9254. Lowell National Bank (Lowell, MI)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
1280
Charter Number
1280
Start Date
September 9, 1888
Location
Lowell, Michigan (42.934, -85.342)

Metadata

Model
gpt-5-mini
Short Digest
28cad28e

Response Measures

Full suspension, Books examined

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1888-09-19
Date receivership terminated
1890-04-24
OCC cause of failure
Losses
Share of assets assessed as good
43.4%
Share of assets assessed as doubtful
55.6%
Share of assets assessed as worthless
1.0%

Description

Contemporary articles report a heavy run a few days before Sept. 11, 1888; the bank was closed by Examiner Nash on Sept. 11, 1888 due to protested paper (Star Cutter Company) leaving the bank unsecured. A receiver (John S. Lawrence) was appointed later (reported Sept. 20, 1888). The failure is described as permanent/insolvent. Later dividends were paid to creditors (total 90%).

Events (5)

1. June 14, 1865 Chartered
Source
historical_nic
2. September 9, 1888 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals followed discovery that the bank was carrying paper of the Star Cutter Company which went to protest and left the bank unsecured.
Newspaper Excerpt
There was a heavy run on this bank few days ago and it was thought that if the directors were allowed a little time they would be able to raise funds sufficient to meet it.
Source
newspapers
3. September 11, 1888 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by examiner after Star Cutter Company's paper was protested and liabilities were left uncovered; directors unable to raise funds to meet run.
Newspaper Excerpt
Bank Examiner Nash to-day closed the Lowell National Bank of this city.
Source
newspapers
4. September 19, 1888 Receivership
Source
historical_nic
5. September 20, 1888 Receivership
Newspaper Excerpt
The Controller has appointed Mr. John S. Lawrence, of Grand Rapids, Mich., as receiver of the Lowell National Bank of Lowell, Mich., which closed its doors on the 11th inst.
Source
newspapers

Newspaper Articles (16)

Article from The Indianapolis Journal, September 12, 1888

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Article Text

Business Embarrassments. LOWELL, Mich., Sept. 11.-Bank Examiner Nash to-day closed the Lowell National Bank of this city. The bank has been carrying a line of the Star Cutter Company's paper which was allowed to go to protest, and nothing was done by the bank to cover the liabilities. The Star company sold out last week, leaving the bank unsecured. It is claimed that the bank will be all right in a few days. Its capital stock is $50,000, and it has a surplus of $13,000. SALEM, Mass., Sept. 11.-Rich & Woodbury, shoe manufacturers, assigned. Liabilities, about $75,000.


Article from Richmond Dispatch, September 14, 1888

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A Bank's Affairs Muddled. (By telegraph to the Dispatch.) Washington, September 13.-The Acting Comptroller of the Currency received a telegram to-day saying that the Lowell National Bank, of Lowell, Mich., had failed, and that Bank-Examiner Nash is in charge of its affairs. There was a heavy run on this bank few days ago and it was thought that if the directors were allowed a little time they would be able to raise funds sufficient to meet it. They were, however, unable to do 80 and were forced to suspend. DETROIT, September 13.-The closing of the Loweli (Mich.) bank will be permanent. The Bank Examiner finds the affairs of the bank so badly muddled that he has ordered the business wound up. It will be a severe blow to the stockholders, who include nearly everybody in the town.


Article from The Kenosha Telegraph, September 14, 1888

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LOOSE MANAGEMENT. It Causes the Suspension, Temporarily, at Least, of a Lowell (Mich.) Bank. C LOWELL, Mich., Sept. 12.-The Lowell National Bank had been closed by the bank examiner. The bank had been carrying a line of the Star Cutter Company's paper, which was allowed to go to protest and nothing was done to cover the liabilities. The Star Company sold out last week and left the bank unsecured. It is claimed that the concern will be all right in a few days. The capital stock is $50,000, and it has a surplus of $13,000.


Article from Mower County Transcript, September 19, 1888

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LOOSE MANAGEMENT. It Causes the Suspension, Temporarily, at *** Least, of a Lowell (Mich.) Bank. [LOWELL, Mich., Sept. 12-The Lowell National Bank had been closed by the bank examinor. The bank had been carrying a line of the Star Cutter Company's paper, which was allowed to go to protest and nothing was done to cover the liabilities. The Star Company sold out last week and left the bank unsecured. It is claimed that the concern will be all right in a few daya The capital stock is $50,000, and it has a surplus of $13,000.


Article from River Falls Journal, September 20, 1888

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LOOSE MANAGEMENT. It Causes the Suspension, Temporarily, at - Least, of a Lowell (Mich.) Bank. [LOWELL, Mich,, Sept. 12-The Lowell National Bank had been closed by the bank examiner. The bank had been carrying a line of the Star Cutter Company's paper, which was allowed to go to protest and nothing was done to cover the liabilities. The Star Company sold out last week and left the bank unsecured. It is claimed that the concern will be all right in a few days The capital stock is $50,000, and it has a surplus of $13,000.


Article from Evening Star, September 20, 1888

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WASHINGTON NEWS AND GOSSIP. RECEIVER APPOINTED.-The Controller has appointed Mr. John a Lawrence, of Grand Rapids, Mich., as receiver of the Lowell National Bank of Lowell, Mich., which closed its doors on the 11th inst.


Article from The Indianapolis Journal, September 21, 1888

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Washington News Notes. WASHINGTON, Sept. 20.-There is 8 rumor current late to-night to the effect that the President will, within a few days-possibly to-morrow-nominate Gen. John G. Parkhurst to succeed Lambert Tree as minister to Brussels. The Secretary of the Treasury has appointed John S. Lawrence, of Grand Rapids, Mich., receiver of the Lowell National Bank, of Lowell, Mich. W. H. Knight, a postal clerk on the Louisville & Nashville railroad, has been appointed superintendent of mails at Cincinnati, vice S. G. Sullivan removed.


Article from Alma Record, September 21, 1888

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WOLVERINE WHISPERINGS. A peculiarly horrible accident occurred a few days ago in Wm. Smith's mill at Eaton Rapids. Wm. Gilmore, a blacksmith aged 40 years, who was employed in the mill, had gone into the basement and stretched himself upon the great belt for a nap, when the owner and some friends came in to look things over and see how the machinery worked. In showing the property Mr. Smith threw open the flood gates to start the water wheel, not knowing of Gilmore's presence in the building, and that unfortunate individual was carried to the big pulley, and there his head and the upper portion of his body were crushed to jelly. Death was instantaneous. He leaves a large family in straitened circumstances. Mrs. Peter R. Morey died at her residence at Round Lake, near Adrian. a few day ago. She was the relict of Michigan's first attorney general, filling a prominent social position in Detroit 40 years ago. Ex mayor George H. White of Grand Rapids, one of the pioneers of Kent county, is dead. Mary Colton Boise, wife of Hon. J. K. Boise of Hudson, died on the 10th inst. In addition to voting for presidential electors, state officers, congressmen and local officers this fall, the voters in Michigan have two other questions. One is an amendu ent to the constitution relative to circuit courts. It provides for the election of more than one circuit judge in the Detroit and Saginaw circuits, and authorizes boards of supervisors in Saginaw, Wayne and the upper peninsula counties to pay the judges such salary in addition to that fixed by the constitution as may be determined upon by such boards. The new general banking law to be submitted to the people is act No. 205 of the laws of 1887, beginning on page 242. Under our constitution no general change in the Michigan banking laws can be made except by consent of the people of the polls. The Michigan weather service monthly report shows the mean temperature for August to have been 2 -10° below the normal for thirteen years, being below at all points, and running as low as 28° in Ionia county on the 28th. The rainfall was 2.48 inches, being 72-100 below the normal for thirteen years. Frosts were reported on seven days. The percentage of verification of weather signals was 74. An elevator with a capacity of 250,000 bushels is being constructed at Gladstone. James C. Long has been arrested in Presque Isle county, charged with forging checks on the Alpena National bank. There seems to be no doubt that silver in moderately paying quantities has been found in the Iron river district in the upper peninsula. Phil T. Colgrove of Hastings, who has been nominated for the state senate in the eleventh district, is the head of the order of the Knights of Pythias of this state. The annual report of the board of poor commissioners of Detroit, shows expenditures to the amount of $34,714 11 and a balance in the treasury of $3,124 11. The report shows that 20 persons were furnished transportation: 112 poor patients were treated in St. Mary's hospital, 92 at Harper hospital and three at the House of Providence, total 207. The nativity of persons aided is as follows: United States, 294: Germany, 260: Ireland, 203: Canada, 124: Poland, 87, England, 61; Russia, 24: Scotland, 19: Bohemia, 12; France, 10; Holland 4: Switzerland, 4: Italy 3; Belgium, 3: Sweden, Wales and Loraine, each 2; Denmark, 1. Bank Examiner Nash has closed the Lowell national bank at Lowell. The bank has been carrying a line of the Star cutter company S paper, which was a lowed to go to protest and nothing was done by the bank to cover the l'abilities. The Star company sold out leaving the bank unsecured. It is claimed the bank will be all right in a few days Its capital stock is $0,000 and it has a surplus of $13,900. The surv vors of the First Michigan Infantry held a reunion in Jackson on the


Article from Perrysburg Journal, September 21, 1888

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LOOSE MANAGEMENT. It Causes the Suspension, Temporarily, at - Least, of a Lowell (Mich.) Bank. [LOWELL, Mich., Sept. 12-The Lowell National Bank had been closed by the bank examiner. The bank had been carrying a line of the Star Cutter Company's paper, which was allowed to go to protest and nothing was done to cover the liabilities. The Star Company sold out last week and left the bank unsecured. It is claimed that the concern will be all right in a few days. The capital stock is $50,000, and it has a surplus of $13,000.


Article from St. Paul Daily Globe, September 21, 1888

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Capital Cullings. Rear-Admiral Kimberly, commanding the Pacific station, telegraps the secretary of the navy from San Francisco, that he has sent word to the commander of the United States ship Nipsic at Callao, to proceed at once to Samsa for the protection of American interests, The secretary of the treasury has decided that jute bagging exported as covering of cotton cannot be imported free of duty, but is subject to a duty of 1½ cents per pound, unless it is waste bagging and only fit to be converted into paper. The comptroller of the currency has appointed John'S. Lawrence, of Grand Rapids, Mich., as receiver of the Lowell Nationa bank, of Lowell, Mich., which closed its doors on the 11th inst. The tariff committee of the senate will today or to-morrow begin a hearing on the sugar schedule, for which purpose parties in interest have been subpœnaed. The hearing will be public.


Article from Iron County Register, September 27, 1888

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PERSONAL AND GENERAL THE New York State convention of the United Labor party was held in New York City on the 19th. A BILL to authorize the President to appoint General Rosecrans a BrigadierGeneral on the retired list of the army was introduced by Senator Manderson on the 17th. RECENT heavy rain-storms caused an unprecedented rise in the small streams of New Jersey. Many bridges were washed away and public roads damaged. TWENTY deaths and 156 new cases marked the 18th as the most terrible day up to that date of the yellow fever visitation at Jacksonville, Fla. THE Grand National Curling Club Association of America met in its twentysecond annual session, in New York, on the 19th. The next meeting will be at Albany. THE Cherokee Strip Live Stock Association adjourned its session at Caldwell, Kas., on the 19th, after passing resolutions turning over to the Cherokee Council all the improvements, fences, etc., in the strip leased by the association. JOHN G. WHITFIELD, the actor, has been pronounced insane, and was removed to an insane asylum on Ward's Island, N. Y.. on the 19th. HOHENBERG, the retired German officer who was arrested at Nice, France, recently, on a charge of espionage, was, on the 19th, committed for trial. IN a speech at a conference of RadicalUnionists at Bradford, England, on the 19th, Mr. Joseph Chamberlain declared that the Unionists would protect the minority in Ireland, and preserve the honor and integrity of the country. HON. GEORGE D. TILLMAN was renominated for Congress by the Second Ohio district Democratic convention, on the 19th, after a dead-lock of nearly a month, during which over six hundred ballots were taken. THOMAS H. GREEVY was nominated for Congress by the Democrats of the Twentieth Pennsylvania district on the 19th. THE Democrats of the First New Jersey district, on the 19th, nominated General Wm. Brindle for Congress. THE Empress Victoria, widow of the late Emperor Frederick of Germany, will visit her royal mother, the Queen of England, at Balmoral, early in October. THREE THOUSAND cases of flannel were sold at auction in New York on the 19th. The prices obtained averaged from 14½ to14% cents per yard. THE cotton operatives on strike in Bolton, England, accepted the masters terms, on the 19th, and resumed work. CARL COTTA, the Munich publisher, died on the 19th. THE body of a German gendarme, with a bullet-hole in the head, was found on French territory on the 19th. It is thought that the man committed suicide. ONE death from yellow fever occurred at Decatur, Ala, on the 20th. IT was rumored in Washington, on the 20th, that the President was about to appoint General John G. Parkhurst to succeed Lambert Tree as Minister to Russia. THE New York County Democracy held a large ratification meeting at Cooper Union, on the 20th, Hon. P. A. Collins, Senator Blackburn and Congressman O'Neil, of St. Louis, being among the speakers. THE New York Produce Exchange, on the 20th, decided to make the opening hour in that city each day 10:30 a. m., and the closing hour 1:15 p. m. THE Controler of the Currency, on the 20th, appointed Mr. John R. Lawrence, of Grand Rapids, Mich., as receiver of the Lowell National Bank, of Lowell, Mich., which closed its doors on the 11th inst. THE Secretary of the Treasury decided, on the 20th, that jute bagging exported as covering of cotton can not be re-imported free of duty, but is subject to a duty of 1½ cents per pound, unless it is washing bagging, and only fit to be converted into paper. A LARGE number of changes have recently been made in superintendents of the Railway Mail Service, but two Republicans remaining in the ranks on the 20th. DURING a political meeting in the Belleville Avenue Rink, at Newark, N. J., on the night of the 20th, the music gallery fell, injuring eleven men and boys, some of them seriously. Tax United Labor State convention held in New York, on the 20th, indorsed Warner Miller, the Republieau candidate for Governor. COUNT PARR, the Austrian Ambassador to the Vatican, is about to retire


Article from St. Landry Democrat, September 29, 1888

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PERSONAL AND GENERAL IN a speech at a conference of Radicalb Unionists at Bradford, England, on the 19th, Mr. Joseph Chamberlain declared that the Unionists would protect the minority in Ireland, and preserve the honor and integrity of the country. HON. GEORGE D. TILLMAN was renominated for Congress by the Second Ohio district Democratic convention, on the 19th, after a dead-lock of nearly a month, during which over six hundred ballots were taken. THOMAS H. GREEVY was nominated for Congress by the Democrats of the Twentieth Pennsylvania district on the 19th. THREE THOUSAND cases of flannel were sold at auction in New York on the 19th. The prices obtained averaged from 14 1/4 to141/2 cents per yard. THE cotton operatives on strike in Bolton, England, accepted the masters terms, on the 19th, and resumed work. CARL COTTA, the Munich publisher, died on the 19th. THE body of a German gendarme, with a bullet-hole in the head, was found on French territory on the 19th. It is thought that the man committed suicide. ONE death from yellow fever occurred at Decatur, Ala., on the 20th. IT was rumored in Washington, on the 20th, that the President was about to appoint General John G. Parkhurst to succeed Lambert Tree as Minister to Russia. THE New York County Democracy held a large ratification meeting at Cooper Union, on the 20th, Hon. P. A. Collins, Senator Blackburn and Congressman O'Neil, of St. Louis, being among the speakers. THE New York Produce Exchange, on the 20th, decided to make the opening hour in that city each day 10:30 a m., and the closing hour 1:15 p. m. THE Controler of the Currency, on the 20th, appointed Mr. John R. Lawrence, of Grand Rapids, Mich., as receiver of the Lowell National Bank, of Lowell, Mich., which closed its doors on the 11th inst. THE Secretary of the Treasury decided, on the 20th, that jute bagging exported as covering of cotton can not be re-imported free of duty, but is subject to a duty of 1 1/2 cents per pound, unless it is washing bagging, and only fit to be converted into paper. A LARGE number of changes have recently been made in superintendents of the Railway Mail Service, but two Republicans remaining in the ranks on the 20th. DURING a political meeting in the Belleville Avenue Rink, at Newark, N.J on the night of the 20th, the music gallery fell, injuring eleven men and boys, some of them seriously. THE United Labor State convention held in New York, on the 20th, indorsed Warner Miller, the Republican candidate t for Governor. t COUNT PARR, the Austrian Ambassador d to the Vatican, is about to retire. MAYOR LEE of Denver, Col., forwarded $1,950 to Jacksonville, Fla., on the 20th, f being the amount subscribed in that city for the aid of the yellow fever sufferers. FIRE destroyed the First Presbyterian Church at New Brunswick, N.J., on the 19th. Loss, $35,000; insurance, $31,500. a THE Democrats of the twenty-second New York district nominated Geo. C. 8 Sawyer, of Canton, for Congress, on the 20th. d SAMUEL ROADS, of Marblehead, Mass., f was nominated for Congress by acclamaf ion in the Democratic convention at cl Newburyport on the 20th. st THE death of Prof. Jamieson, the Belb rian naturalist, at Banglas, on the Congo iver, was announced on the 21st. EMPEROR WILLIAM of Germany, on the in 0th, confirmed the election of Prof. HarG ack to the chair of church history at the al British University in Berlin. This action tr regarded as a heavy blow to the exreme church party. THE Senate, on the 21st, passed the bill la reating a Department of Agriculture, th nd providing for a Secretary of Agria ulture. sb


Article from Telegram-Herald, December 28, 1888

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Lawrence in Washington, EXPLESIVE TO THE TELEGRAM-MERALD WASHINGTON, Dec. 27.-Hon. John S. Lawrence, of Grand Rapids, is in the city. Mr. Lawrence is receiver of the Lowell National bank and is here on business for the bank.


Article from Evening Star, April 25, 1889

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WASHINGTON NEWS AND GOSSIP. THREE NEW BANKS.-The controller of the currency has authorized the organization of the following banks: First National of Murphysboro', Ills., capital $50,000, W. G. K. Murphy. president, and Willard Wall, cashier; First National of Beaumont, Tex., capital $100,000, V. Wiess, president, and J. P. Alvey, cashier, and the Washington National of Tacoma, W. T., capital $100,000, E. L. Scarriit, president, and C. S. Bridges, cashier. CHIEF OF DIVISION APPOINTED.-The Secretary of the Treasury to-day appointed Daniel A. Grosvenor, of Ohio, to be a chief of division in the office of the first controller. He is a brother of Representative Grosvenor, and was formerly a clerk in that bureau. THE NEW YORK CUSTOM-HOUSE SITE.-Mr. Chas. E. Coon, formerly assistant secretary of the treasury, to-day made arguments before both assistant secretaries and the supervising architect of the treasury with to the selection of a site for the new New York custom-house. He represented the interests of the heirs of the estate to which the present site belongs. NEED NOT EMPLOY ATTORNEYS.-War veterans, who are entitled to commutation for the loss of the use of their limbs by disease or injury, are now filing their claims in vast numbers. It is stated at the office of the surgeon-general of the army that a considerable percentage of the money which Congress intended for these disabled soldiers is unnecessarily wasted in attorney's fees. Notice is given that all such claims can be settled by a letter to the surgeon-general of the army, without incurring any expense to the claimant. WILL NOT RECEIVE.-The President will not receive visitors to-morrow or Saturday. The President has several matters on hand that he desires to dispose of before his departure for New York. They will occupy almost his entire attention to-morrow and Saturday, and will render it impossible to receive visitors on those days, except such as call Saturday afternoon at 1 o'clock to pay their respects. SECOND DIVIDEND.-The acting controller of the currency has declared a second dividend, 50 per cent, in favor of the creditors of the Lowell National bank, of Lowell, Mich., insolvent. This makes in all 90 per cent on claims proved, amounting to $88,835.73. The bank failed Sept. 11, 1888. PERSONAL.-Among late arrivals at the Caton cottage hotel, Fortress Monroe, are the following from Washington: Paul D. Sullivan, Mrs. J. N. Jordan, J. N. Jordan, jr., Mrs. C. Mayfield, Miss Ada Brown. Mrs. F. Cairns, Mrs. A. M. Moore, Miss Mary Moore. Mrs. Edward Middleton and Miss Middleton.Col. A. G. Newton, formerly of Alexandria and Norfolk, is lying dangerously ill at his residence, 1140 Connecticut avenue, in this city. -Gen. B. Runkle of the navy, and Dr. Chas. S. Albru of New York, are at the St. James. -The Rev. Daniel Hills, D. D., retired, chaplain of the United States army, has recently received the degree of doctor of laws from Washington college, Tennessee. O. W. Whitney, E. D. Wilbur, H. A. Woodruff, J. Z. Demarest, and Wm. P. Howe of New York, E. W. Shepherd of the army, J. W. McClury and W. Goodwin of the navy, and P. S. Randolph of Pittsburg, at the Ebbitt. Geo. W. Steele of Marion, Ind., W. H. B. Stout of Lincoln, Deniel Coolidge of Philadelphia, and Wm. Pierce of Pittsburg areat the Riggs.-G.Wm. McLanahan of New York is at the Normandi. Geo. H. Shields of St. Louis, Rodney C. Ward of Brooklyn and Chas. Adams of New York are at the Arno.-T. B. Biddle of Philadelphia and T. Steyman of New York are at Wormley's. -W. B. Hughes, L. Aspinwall, Chas. Watrous, Wm. J. Best and J. W. Brownson, of New York, and Wm. Thompson of Philadelphia are at Welcker's. B.Z. Aplington of La Salle, Ill., M. H. Feilton of Pittsburg. Howard Paddock of Albany and


Article from Oxford Eagle, May 2, 1889

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THE Bank of Montreal declared . straight dividend of five per cent without any bonus, on the 24th THE great Rockaway Hotel at Rockaway Beach, N.J., erected several years ago at a cost of over one million dollars, was sold on the 24th for $294,000. THE visible supply of cotton is 2,591,184 bales, against 2,518,924 last year, and 2,573,825 the previous year, Crop in sight 6,630,786 bales against G. 587,653 last year. W.F. DULMAGE crown timber inspector at Rat Portage, Man., left town suddenly a few days ago. An investigation shows him to be $20,000 short in his accounts. R.L. WRITAKER, book-keeper and enafidential elerk for the plumbing firm of Smith & Conners, at Cleveland, O., has bera arrested for embezzling the firm's money. The shortage is said to be $11, 000. A RIG oil well was struck near Legion ville, Beaver County. Pa.. on the 25th The oil gushed out to a height of 115 feet Six hundred to eight hundred barrels is the estimated flow. THE King of Roumania, on the 25th officially announced that his nephew, Prince Ferdinand, would be his heir, and that . residence for him would be built at Bacharest. Massas. KASSON BATES AND PHELPS the American commissioners to the Sa. mean conference at Berlin. departed from London for Berlin on the 26th. THE Ohio Encampment G. A. R. in cassion at Dayton, on the 25th, elected Gen. eral Samuel H. Harst, of Chillicothe, Department Commander, and passed resolutions favoring a pension of eight dollars per month to every soldier, with one ceat per day per month in addition for over ninety days' service. SECRETARY NOBLE, on the 25th, directed an investigation of the reports that Gov. ernment officials had used their authority as officers to secure entry to land in Oklahoma Territory. : SEVENTY-FIVE of the striking street-car e men of Minneapolis, Minn.. accepted the I company's terms, on the 25th, and went to work. Cars were run on every line in the city with afall quota. a CHARLES A. BERRY, of Malden Mass. whose foot was cut off by a train on the 24th. died in Boston on the 25th. The deceased was employed as a drummer by John H. Pray & Son, carpet dealers. Ox the 25th, Secretary of War Proctor visited the Watervliet Arsenal on bustf ness connected with the building of a new gun foundry. : GENERAL MANAGER HICKSON of the I Grand Trunk railway, on the 25th. ordered that no freight trains be run on Sunday, e except those carrying live-stock and perk ishable goods. It is stated that the Delaa ware & Hadson Railway Company is in L sympathy with the movement. THE newly-appointed Minister to Spain, ex-Senator Palmer, of Michigan, was ten, dered a farewell banquet by the citizens of Detroit, irrespective of party, on the night of the 25th. It wis a brilliant afa fair, and continued to a late hour. THE funeral of Mrs. D. C. M. Pierce, the : "big woman," of Dover, N. H., took place e on the 25th. It required eight persons to N place the body in the casket, and all the a trimmings, handles, etc., had to be reF moved to allow the casket to pass between the doors. $ MARK MAGUIRE, familiarly known as "Toppy" Maguire, the oldest reporter on the New York City press, died at his d home in Hartell on the 21th. He was sev e enty-five years of age. The cause of his death was a carbancle, which first ape peared a year ago on the top of his spine. F He was born at sea August 1. 1814. DANIEL A. GROSVENOR, of Ohio, was, . on the 25th, appointed chief of a division t in the office of the First Comptroler of the Treasury Department. Mr. Grosvenor is a brother of Representative GrosE venor. , THE acting Comptroler of the Currency, on the 25th, declared a second dividend of fifty per cent. in favor of the creditors of e the Lowell National Bank. of Michigan, L which failed September 11, 1888, This makes in all ninety per cent. paid to the creditors of the bank on claims proved y amounting to $88,835.


Article from Iron County Register, May 2, 1889

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THE visible supply of cotton is 2,281,184 bales. against 2,518,924 last year, and 2,575,825 the previous year, Crop in sight 6,659,786 bales against 6, 587,653 last year W. F. DULMAGE, crown timber inspector at Rat Portage, Man., left town suddenly a few days ago, An investigation shows him to be $20,000 short in his accounts. THE Bank of Montreal declared straight dividend of five per cent without any bonus, on the 24th. A BIG oil well was struck near Legion ville, Beaver County, Pa., on the 25th. The oil gushed out to a height of 115 feet Six hundred to eight hundred barrels the estimated fiow. THE King of Roumania, on the 25th, officially announced that his nephew, Prince Ferdinand, would be his heir, and that residence for him would be built Bucharest. MESSRS. KASSON, BATES AND PHELPS, the American commissioners to the moan conference at Berlin, departed from London for Berlin on the 26th. THE Ohio Encampment G. A. R., in session at Dayton, on the 25th, elected General Samuel H. Hurst, of Chillicothe, Department Commander, and passed lutions favoring a pension of eight dollars per month to every soldier, with cent per day per month in addition for over ninety days' service. SECRETARY NOBLE, on the 25th, directed an investigation of the reports that Government officials had used their authority as officers to secure entry to land in Oklahoma Territory. SEVENTY-FIVE of the striking street-car men of Minneapolis, Minn., accepted the company's terms, on the 25th, and went to work. Cars were run on every line in the city with a full quota. CHARLES A. BERRY, of Malden, Mass., whose foot was cut off by a train on the 24th, died in Boston on the 25th. The deceased was employed as a drummer by John H. Pray & Son, carpet dealers. ON the 25th, Secretary of War Proctor visited the Watervliet Arsenal on business connected with the building of a new :Apunoj unS GENERAL MANAGER HICKSON of the Grand Trunk railway, on the 25th, ordered that no freight trains be run on Sunday, except those carrying live-stock and perishable goods. It is stated that the Delaware & Hudson Railway Company is in sympathy with the movement. THE newly-appointed Minister to Spain, ex-Senator Palmer, of Michigan, was tendered a farewell banquet by the citizens of Detroit, irrespective of party, on the night of the 25th. It was a brilliant affair, and continued to a late hour. THE funeral of Mrs. D. C. M. Pierce, the "big woman," of Dover, N. H., took place on the 25th. It required eight persons to place the body in the casket, and all the trimmings, handles, etc., had to be removed to allow the casket to pass between the doors. MARK MAGUIRE, familiarly known as "Toppy" Maguire, the oldest reporter on the New York City press, died at his home in Hartell on the 24th. He was seventy-five years of age. The cause of his death was a carbuncle, which first appeared a year ago on the top of his spine. He was born at sea August 1, 1814. DANIEL A. GROSVENOR, of Ohio, was, on the 25th, appointed chief of a division in the office of the First Comptroler of the Treasury Department. Mr. Grosvenor is a brother of Representative Gros".1000 THE acting Comptroler of the Currency, on the 25th, declared a second dividend of fifty per cent. in favor of the creditors of the Lowell National Bank, of Michigan, which failed September 11, 1888. This makes in all ninety per cent. paid to the creditors of the bank on claims proved amounting to $88,835. EMMA RATH, seventeen years old, was 'A N at 66 March uo buried Her father believed that she had been buried alive, and a few days ago he the discovered that his