Article Text
Peabody Bank Suspends. Peabody. Mass., Sept 19. - -By order of the board of directors the South Daners National bank closed its doors today. A receiver was appointed.
South Danvers National Bank (Peabody, MA)
Episode Information
- Episode UID
95801209- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
9580national - Charter Number
- 958
- Start Date
- September 19, 1900
- Location
- Peabody, Massachusetts (42.528, -70.929)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
2a361a1023bff3c4
Response Measures
None
Receivership Details
- Depositor recovery rate
- 81.0%
- Date receivership started
- 1900-09-19
- Date receivership terminated
- 1910-06-30
- OCC cause of failure
- Excessive lending
- Share of assets assessed as good
- 18.0%
- Share of assets assessed as doubtful
- 74.6%
- Share of assets assessed as worthless
- 7.4%
Description
Receiver appointed Sept 19, 1900; later reporting documents heavy loan losses and alleged embezzlement.
Events (3)
1.
March 31, 1865
Chartered
- Source
- historical_nic
2.
September 19, 1900
Receivership
- Source
- historical_nic
3.
September 19, 1900
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed by directors and receiver appointed after heavy loan losses and later revealed embezzlement and questionable loans.
- Newspaper Excerpt
- By order of the board of directors the South Daners National bank closed its doors today. A receiver was appointed.
- Source
- newspapers
Newspaper Articles (15)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Bank Closes Its Doors. WASHINGTON, D. C., Sept. 19.-The comptroller of the currency this morning received a telegram stating that, by order of its board of directors, the South Danvers National Bank, of Peabody, Mass., had closed its doors. The capital of the bank is $150,000; surplus and undivided profits, $70,463; Individual deposits, $233,529; due to other national banks, $15,449; borrowed money, $106,276. Bank Examiner Irvin B. Sayles has been appointed receiver for the bank.
Click image to open full size in new tab
Article Text
New England Bank Fails. Washington, Sept. 10.-The comptroller of the currency has received a telegram stating that. by order of its board of directors, the South Danvers National bank of Peabody, Mass.. has closed its doors. The capital of the bank is $150,000; surplus and undivided profits, $70,463; individual deposits. $233,529; due to other national banks, $15,449; borrowed money, 8106276. Bank Examiner Irvin B. Sayles has been appointed receiver for the bank. No reason is given for the failure.
Click image to open full size in new tab
Article Text
A PEABODY BANK CLOSED. SOUTH DANVERS NATIONAL CLOSES ITS DOORS. Washington, Sept. 19.-The Controller of the Currency this morning received a telegram stating that, by order of its Board of Directors, the South Danvers National Bank, of Peabody, Mass., had closed its doors. The capital of the bank is $150,000; surplus and undivided profits, $70,463: individual deposits. $233,529; due to other National banks, $15,449; borrowed money. $106,276. Irvin B. Sayles, Bank Examiner. has been appointed receiver. Peabody, Mass., Sept. 19.-Mr. Sayles, assisted by the bank officials. began an examination of the books of the bank to-day, and until the task is completed no official statement by the officers of the concern is expected. It is understood that the institution has been a heavy loser on loans made to various persons and companies in this section. The officials worked hard, but vainly, to prevent the collapse. The South Danvers Bank was incorporated as a State bank in 1825. For years it did a flourishing business, and after it became a National bank it handled a large part of the funds of local tradesmen and manufacturers. Of late, however, the business became more limited. William P. Clark is the bank's president.
Click image to open full size in new tab
Article Text
National Bank Goes Down. Washington, D. C., Sept. 21.-The & controller of the currency received telegram stating that by order of its board of directors the South Danvers national bank of Peabody, Mass., closed its doors. The capital of bank is $150,000, surplus and undivided profits $70,463, individual deposits $233,529, due to other national banks $15,449, borrowed money $106,276. Bank Examiner Irvin B. Sayles ha been appointed receiver.
Click image to open full size in new tab
Article Text
LATER NEWS, Events at Washington indicate the powers are wide apart as to China. Russia modifies proposals on keeping troops in Peking. America will probably refuse Germany's requests. A Vienna paper says the powers are agreed that the empress dowager of China shall be executed. Li Hung Chang, Prince Ching and Sheng have been appointed peace negotiators. President Kruger will go to Holland on a warship placed at his disposal by the Dutch government. Strikersin the anthracite coal region continue to make gains and practically every colliery in the affected district is idle. The South Danvers national bank at Peabody, Mass., in business 75 years, was placed in a receiver's hands. Herman Petersdorf, a German farmer near Junction City, Ore., murdered his wife and then suicided while insane. James A. White, the last survivor of the famous charge at Balaklava, died at Upper Sandusky, O. Capt. David D. Mitchell, Lieut. George A. Cooper and ten men were killed in an engagement with Filipinos near Manila. By the caving in of a bank four men working on a new bridge near Osgood, Ind., were killed. Gen. John A. McClernand, last of the civilians appointed to high command as generals in the federal army during the civil war, died at his home in Springfield, Ill., aged 88 years. Cracksmen robbed a bank at Bushton, Kan., of $7,000 in cash and $20,000 in securities. The town of Belgrade, Mont., was nearly wiped out by fire and one man was burned to death. While Gov. Wells was in Idaho Aquilla Nebeker, acting governor of Ufah, appointed. O. W. Powers (dem.) United States senator. Nine fishing boats with two men in each were lost in a gale off Chatham, Mass. Spring Lake, N. J., a summer resort, was destroyed by fire. Three men held up the First national bank at Winnemucca, Nev., and stole $15,000. President McKinley arrived in Washington from Canton, O. Gov. Sayers estimates the loss of life at Galveston and on the Texas coast at 12,000 and the property loss at $20,000,000. Work of rebuilding the city is well under way.
Click image to open full size in new tab
Article Text
LATEST NEWS NOTES, Stokes' planing mill at Altoona, Pa., Loss, $5,000. Titusville, Pa., will have free rural delivery October I. Washington county (Pa.) farmers are iffering from a water famine. The war department reports health onditions at Cape Nome much improvPittsburg, Pa., contributions for the alveston relief fund have reached $49,35.67. Short water supply forced the closing of several Cambria mills at JohnsPa. Owing to a water famine at LonaconMd., trains are hauling water into town. Colored Baptists of Butler, Pa., laid cornerstone for their new church Sunday. Butler county, Pa., is stirred up by onflicting claims of auditors and overof the poor. Grasshoppers are destroying the over the Captain Generalcy of Esemadura, Spain. A fire in the Hass Keui district, Turhas destroyed 150 houses, 40 shops a synagogue. The grand jury at Steubenville, O., nearly 70 indictments for alleged liquor selling. It is acknowledged in England that Conservatives will be victorious in coming election. Connellsville (Pa.) region operators nticipate a coke boom in consequence the anthracite strike. James Radeliffe. fire boss at the Braz(Pa.) mine when the explosion ochas been arrested. Two steamers and six lives were lost a collision at entrance to Lake St. lair. Michigan, Friday. An effort to smuggle 1,400 kilos of pium into Havana was frustrated by authorities Saturday. Mrs. George Smith was burned to eath at Huntingdon, Pa., Saturday, making grape butter. Efforts of the Portuguese to disarm entering Portuguese territory has esulted in several clashes. Lord Methuen routed a Boer convoy captured a gun lost at Colenso, cattle and much ammunition. Belle Archer, the actress, who died Warren. Pa., left a fortune of about 10,000, which will go to her parents. The Argentine Republic has appro$30,000 for a building and exibit at the Pan-American exposition. Anthracite operators are raising and taking other means to disourage the panicky demand for coal. Fire Saturday destroyed the grain varehouses and elevators on the Atlandock, Brooklyn. Loss, $100,000. The Presbytery of Buffalo, N. Y., voted 32 to 19 in favor of a change the Westminster confession of faith. Mrs. Almira Bruden, of Ashtabula, from hydrophobia caused by the of a dog received two weeks ago. At Texarkana, Ark., the plant of the Inion Compress Company burned, 2,000 bales of cotton. Loss, $150,The South Danvers bank, of Peabody, has closed its doors, being unto meet its outstanding obligaThe presidents of two great anthracompanies have agreed to confer Archbishop Ryan on the strike sitFather Ducey, of New York, who inestigated the strike on the spot, dethe miners and declares their quarjust. Two burglars at Punxsutawney, Pa., up Father Weinker, Catholic in his bed, securing a gold watch $30 cash. President Mitchell proposes the biuminous method of settling labor trouand does not insist upon recogniof union. Fire destroyed the main plant of the independent Lakeside oatmeal mills at oliet, III. Estimated loss, $50,000; in$41,000. The story of the massacre by Rusof the entire Chinese population Blagovestchensk, 5,000 in all, seems be confirmed. Two more regiments of the national are on waiting orders. Troops atrolled thoroughfares in and around Shenandoah, Pa. At Canal Dover, O., Laura Baxter, heiress about to obtain her majority, been abducted from the home of foster parents. An edict issued by the Chinese imgovernment shows that Prince Tuan, the anti-foreign leader, is again the ascendant. The St. Louis presbytery, composed the churches of Fastern
Click image to open full size in new tab
Article Text
BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank New York, Hulbert H. Warner, patent medicine manf.: $2,319,027. 9-Plankinton. S. D., State bank. 17-Chicago. Francis P. Owings, real estate; $5,364,977. Feb. 7-New Bedford. Mass., Henry E. Holcomb. manf.: $1,351,438 Boston. Miner, Beat & Co., clothing firm, $450,000. 26-United States milling combine (flour trust): $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes: had suspended payment in December. 5-J. F. Selberling. formerly manufacturer at Akron, O., files bankruptcy petition; $800,000. assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers: $3,000,000. 26-Rutland. Vt., Merchants' Nat. bank Keene, N. H., Five Cent savings bank for $1,449,053; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank: $40.000. 12-YatesCenter. Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Nellson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers: $13,000,000. 25-Seymour, Johnson & Co., stock and cotton brokers of New York: $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ash. land. Kan.: $542,000. Aug. 13-Henry J.O' Neill, the "barley king. files petition in bankruptcy; $500,000 Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank: $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.: $500,000. 18-Hatch & Foote, New York brokers; $2.000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 3-Isaac Robinson. at Baltimore, Md., manufacturer; $800,000.
Click image to open full size in new tab
Article Text
BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank New York, Hulbert H. Warner, patent medicine manf.; $2,319,027. 9-Plankinton, S. D., State bank. 17-Chicago, Francis P. Owings, real estate: $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes; had suspended payment in December. 6-J. F. Seiberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank Keene, N. H., Five Cent savings bank for $1,449,058; $718,873. and Guarantee savings bank for Apr. 000. 3-Cambridge (Neb.) State bank; $40,10-Columbus, $140,000. O., Reinhard & Co.'s bank; 12-Yates Center, Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee; $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, Ill. 15-McNair & Alexander, cattlemen at Ashland, Kan.; $542,000. ug. 13-Henry J. "Neill, the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch 000,000. & Foote, New York brokers; $2,19-South Mass. Danvers Nat. bank, at Peabody, Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 25-Isaac Robinson, at Baltimore, Md., manufacturer; $800,000.
Click image to open full size in new tab
Article Text
BUSINESS FAILURES. Jan. 3-Wabasha. Minn., People's bank. 6-Rahway. N. J., Union county bank.... New York, Hulbert H. Warner, patent medicine mant.: $2,319,027. Piankington. S. D., State bank. 17-Chiengo, Francis P. Owings, real estate: $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Holcomb. mant: $1,361,438.... Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jarvis (N. Y.) Nat. bank resumes; had suspended payment in December. 6-J. F. Seiberling. formerly manufacturer at Akron, O., files bankruptcy petition; $800,000. assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition: $1,520,085; no assets. 22-D. Appleton & Co., New York, publishCTS: $3,000,000. 26-Rutland, Vt., Merchanis' Nat. bank.... Keene, N. H., Five Cent savings bank for $1.449,058; and Guarantee savings bank for $718,873. Apr. 3-Cambridge (Neb.) State bank; $40,000. 10-Columbus, O., Reinhard & Co.'s bank; $140,000. 12-Yates Center. Kan., Citizens' state bank. 27-Anolph Landauer, dry goods dealer of Milwaukee: $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland. Kan.; $542,000. Aug. 13-Henry J. Neill. the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank: $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (III.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers: $2,000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank. at Newport, Ky. Dec. 12-Bank at Brillion, Wis. 13-Order of Chosen Friends, large fraternal insurance association.
Click image to open full size in new tab
Article Text
BUSINESS FAILURES. Jan. 3-Wabasha, Minn., People's bank. 6-Rahway, N. J., Union county bank New York, Hulbert H. Warner, patent medicine manf.; $2,319,027. 9-Plankinton, S. D., State bank. 17-Chicago, Francis P. Owings, real estate; $5,364,977. Feb. 7-New Bedford, Mass., Henry E. Ho!comb, manf.; $1,351,438 Boston, Miner, Beal & Co., clothing firm, $450,000. 26-United States milling combine (flour trust); $15,000,000. Mar. 3-Port Jervis (N. Y.) Nat. bank resumes; had suspended payment in December. 5-J. F. Seiberling, formerly manufacturer at Akron, O., files bankruptcy petition; $800,000, assets, $30. 19-John Kehoe, builder of New York, files bankruptcy petition; $1,520,085; no assets. 22-D. Appleton & Co., New York, publishers; $3,000,000. 26-Rutland, Vt., Merchants' Nat. bank. Keene, N. H., Five Cent savings bank for $718,873. $1,449,058; and Guarantee savings bank for Apr. 000. 3-Cambridge (Neb.) State bank; $40,12-Yates Center, Kan., Citizens' state bank. 27-Adolph Landauer, dry goods dealer of Milwaukee; $391,945.31. May 11-Frank L. Fuller's private banks at Rockford and Cedar Springs, Mich. 21-Pentwater, Mich., Neilson & Co.'s bank. 26-Price, McCormick & Co., of New York, cotton brokers and shippers; $13,000,000. 28-Seymour, Johnson & Co., stock and cotton brokers of New York; $500,000. Jun. 5-W. C. Shields' bank at Mulberry Grove, III. 15-McNair & Alexander, cattlemen at Ashland, Kan.; $542,000. Aug. 13-Henry J. Neill, the "barley king," files petition in bankruptcy; $500,000.... Kingfisher (Col.) bank; $61,000. 17-Somerset (Ky.) Nat. bank. Sep. 6-Lamont (Ill.) state bank; $12,000. 7-Fifth Avenue Savings & Loan Ass'n., of McKeesport, Pa.; $500,000. 18-Hatch & Foote, New York brokers; $2,000,000. 19-South Danvers Nat. bank, at Peabody, Mass. Nov. 17-German Nat. bank, at Newport, Ky. Dec. 12-Bank at Brillion, W.is. 13-Order of Chosen Friends, large fraternal insurance association. 21-American nat. bank of Baltimore, Md. 25-Isaac Robinson, at Baltimore, Md., manufacturer; $800,000.
Click image to open full size in new tab
Article Text
$100 A SHARE. Assessment Levied on Stockholders Causes Consternation Peabody, Mass., Jan. 25.-The assessment of $100 a share, which the new receiver of the South Danvers National bank is levying upon stockholders has caused something like consternation among them. Some of the stockholders are not very well situated financially, and may.lose their all. When the bank failed 2 months ago, some thought it could pay its debts in full eventually, and an assessment was not dreamed of. It is said that as a result of the developments, the Wallis school fund, which was invested in stock of the bank will be a total loss.
Click image to open full size in new tab
Article Text
LOOTED THE BANK. Ex-Cashier Foster Not Alone in South Danvers Embezzlement. PEABODY, Mass., Feb. 9.-Interest in the South Danvers National bank case today centered in the announcement that the alleged Boston borrower from the bank, who has been mentioned many times in connection with the case, is John W. Dickinson, a stockholder in the bank. Receiver Irving B. Sayles, through his counsel, Benjamin G. Hall, of Peabody, has brought suit against Mr. Dickinson to recover $40,000 which he alleges Dickinson owes the bank on account by no es which he issued to the bank and for which, it is claimed, the bank never has received any consideration. It is believed that other arrests are to follow that of ex-Cashier Foster. A full report of the bank's affairs has been forwarded to the comptroller of the currency in Washington, who will direct all future action. Former Cashier Foster was interested in many undertakings outside of his bank. He was treasurer of severaliconcerns, including the United Tanners' Glue company, a dealer in hay and grain under the name of Ira Foster; secretary and acting treasurer of the South Danvers Fire Insurance company, of Peabody; treasurer of the Wallis school fund, and of the Peabody board of trade, and commissioner of the electric light sinking fund of the town of Peabody. The Wallis school fund, of which he was treasurer, was all invested in stock of the South Danvers National bank, and the entire fund has been wiped out. The insurance company had 111 shares of stock in the bank and will have to pay $11,000 assessment, besides losing the investment.
Click image to open full size in new tab
Article Text
THE DANVERS BANK. People Indiguant Against Men Who Milked It. Peabody, Mass., February 9.-There is on lessening of the indignation at the manner in which the people believe the officers of the South Danvers National bank have milked that institution On the other hand as each new development appears there is an even tirmer determination on the part of the shareholders and depositors to see (omebody punished If possible. Ex-Cashier Foster comes in for a good share of the execration but he is not the only one who Is condemned. The directors and managers of the Institution are blamed almost equ ally, while the syst of examination is declared to have been faulty in that it permitted the affairs to reach the state they apparently did reach. The announcement that the bank ex aminer, Irving B. Sayles, had brought suit against John W. Dickinson t 0 recover $40,000 which It is claimed he secured from the bank on his personal notes, brings out a new storm of indignation The capital stock of the South Danvers bank was $150,000, and the bank examiner is suing Dickinson for almost three times the amount permitted by law for the bank to loan to any one person. There has been considerable talk today about the value of the bond which Foster furnished as treasurar of the bank. It was for $20,000 and was drawn in 1882. It was claimed by some who pretend to have inside information that this bond had never been renewed since it was first given almost twenty years ago, and on that account, it was worth no more than the paper on which It was written. Others are of the opinion that Foster's bond for $20,300. signed by himself, Ira Foster and Jacob Young,is perfectly good -If the men on it or any one of them was good for the amount involved. Arrests were being predicted tonight, but nobody seemed to know who It was that might be arrested. None of the several other institutions and enterprises with which Foster was identified are believed to have suffered. Charles H. F1field of Salem, a director of the Monson, Me., Slate company of which company Foster was treasurer, was seen this atternoon. He said that his company had suffered nothing at Foster's hands. The South Danvers Mutual Fire Insurance company, of which Foster was treasurer, has had its accounts examined and they are perfectly straight. The company, however, loses $32,000 through having 111 shares of the bank stock. The Sutton Home for Aged People also lost some money through holding several shares of the stock, but its finances, of which Foster was the custodian in the capacity of treasurer, are properly aocounted for. All the other many enterprises in which he had a part announce that they have not suffered any loss through Foster. Persons who have known Foster intimately for many years say that they do not believe he has taken a cent for his own use. His habits were not expensive, If he is an embezzier, it 18 believed that it was purely technical and done through his over-willingness to help out his friends and business acquaintsnces by permitting over-drafts and accepting notes of questionable value. FOSTER STILL IN JAIL. Boston, February 9,-George H. Foster, formerly cashier of the South Danvers National bank of Peabody, who was arrested yesterday on the charge of embezzling $3600 of the funds of the bank, was still at the Charles street jail today, as he had failed to secure ball. Interest in the case is still lively here, but developments today were meagre. Mr Foster still is hopeful of securing ball, and he stoutly denies that he is quilty of embezzlement He says If he had committed the crime he bad plen ty of chance to have gone away months ago. Among other things that have come to ight since Foster's arrest is the mention of the name of J. W. Dickinson of Boston, as a debtor of the South Danvers bank. Mr. Dickinson, when asked about the matter, said sharply: "Suppose I do owe the bank, what then? If I owe it, I in tend to pay." "Have you floated anything like $100,000 worth of paper through the bank" "I cannot say; I have nothing at all to say about my dealings with the bank. The directors or the receiver will tell you." It is believed by those interested that other arrests are to follow that of Mr. Foster. Who the persons are is not certain. A full report of the aff airs has been forwarded to the comptroller of the ourrenoy, and it is understood all action taken will be by his direction. Receiver Hampton says he cannot tell how much will be paid to the depositors. Former Cashier Foster was treasurer of the Monson State Company of Monson, Me., treasurer of the National Flax and Fibre Company of Boston, treasurer of the United Tanners Glue Company,secretary and acting treasurer of the South Danvers Fire Insurance Company of Peabody, and other concerns. He is also assignee of A. F. Walsh of Attleboro. The Wallis school fund, of which he invested in stock
Click image to open full size in new tab
Article Text
CONDENSED DISPATCHES. George H. Allen of Westboro, an enineer of the Boston & Albany Railroad, was acquitted Wednesday of the charge of manslaughter by the superfor criminal court at Worcester, Mass. He had been charged with the death of Charles F. Hyde in a collision on Nov. 9 last year. An attempt to wreck the New YorkChicago Express on the Baltimore & Ohio Railroad was made Wednesday near Girard, Ohio. A tie and a pile of stones were placed on the track but were discovered by a section boss, who removed them Just before the train passed. Steve Vargo and John Mtro were arrested near the scene. For the first time since Thursday morning last, lightship No. 85, stationed on Nantucket shoals, was in wireless communication Wednesday with the naval wireless station at Newport, R. I. The apparatus had been disabled but was repaired with the aid of spare parts shipped from lightship No. 66 at New Bedford. The firm of P. P. Mate & Co., agricultural implement manufacturers of Springfield, Ohio, was Wednesday placed in the hands of receivers, who were directed to continue the business of the company. but to wind up as speedily as possible. The assets are given as $1,000,000. The indebtedness of $400,000 is declared to be increasing through ligations. inability to meet maturing obThe cab and carriages drivers of Providence, R. I., started an agitation Wednesday in opposition to the holding of funerals on Sunday. Bishop Matthew Harkins of the Roman Catholic church and Bishop William N. Vickar of the Episcopal diocese have given their hearty endorsement to the proposition and a public letter was sent broadcast by the drivers today. The matter is to be taken up shortly with the labor unions. John W. Dickinson of Nwton. Mass., a note broker. who was found guilty in 1903 of aiding in the conversion of certain funds of the South Danvers National Bank. which closed its doors two years before, will be given another trial through the decision of the United States court of appeals Wednesday which holds that Dickinson. who was convicted by a jury of 10 men could not waive his constitutional right in excusing two of the men on the jury. If Dickinson is tried again it would be the third time that lie will face a jury, his first trial in 1902 failing through one of the jurymen becoming intoxicated.