Newport Deposit Bank (Newport, PA)

Episode Information

Episode UID
953234591143
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
95323459 hash
Start Date
March 25, 1895
Location
Newport, Pennsylvania (40.478, -77.134)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7f9a36a26a64359e

Response Measures

None

Events (2)

1. March 25, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure to realize on obligations and inability to meet an exchange payment of $4,500; assets less than reported obligations leading to suspension.
Newspaper Excerpt
The Newport Deposit bank ... failed to open its doors today. Saturday afternoon they were unable to pay an exchange account ...
Source
newspapers
2. April 4, 1895 Receivership
Newspaper Excerpt
Asignees will be appointed and the affairs of the bank liquidated. L. H. Milligan is president and J. N. Irwin cashier. The stockholders are individually liable for deposits.
Source
newspapers

Newspaper Articles (8)

Article from Rock Island Argus, March 26, 1895

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Newport Bank Closed. NEWPORT, Pa., March 26.-The Newport Deposit bank, T. H. Milligan president and J. H. Irwin cashier, failed to open its doors. Saturday afternoon they were unable to pay an exchange account with the First National bank of this place for $4,500. The assets of the bank are placed at $262, 496 with liabilities of $150,298. It IS believed that the depositors will be paid in full. The failure to realize on obligations is assigned as the chief cause of the suspension.


Article from St. Paul Daily Globe, March 26, 1895

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With Big Liabilities. NEWPORT Pa., March 25.-The Newport Deposit bank, T. H. Milligan president, and J. H. Irwin cashier, failed to open its doors today. Saturday afternoon they were unable to pay an exchange account with the First National bank of this place for $4,500. The assets of the bank are placed at $262,496, with liabilities at $160,298. It is believed that the depositors will be paid in full. The failure to realize on obligations is assigned as the chief cause of the suspension.


Article from Fort Worth Gazette, March 27, 1895

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A SCHOONER BURNED. Boston, Mass., March 25.-A cable received today tells of the total destruction by fire and the saving of the crew (who landed in Havana) of the schooner Nina Tillson, Capt. Greene, from Baltimore to Galveston with coal. A. BANK FAILURE. Newport, Pa., March 25.-The Newport Deposit bank, T. H. Milligan president, and J. H. Irwin, cashier, failed to open today. Saturday afternoon they were unable to pay an exchange account with the First National bank of this place for $4500. The assets of the bank are placed at $264,500. with liabilities at $160,298. It is be. lieved that the depositors will be paid in full. The failure to realize on obligations is assigned as the cause.


Article from River Falls Journal, March 28, 1895

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THE EAST. THE father of the Maine law, Gen. Neal Dow, celebrated his 91st birthday at his home in Portland. He received hundreds of congratulatory messages from prominent temperance workers in this country and in England. THE death of Gen. Adam Badeau, who was on the staff of Gen. Grant as military secretary and who afterwards served as secretary of the American legation in London, occurred at Ridgewood. N. J., at the age of 64 years. RALPH WILKES, the famous stallion owned by the Thayer brothers and valued at $75,000, died at Lancaster, Mass. THE Yale-Cornell crew will go to England to compete for the grand challenge cup at Henley in July. CLARENCE ROBINSON was sentenced for life at Buffalo, N. Y., and his wife given twenty years for murdering Montgomery Gibbs. AT the age of 116 years Mrs. Christie Washington (colored), died at Somerville, N.J. The eldest of her children is 89 years old. THE New York health officers discovered a man stricken with leprosy who had been living in a tenement for six years. EDWARD D. BOYLSTON, the oldest editor in the state, poet, author and millionaire, died at Nashua, N. H. RICHARD VAUX, a member of the Fifty-second congress, and noted for his philanthropy, aied in Philadelphia of the grip, aged 78 years. AT Tarentum. Pa., M. K. Sutton, a nonunion glassblower, was beaten to death by strikers armed with fence rails. BY the capsizing of their boat two members of a boating party at Philadelphia were drowned in the Delaware river. THE doors of the Newport deposit bank of Perry county, Pa., were closed. ONE of New York's most famous playhouses. Niblo's garden, closed its doors permanently. It was there that Patti. when a child of 8, made her debut. AT Millis, Mass., the Steel Edge Stamping and Refining company failed for $192,636. AT Marion. Pa., Mrs. John F. Core took her 2-year-old child to a well and dropped it in and the infant was drowned. THE death of Augustus S. Baker, said to be the oldest newspaper man in New Jersey, occurred at his home at Woodbury, aged 86 years. AT Binghamton, in the meetinghouse which was erected in 1742, the 150th anniversary of the foundation of the Second Parish Unitarian church was celebrated. THE wholesale dry goods house of E. S. Jaffray & Co. in New York, established in 1809, went into the hands of a receiver with liabilities of $2,500,000.


Article from Perrysburg Journal, March 30, 1895

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ela government American citizens has against decided in the deformer's favor. Thurston of Hawaii has beMinister depart from Washington recall cided fore his to government can officially him. Secretary Herbert has torpedo contracted boat for of the construction of a cost of $150,000. the Holland type legislature at a is considering nuns a in public bill Minnesota which, if adopted, schools. will prevent teaching Citizens of Lexington, Neb., are to make urgSam Woi Tai, a Chinaman, ing for mayor of the place. bill the race house has passed a in connec- calcuIllinois to abolish truck stores state. lated with coal mines in the Louis tion of elections in St. eliminating have Revisors their work by books. will completed names from the poll Illinois 11,548 Republican leaders of the Humed urge phrey the pool legislature selling bill, to which defeat has creata storm. republican committee to sup- has Milwaukee circular urging voters judge. deissued Clemenston a for Supreme of port Emperor William, at the visited head Prince of the army, sword of Bismarck tachments and presented him a honor. Kozminski of Chicago Acade- has Maurice decorated with the Palmes been by the French government J. mique States Consul Enoch Smith- paralytic ers United died at Hioga, Japan, from a William attack. S. Kimball, vice-president and of American Tobacco company, corporations, identified the with many other Y. died at Rochester, Wilson, N. a veteran of Cedar- who ville, Sanford Ohio, was killed by robbers, set the house on fire. then R. Tucker, aged 51, an attorney in an John Jeffersonville, Ind., was killed aged 70. of with William Taylor, Ill., encounter W. Pascoe, of Galena, horses, prominent Joseph as a raiser of fine committed Glenn, suicide. a well-known resident death of Sandstone, Hugh Minn., was beaten to by Ole bank Anderson. at Mount Morris, Ill., with was The the safe being wrecked $150 was taken. dynamite. robbed, It is thought that only Incendiaries caused the total destruc- barns of Robinson & Co.'s $40,000. stock tion Decatur, Ind. Loss, near Altgeld has issued a proclama- 19, as tion Gov. designating Friday, April Arbor day. were killed and three others sawTwo injured men by the explosion Ohio. of a badly mill boiler near Van Wert, the has been offered in New York A bill senate to prohibit the wearing of tights All the by property women. of the whisky in trust acdeeded to the receivers, United cordance has been with the order of the States court. order of the dominion question governThe on the separate school ment read in the Manitoba legislature. appointed was Ludwig of Milwaukee Florence Judge T. Beattie receiver for the S. River Mining company Iron Anthony Comstock raided and Trinity archurch in New York an Baptist rested the organist for circulating obscene Von pamphlet. der Ahe, wife of the a well diMrs. baseball magnate, secured known the ground of infidelity. vorce on H. Shafer, general manager has George the Waukesha Water company, company of been appointed receiver of the by Judge operators Seaman. of Indiana are discus- one sing Coal a plan to form a pool like the recently effected in Ohio. Nashau Savings bank, the closed third The in New Hampshire, has realize on largest because of not being able to western Southern investments. passenger rates were reby local agents. stored New Orleans grand jury, investi- blame A the recent riots, lays authorities. the gating the trouble upon the state that for from Madrid minister Dispatches Senor Muruaga, Spanish and to the the United States, will resign forestall effort dismissal. was made ( in St. Louis Sa- to No the Sunday closing law. enforce stores kept their doors of open. Perry loons and Newport Deposit bank doors county, The Penn., will not open its to-day. An earthquake shock was felt at Yampa valley, Colo. of Lenox, Iowa, lost his L. fortune S. Milligan in board of trade speculation and committeed suicide. from all sections of the south Reports business to be rapidly improving show the stimulus of fine weather. under Ex-Congressman Richard Vaux, Phila- not for his philanthropy died years. in delphia ed of the grippe. aged 78 Edmund Ex-Lieutenant Governor of Nebraska, died of pneumonia office at Carnes, Seward. He was elected to the twice. Dr. W. M. B. Yonce, professor college, of Rev. languages at Roanoke at ancient Virginia, dropped dead in a church Salem. Morrison, a notorious murderer was Jim counterfeiter of Alabama, Toadvine. killed and while resisting arrest near has been proved that certain offlIt the Colorado reformatory shock- at cers Buena of Vista have been guilty of ing treatment to prisoners. Delaney of Milwaukee, was on the arMary in Washington, D. churches. C., rested of setting fire to two landcharge French, the incendiary, at jumper Walden Mo. Jim and thief, has been captured


Article from The Middleburgh Post, April 4, 1895

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# KEYSTONE STATE CULLINGS WORK OF THE GRIP. Over 300 Cases in Oil City and the Hos- pi al Asks Help. For the past five or six weeks the grip has been prevalent in Oil City, and has become almost epidemie. It is very prevalent among the children. According to the official returns made to the board of health there are at the present time about 300 cases in the city. The physicians average at least forty calls a day. It is supposed the fever comes from impurities contained in the drinking water and the unsanitary condition of the sewers and streets; therefore the board of health has ordered the streets washed and the sewers flushed. An intelligent citizen of Brookville, recently received an offer made by a New York man to "make a $1 bill go as far as a $5 bill." This struck the man in a tender spot, and he inclosed a $1 bill in an envelope and posted it to the New York firm. The desired information came promptly and was in these words: "Put both bills in an envelope, address it to some person in San Francisco, stamp the letter and deposit it in the nearest postoffice. As was expected, the Newport Deposit bank has closed its doors, General currency stringency and demands are the causes assigned for the closing. The assets are about $252,406 and the liabilities $160,293. Assignees will be appointed and the affairs of the bank liquidated. L. H. Milligan is president and J. N. Irwin cashier. The stockholders are individually liable for deposits. Miss Pearsol, of Grove City, aged 20 years, died from the effects of applying a solution to remove treckles. It was made of alcohol and corrosive sublimate. Miss Pearsol received the prescription from a friend, and took it to a druggist of Grove City to be filled. He refused, remarking "that would burn the face off you." At another store she was more successful, and applied the lotion three times Friday night. Mrs. Sakoia, the wife of a Hungarian coke worker, at Tranger, Westmoreland county, was brutally assaulted and beaten at her home. She is in a critical condition and may not recover. Two masked men entered her home and demanded her money. She gave them a considerable amount of money, the savings of her husband for months. They then maltreated her. The Keattey Bros.' oil well, located on the Perin mill tract, about one mile from Clarion, is now producing oil at the rate of six to eight barrels per day. The oil is a heavy oil, equal to the Franklin oil. Cadwallader is down 200 feet on the John C. Rood farm. W. H. Piper & Co., on the Grace farm, and Hulings Bros., on the same farm, have commenced to drill. The result of the Fayette county competitive examination was announced by County Superintendent Porter. James C. Howard, of Masontown, was the winner, with an average of 93. Bertha Baker and Florence Keighy, of Uniontown, held second and third places respectively. The "Bee Gang" will terrorize Tarentum no more. Twelve of its members are in the county jail, seven of them charged with killing Philip Kearney Sutton, and the other five with the robbery of Harif natrona. Five members of the gang are left in Tarentum. Lightning played some queer pranks on a house at Sheakleyville, east of Greenville Monday morning. Four holes were torn through the walls and nearly every picture in the house was cut as if done with a knife. A coal hod and shovel were melted into a solid mass. The Irwin plate glass company has been reorganized by Pittsburg and New York capitalists. The new company will be known as the Penn Plate Glass company, and application for a charter will be made. The new company expect to begin operation on May 1. A trolley car on the Lehigh traction road jumped the track on the mountain, near Jeansville. Mrs. Watkin L. Williams, of Hazleton, Mrs. John R. Emly, Beaver Meadows, and her 8-year-old son were killed, and and two others fatally injured. John Havak, the second of the two men entombed at No. 7 Trescow colliery, of the Lehigh Valley and Wilkesbarre Coal Company was taken out Wednesday. He was dead when found. J. P. K. Keller has been appointed to succeed J. H. Paddock, chief engineer for the Frick coke company. Paddock was murdered during the strike last summer. The salary is $5,000 per year. A big gas well was struck on the George Wilkinson farm a short distance from Wampum. The drill was down 550 feet when the strike was made This is the first well in this vicinity. Thomas Benuto, ex-auditor of Luzerne county, jumped from the second-story window of the county poor house and was instantly killed. E. M. Butz, the Pittsburg architect, was given a verdict of $2,800 in Uniontown being part of his claim for constructing the court house at that place. Clark Eckenred, a boss driver in the Millwood shaft near Greensburg, died from the effects of a blow on the head, and it is supposed to be murder. At New Castle Judge Wallace granted 33 licenses and refused 140. He ordered plain glass with curtains, substituted for stained glass windows. Thieves robbed the Bellwood, Blair county, postoffice of $150 in postage stamps Wednesday night. They escaped after exchanging shots with the watchman. D. M. Pry, appointed by the court, and Richard Hill, elected by the Republican party, both claim to be tax collectors for Burgettstown and will fight for the office. Joseph Zeigler's shoe store at Hollidaysburg, has been closed by the sheriff. Assets are placed at $12,000; liabilities much larger. The explosion of a lamp in the residence of Mrs. Samuel Lawson, at Latrobe, did damage to the extent of $600. A Pittsburg company has been securing leases in Cambria county to drill for gas and oil. As a compromise the Railroad Coal association of the Pittsburg district have offered the diggers 60 cents a ton for a year. Frank Bell Meanor committed suicide by hanging, in a barn in Finley township, Allegheny county. # Two Desperadoes Killed Thursday morning three desperadoes, Sam McWilliams, George Sanders and Sam Butler, rode into the town of Braggs station, I. T., and announced that they proposed to hold up the town. A fight between the ban-


Article from The Abbeville Press and Banner, April 10, 1895

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Domestic. THE fourteen-year-old daughter of Jacob Dean, a farmer, who lives near Harmony, Caroline County, Md., was murdered while on her way to school. Her throat was cut from ear to ear. THE Commercial Bank. Cincinnati, Ohio. assigned. The bank was compelled to make good $50,000 worth of bad paper. A MASS-MEETING was held in Cooper Union to insist upon the passage by the Legislature of reform bills affecting New York City. JOHN A. BIGELOW, an actor. shot and instantly killed Amy Thill, an actress and artsts' model, in her room. New York City. Then he fired a bullet into his temple, inflicting a wound from which he died almost immediately. THE old Nashua Savings Bank. the fifth (argest in the State of New Hampshire, closed Its doors by order of the Bank CommissionMS. MRS. MARY ANN MEDINGER was killed by a trolley car in Brooklyn. She was the trol!ey's one hundred and seventh victim in the city. OWING to the enormous demand for our apples abroad the retail price of good fruit advanced to fancy figures. THE tallow caked and the big ship St. Paul could not be dragged from the ways at Cramp's shipyard, Philadelphia. It was the first failure of the kind at Cramp's in twenty-two years. THERE was discovered at Chicago a shortage of nearly $2,000,000 in the accounts of the Whisky Trust. THE Newport (Penn.) Deposit Bank failed to open its doors owing to the general stringency of currency. Approximately the assets are $262,406 and liabilities $160,298. E. S. JAFFRAY & Co., the well-known drygoods house of New York City, went into the hands of receivers for liquidation. COLLIS P. HUNTINGTON. President of t. Southern Pacific Company, was indicted at San Francisco, Cal., by the United States Grand Jury for violating the Inter-State Commerce law. SIDNEY W. SPRAGUE. cashier of the Continental Clothing Company, was arrested at Boston, Mass., charged with embezzlement of the funds of the concern to the extent of $25,000 or $30,000. IN New York City flfteen election inspectors and voters charged with felonies and misdemeanors were arrested on indictments. A JEWELRY store in upper Sixth avenue, New York City. was robbed in daylight of diamonds valued at $6000. The clerk in charge was called to a carriage. MAYOR STRONG, of New York City, appointed Edwin Einstein a Dock Commissioner, Dr. Daniel E. McSweeney a School Commissioner, and J. Van Vechten Oleott a Civil Service Commissioner. THE New Jersey Legislature took a recess to June 4. when it will meet to hear the report of the Voorhees Investigating Committee. A TRAIN, southbound, was stopped by five masked robbers just outside Victor, Col. The bandits went through the mail and express car, but found nothing valuable. The robbers relieved passengers of $500 and watches. Two were tracked by a bloodhound and captured in a log cabin in the woods.


Article from Juniata Sentinel and Republican, July 31, 1895

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Oats ripens unevenly this year. A number of farmers in this county have their oats in their barns. Oth- ers are not through with the cutting. Mrs. Capt Irwin, of the Soldiers' Home in Washington, D. C., and Miss. Etta Kelton, daughter of Gen- eral Kelton, are guests of the Misses Irwin. The defunct Newport Deposit bank will soon pay a portion of mon- ey to depositors, say ten per cent. from money now in the hands of As- signees. A water-melon, weighing 87 pounds was sent from Georgia to Governor McKinley last week. The melon was three feet long. The freight on it was $2.50. Victor Auman of Harrisburg visit- ed his parents Mr. and Mrs. W. E Aumau on 6th street last week. He has since returned to his home in Harrisburg. Nellie Crawford, aged three years, daughter of Wm. Crawford, in Pat- terson, died last Friday, of lockjaw, caused by running a hemlock splin- ter in her foot. Quay is like Lincoln in this. He trusts the inate honesty of the people to do what is right, and like the great martyr to human liberty, fa- vors submitting great questions of public interest to a vote of the peo- ple. An open air vesper praise service on the Court House lawn, next Sun- day evening at 6.30, under the aus- pices of the United Young Peoples' Socitles of the churches. Every body in the community come. Bring your camp chairs with you. The thrilling songs will stir your soul. *** Dr. B. F. Ackley has in his posses- sion, apparently one of the oldest glass bottles in this place. It is branded: "On to Pike's Peak," and has an eagle on one side and a man walking on the other. Some people are inclined to believe that it was manufactured before railroad times. Rev. Mr. Raven of Phillipsburg, N. J., preached two acceptable sermons for the Presbyterians last Sunday. The evening sermon was on the sub- ject of "the heart power, born of Faith in Christ." Mr. Raven open- ed his sermon by stating the trouble in one of the first Christian churches in Asia over the question of circum- cision. A number of the congrega- tion were of the Gentile population. A number of the congregation were of the Jew population, raised under the Mosaic Law, believing in circum- cision. The Jew Christians desired to have everyone circumcised who joined the new church and the Gen- tiles insisted that circumcision was not necessary. When the factional fight was at its heigth Paul, who himself was a Jew, having been cir- cumcised according to the Mosaic dispensation, appeared among them and interpreted the true meaning of Christianity. That it was not cir- cumcision or uneircumcision, but faith in Christ. It was a new doc- trine of great power that was work- ing its way among men and influenc- ing their every day life. From this brief historical statement of the trou- ble that had sprung up in the early Christian church over the adminis- tration of the Mosaic Law and the true meaning and power of the new church. Mr. Raven proceeded to consider the powers that up to that time influenced the minds of men. A great power among men in the early history of people was the phys- ical power. Classical story abounds with narratives of the physical pow- er of individuals who became great and powerful in influencing the masses. A long line of ancestry was a power in those days to influence men, illustrious deeds or capability for accomplishing distinguished achievements, enobled men, and rais- ed their families to influential power among men. Wealth was a great power to influence men to almost un- limited degree. The power of the intellect influenced men to a great degree. The orator and the writer or scribe had an influence among men that was felt almost beyond comprehension. Such were the great powers that influenced men up to the coming of the babe in the manger, but with that child came a new power. The heart power, faith and love in Christ. It is greater than physical power, greater than the power of a long line of ancestry of noble deeds, greater than the pow of wealth, greater than the power of intellect to influence and lift men up into the way of correct living, and prepares them for the world beyond the grave. Physical power, the pow- er of ancestry, the power of wealth, the power of intellect all end with a man, but the new power that Christ taught, the heart power, lifts to a higher and better life when death comes to claim us all. # Tuscarora Valley Railroad. Trains on the Tuscarora Valley