers perdront presque tout leur argent dé. posé à ces banques. CHICAGO -Shoniger, Levy & Co, marchands de nouveautés en gros, ont déposé leur bilan. Passif $100,000 INDIANAPOLIS - La compagnie de chemin de fer Indiana and Lake Michigan est passé entre les mains d'un receiver. Cette compagnie n'a pu payer les intérêts arnuels en septembre dernier pour une somme de $500, 000 à la Central Trust Co. Une depêche annonce la faillite de Whitten, Baruett & Co.. marchands de hardes faites en gros de Boston, Mass. Ils ont construit le Boston Blk à Minneapolis et en sont les propriétaires.


Article from The Times, December 4, 1896

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Lumber Dealers in Trouble. Saginaw, Mich., Dec. 2.-Two chattel mortgages for $27,816.27 were filed Monday by Melchers & Co., lumber dealers. The trouble was brought on by the failure of the First National bank of East Saginaw. The bank examiner applied to the comptroller of the currency for a receiver.


Article from The Copper Country Evening News, December 12, 1896

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THE NEWS IN BRIEF. The comptroller of the currency has appointed Thomas A. E. Weadock of Michigan receiver of the First National bank of East Saginaw, Mich. Bluford Bethal of Hannibal, Mo., has received notice from England that he is heir to a large sum *of money now on deposit at the Bank of England. The estate is $5,000,000, and Mr. Bethel is entitled to one-fifth. Luke Alexander, who murdered his wife near Linneus, Mo., last April, pleaded guilty of second degree murder and was sentenced to twenty years in the penitentiary at hard labor. W. C. Bremmerman, the defaulting postmaster of Boone, Ia., has been sentenced to three years at hard labor in the penitetiary and to pay a fine of $2,600. The safe of the Illinois Central company at Independence, Ia., was blown open and $90 in money and notes and mortgages belonging to Agent Fuller were stolen. Nelson Shagel, residing at Huntington, Ind., a brakeman on the Lrie railroad. was shot dead by a tramp whom he attempted to put off the train at Galion, O. United States Minister Willis has been confined to his home at Honolulu for five weeks with fever. His condition was at one time precarious, but it iss now believed he will recover. Hancock & Birdsell, general store at Wolcottville, Ind., have closed, pending an adjustment of obligations. The firm did a large business. The American Anti-Saloon league im session at Washington has adjourned. The next meeting will be held in Columbus, O. The principal office of the league will be maintained at Washington. Mrs. E. T. Dickerson of Perus Ind., went to visit the grave of her father, W. W. Haines, and found that the Id of the box containing the coffin had been broken open, but the corpse remained untouched. Frank Nesbitt, the defaulting postmaster of Bozeman, Mont., has been sentenced to three years in the penitentiary. A general resumption of operations in the Pennsylvania river coal mines will take place in a few days, giving employment to about 6,000 men. E. B. Knapp, dealer in house furnishings and undertaking goods at Waupaca, Wis., has made an assignment for the benefit of his creditors to George W. Ghoca. The liabilities are about $3,000, of which $1,000 are secured by mortgage. The nominal assets are $4,000. C. Experiments on war balloons are being carried on in this country at Fort Logan, Colo., by authority of the war 1 department, which will soon urge conS gress for a $10,000 appropriation.


Article from The Representative, December 16, 1896

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MORE PROSPERITY. IT IS BOOMING-THE BANKS HAVE THE SMALL-POX. Read this: Harlan, Iowa, Dec. 10.-Frederick A. Bennett, state bank examiner, took possession of the Harlan State Bank today under instructions from. the auditor of the state. Its capital is $50,000; deposits, $75,000, It was started last January. And here's another: Liverpool, Ohio, Dec. 10.-The banking-house of Jonathan Esterly & Co. of Columbiana, established by Jonathan Esterly in 1875, has gone into the hands of receivers. The assets of the house are given as $200,000, while the indebtedness to depositors is about $165,000. The receivers are Josiah Rohrbaugh and Aaron Esterly, who are required to give a $225,000 bond. It is said the appointment of the receivers is merely to wind up the business. And here's another-with only $29 of assets!! Who would be foolish enough to refuse to follow the lead of such a financier as that? These are our natural guides and guardians! Topeka, Kan., Dec. 10.-An examination of the assets of the recently failed Baxter Springs Bank, of which Colonel Alexander Warner was president, reveals only $29,36 in cash on hand. The capital stock of the bank was $65,000. And here is another. Four bank failures in one day! Prosperity must be here. Washington, Dec. 10.-The comptroller of the currency has appointed Thomas A. E. Weadock of Michigan receiver of the First National Bank of East Saginaw, Mich. And here is another, the next day, Dec. 11. Duluth, Minn., the National Bank of Commerce, of Duluth, failed to open for business this morning. A notice posted on the doors stated that owing to the inability to make any money in the business, the directors had decided to suspend. The notice also stated that the bank expected to pay depositors at an early date. The bank is capitalized at $200,000, and has 30,000 surplus. And here is another: Washington, Dec. 11.-The comptroller of the currency has received notice of the First National Bank of Niagara Falls. The bank's capital was $100,000; individual deposits, $118,267; demand certificates of deposit outstanding, $16,639; notes and


Article from Morris Tribune, December 16, 1896

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FINANCE AND TRADE. The Harlan (Ia.) State bank has failed. Iron ore has been discovered near Niles, Mich. Thr greatest oil well in Ohio has been found near Findlay. A new anti-trust nut and bolt works will be built at Anderson, Ind. Negotiations for the reorganization of the Missouri National bank at Kansas City are in progress. A receiver has been appointed at Topeka, Kan., for the celebrated silver statue of Ada Rehan. Thomas A. E. Weadock has been appointed receiver of the First National bank of East Saginaw, Mich. St. Louis is enjoying a boom in the shoe trade. Factories are running full time and with increased forces. Sioux City is to have direct telephone connection with New York and Boston as well as the Twin Cities and Kansas City. The National Bank of Commerce of Duluth has suspended. Failure to ınake any money dictated the action of the direçtors. The directors of the Western Union Telegraph company, have declared the regularly quarterly dividend of 11/4 per cent, payable Jan. 15. Statistics compiled by the crop department of Iowa show loss of over 30 per cent of all the hogs in Iowa by cholera, the per cent being from 1 to 77 in the different counties. The loss in money is given at $15,000,000. Official figures make the total iron ore output of the Lake Superior mines for the year 6,663,389 gross tons. Of this amount the Mesaba range shipped 2,893,300 tons; Marquette, 2,468,451; Gogebic, 1,698,956; Menominee, 1,514,857 ; Vermillion, 1,087,861.


Article from The True Northerner, March 10, 1897

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CURRENT EVENTS. Interesting News from Many Michigan Localities. Saginaw must borrow $22,000 to carry the city government until taxes are due in July. Charles Teeters, an old resident of Milford, was kicked by a horse and instantly killed. The maple sugar harvest has begun in Van Buren, and the first of the product is on the market. Jackson will try the potato patch plan for the relief of the poor during the coming season. The First national bank of Flint has decided to reduce its capital stock from $200,000 to $150,000. A new carpet sweeper company has been organized in Grand Rapids, with an authorized capital of $60,000. Lowell peach growers say the buds are all right, and they expect to harvest their ninth consecutive crop this year. Earl Nash, of Ann Arbor, was found guilty of burglary, and sentenced to three years' imprisonment in Jackson. Durand business men have organized a stock company and will build one of the finest bicycle tracks in the state. Peter Van Broeke fell on a sidewalk at Kalamazoo last July and broke his hip. Now he asks the city for $10,000 damages. The Sutherland-Inness company, operating sawmills and tanneries at Munising, Alger county, has cut wages ten per cent. Thomas Gifford, an old resident of Sumner township, Gratiot county, blew out his brains with a shotgun. He was 73 years of age and his mind was unbalanced. Receiver Weadock, of the First national bank of East Saginaw, is ready to pay a dividend of 40 per cent. and thinks the bank will pay in full eventually. James Metcalf, of Adrian, died Wednesday morning of paralysis, aged 80 years. For a quarter of a century he had been in the dry goods business at Adrian. It will take $4,500 to run the government fish commission plant at Northville the present year. The station is expected to do the biggest business of its history. Freeman Pray, of Dimondale, tried to remove his house across Grand river on the ice. When some distance from shore it broke through and lies in 20 feet of water. Eastern horsebuyers in southwestern Michigan are picking up fancy drivers for the New York market at prices considerably higher than have prevailed in that region for several years. A lot of boys were playing with a loaded gun a few miles from Paris village, when the weapon exploded, and a 12-year-old son of John Toner was instantly killed, the charge entering below the left ear. The recent rise in the price of peppermint oil may result in the planting of an increased acreage of the herb in Van Buren and Allegan counties, where a large portion of the world's crop is grown. At the low prices received for the oil last fall the industry proved much more profitable than cereal farming.


Article from Alma Record, April 30, 1897

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fakir silly when he strikes the village of Dundee. A good idea for other towns to adopt There is to be a go d fair held at Standish this year. The president and secretary are a ready bustling to make it a success. Gratiot, however, will wait until two weeks before the date. The Bangor pickle factory has begun shipping its 55,000 bushels of pickles, to clear out in time for the new crop of cucumbers. Glanders is provalent among horses in southern Berrien county, and a number of the anımals have beea ordered killed by local veterinary surgeons. At Attica William H. Hodson, aged twenty-six,committed suicide by hanging. he was temporarily in-ane. Hodson was commander of the knights of the Maccabees tent. Many of the oldest and best miners on the Marquette iron range are going to the go'd regions of Alaska and British Co umbia in the belief that they can better their present condition. The Standard Oil Company has purchased a tract of land in Dundee and wi 1 immediately begin the construction of an oil station to supply the surrounding towns and villages. The prospects are that Croswell will have three places where you can "wet your whistle" for the coming year. The liquor dealers filed their bonds with the village dads this week. Traverse City will have another daily paper about the first of May. It will be called the Morning Record, and published by J. W. Hannen and T. T. Bates. In politics it will be republican. With Bates interested it is sure to be a success. The Manistique Pioneer-Tribune says that if trees were planted in the court y ard of that town, and cows and ball players excluded for a few years, Manis tique would haye a handsome park. At Port Huron the annex to the Sanborn e evator, with a storage capacity of 100,000 bushels of grain, was destroyed by fire Thursday, together with its contents, about 50,000 bushe's of corn and oats John F. Seeley, president of the Tuscola County bank, writes from Caro: "After talking with many farmers of this county I am convinced that the winter wheat crop will not average over sixty per cent of a good crop. I think the average estimate for our state is too high Gereral Manager George Gillette fell from the shaft in the Peninsula Box & Lumber Company's factory at Menomenee and died three hours afterward He was lifting a large door off the dry kiln when the cable broke and he fell twentyfive feet, with the heavy weights falling on him. Receiver Weadock of the First National bank of East Saginaw has received an order from the comptroller of the cur-


Article from Belding Banner, October 21, 1897

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Charles Peck, a farmer living nea Albion, narrowly escaped death by cremation. A portion of his burning roof had already fallen in before he had awoke, and upon his escape he found the barn, which was located 40 rods from the house, entirely con sumed. Loss about $3.500. The opening of the Barnum mine a Ishpeming is a substantial evidence of the return of prosperity. Itmeans the employment of nearly 500 men this fal and winter. The Barnum mine has been the life and mainstay of Ishpem ing, and since it was closed down, in July, 1894, business in that city has been practically at a standstill. The schooner Kate Winslow, carry ing 1,200 tons of pig iron, foundered in Lake Michigan, near Manistique after being abandoned in a gale by the steamer Queen of the West, which was towing her. The crew escaped in the boats and reached Whitdale. The Winslow was built in 1872, was valued at $15,000 and insured for $10,000. Receiver T. A. E. Weadock, of the First National bank, of East Saginaw is now paying off the fourth dividend to creditors of the bank, making 70 per cent thus far. The bank has a lo of redwood in California and other re sources and the hope of the receiver is when the property is disposed of, to pay 100 per cent and have a surplus. Miss Carrie Haskell, an eccentrie school teacher at Ludington, quarreled with her brothers and, although in good health, resolved to stay in bed five years. The time was almost up when she was taken sick with typhoid fever. She then expressed a desire to resume life's activities, but has died without her wish being gratified. Secretary Wade of the U. of M. re ports that the university attendance is 300 more than last year, all depart ments showing a gain, except the medical. The total is 2,909 agains 2,616. If the registration after this date equals that of 1896 the number of students in the calendar, exclusive o summer school students, will be nearly or quite 3,200. Because her parents forbade her to walk on the village streets in the even ing the 14-year-old daughter of John Worthley committed suicide at Roch ester, by taking a dose of strychnine The girl wrote a note to her parents saying she would rather die than stay home every night and requested tha her best love be conveyed to a young man in Pontine. The financial state of affairs in Bay City and Bay county is becoming badly muddled. Bay City's contingent fund has been overdrawn $35,000 and Wes Bay City is clamoring for the allow ance of a big claim. Bay City has a claim against the county for $5,000 which, added to $40,000 the county owes the state, causes the supervisor considerable worry. Ex-Senator Chas. W Jones, of Flor ida, who 10 years ago created a na tional sensation by his persistent and unwelcome attentions to Miss Clotild Palms. a Detroit heiress, died at St Joseph's retreat, a private asylum neal Detroit, where he had been taker when infatuation and repeated rejec tions broke down his once robust mind The body was taken to Florida fo burial. H. C. Morrison, of Sault Ste. Marie Hugh Ross and another man were hunting near Munoseong bay, and were walking single file through the bush Morrison being in the lead and Ros right behind him, when the gun of the later went off, pouring its deadly charge into Morrison's back and h lived but a few moments. It is sup posed that the hammer of Ross' gur was caught by a twig. Frank Phiscater, of Baroda, who brought out a fortune from the Alask gold mines. has gone to New York t dispose of a two-thirds interest in hi claims in Alaska to an English syndi cate for $1,333,000. From New Yorl he will go to Washington, having beer summoned there by Comptroller Eck els to give the treasury departmen some information regarding Alaska In February Paiscater will return t Alaska to develop his mines. It is expected a sugar beet factory will be erected at Saginaw during th coming year with a capacity of 500 ton of beets a day, which will represent an investment of about $400,000. Out o the 550 farmers of Saginaw county


Article from The Yale Expositor, October 22, 1897

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Charles Peck, a farmer living near Albion, narrowly escaped death by cremation. A portion of his burning roof had already fallen in before he had awoke, and upon his escape he found the barn, which was located 40 rods from the house, entirely consumed. Loss about $3.500. The opening of the Barnum mine at Ishpeming is a substantial evidence of the return of prosperity. It means the employment of nearly 500 men this fall and winter. The Barnum mine has been the life and mainstay of Ishpeming, and since it was closed down, in July, 1894, business in that city has been practically at a standstill. The schooner Kate Winslow, carrying 1,200 tons of pig iron, foundered in Lake Michigan, near Manistique, after being abandoned in a gale by the steamer Queen of the West, which was towing her. The crew escaped in the boats and reached Whitdale. The Winslow was built in 1872, was valued at $15,000 and insured for $10,000. Receiver T. A. E. Weadock, of the First National bank, of East Saginaw, divided tourth the No моп superscript(s) to creditors of the bank, making 70 per cent thus far. The bank has a lot of redwood in California and other resources and the hope of the receiver is, when the property is disposed of, to pay 100 per cent and have a surplus. Miss Carrie Haskell, an eccentric school teacher at Ludington, quarreled with her brothers and, although in good health, resolved to stay in bed five years. The time was almost up when she was taken sick with typhoid fever. She then expressed a desire to resume life's activities, but has died without her wish being gratified. Secretary Wade of the U. of M. reports that the university attendance is 300 more than last year, all departments showing a gain, except the medical. The total is 2,909 against 2,616. If the registration after this date equals that of 1896 the number of students in the calendar, exclusive of summer school students, will be nearly or quite 3,200. Because her parents forbade her to walk on the village streets in the evening the 14-year-old daughter of John Worthley committed suicide at Rochester, by taking a dose of strychnine. The girl wrote a note to her parents, saying she would rather die than stay home every night and requested that her best love be conveyed to a young man in Pontiac. The financial state of affairs in Bay City and Bay county is becoming badly muddled. Bay City's contingent fund has been overdrawn $35,000 and West Bay City is clamoring for the allowance of a big claim. Bay City has a claim against the county for $5,000, which, added to $40,000 the county owes the state, causes the supervisors considerable worry. Ex-Senator Chas. W Jones, of Flor-eu e created age years 01 oum ipp tional sensation by his persistent and unwelcome attentions to Miss Clotilde Palms. a Detroit heiress, died at St. Joseph's retreat, a private asylum near Detroit, where he had been taken when infatuation and repeated rejections broke down his once robust mind. The body was taken to Florida for burial. H. C. Morrison, of Sault Ste. Marie, Hugh Ross and another man were hunting near Munoscong bay, and were walking single file through the bush. Morrison being in the lead and Ross right behind him, when the gun of the later went off, pouring its deadly charge into Morrison's back and he -dns s! 4I mothents. mer B 7nq Ilved posed that the hammer of Ross' gun was caught by a twig. Frank Phiscater, of Baroda, who brought out a fortune from the Alaska gold mines, has gone to New York to dispose of a two-thirds interest in his claims in Alaska to an English syndicate for $1,333,000. From New York he will go to Washington, having been summoned there by Comptroller Eckels to give the treasury department some information regarding Alaska. In February Phiscater will return to Alaska to develop his mines. It is expected a sugar beet factory will be erected at Saginaw during the coming year with a capacity of 500 tons of beets a day, which will represent an investment of about $400,000. Out of the 550 farmers of Saginaw county


Article from The True Northerner, May 31, 1899

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FROM MANY POINTS. Condensation of Interesting Bits of News Covering a Variety of Information. Thomas B. Gregory, a prominent saw manufacturer of Muskegon, is dead. The Amazon Knitting company, of Muskegon, the largest of its kind in the country, is to be further enlarged. Another hardwood sawmill and another tie mill are to be added to Omer's list of industries in the immediate future. A special election will be held at Durund on June 5, on the proposition to bond the village for $30,000 for a waterworks system. Judge Person, of the Ingham circuit court, will report to the supreme court that the amount of back taxes remaining due the state from Gogebic county is $33,000. The comptroller of the currency announces the closing of the receivership of the First national bank of Greenville, and the First national bank of East Saginaw. Some unknown donor has sent to the city authorities of Marquette a check for $5,000 for the enlargement or improvement of the local public library building. The village of Fountain, Mason county, will be able to boast of a centenarian resident if Mrs. Jane McLane lives until the Fourth of July. Mrs. McLane was born in Scotland on July 4, 1799. For the first time Queen Victoria's birthday was celebrated in Michigan. Englishmen connected with the Adventists' institutions at Battle Creek inaugurated a celebration at Goguac lake. One of the landmarks of southwestern Michigan, the Marvin hotel at Augusta, is being torn down, and will be replaced by a modern brick structure. The old building was erected 68 years ago. Four hundred members of the German-American free mason lodges attended the annual meeting of that body in Detroit Thursday. Hugo G. Eisenlohr, of Cincinnati, was chosen president. Simon Pickerd, one of the earliest pioneers of northern Michigan, died at his home in Leland Thursday. He came north to Manitou island in 1846. At that time there was no white settler along the entire shore from Manistee to Presque Isle.