1054. Farmers & Mechanics Savings Bank (San Francisco, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 3, 1878
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini
Short Digest
35b96a9a

Response Measures

None

Description

Multiple contemporary newspaper dispatches (dated Sept. 3, 1878) report the Farmers & Mechanics' Savings Bank of San Francisco closed its doors and that the directors ordered the bank into liquidation. Cause repeatedly cited as bad loans on commercial paper; no run reported in the articles.

Events (1)

1. September 3, 1878 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension and liquidation attributed mainly to bad loans on commercial paper and improper use of savings deposits for commercial lending
Newspaper Excerpt
The Farmers' and Mechanics' Bank of Savings closed its doors this morning, and posted up a notice to the effect that the directors had ordered the bank into liquidation
Source
newspapers

Newspaper Articles (12)

Article from Gold Hill Daily News, September 3, 1878

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SAN FRANCISCO. Another Savings Bank Closes Its Doors-This Time is is the Farm. ers' and Mechanics'. SAN FRANCISCO, Sept. 3.-The Farmers' and Mechanics' Bank of Savings closed its doors this morning, and posted up a notice to the effect that the direotors had ordered the bank into liquidation, but assuring depositors that the assets are ample to pay all their dues. From information obtained from officers of the bank and the Bank Commissioners, it appears that the bank had a nominal capital of $150,000, of which $60,000 was paid up. The concern has been doing a mixed commercial and savings business, in contravention of the law permitting no savings bank to engage in commercial banking with a paid up cash capital of less than $300,000. The suspension is mainly due to bad loans on commercial paper, and commercial loans considerably in excess of commercial deposits, showing a careless use of the savings deposits. The assets of the bank are, however, sufficient with proper management to pay depositors in full at an early date, and perhaps save something to stockholders. The directors announce an intention to levy an assessment, if necessary, to make depositors good. Nearly one-third of the stock has been bought in by the bank in settle. ments with holders of real estate to the amount of something over $100,000, which has deterioated about $10,000, and there are some $37,000 of bad or doubtful loans. There is due depositors about $365,000. The commissioners gave the bank authorities their choice of repairing their capital by the addition of about $50,000 and conducting a purely savings business, making up the cash capital of $300,000 and going on as before, or going into liquidation. The directors chose the latter, of course.


Article from New-York Tribune, September 4, 1878

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TELEGRAPHIC NOTES. SAN FRANCISCO, Sept. 3.-It has been ascertained that the cause of Governor Haight's death was heart diseased Boston, Sept. 3.-The Hyannis Savings Bank at Hyannis, Mass., having failed to make up its impairment, the Supreme Court has appointed receivers. PROVIDENCE, R. I., Sept. 3.-George Brown, of New-York, third cook on the steamer Rhode Island, was drowned at Fox Point this morning, while bathing. FABYAN HOUSE, N. H., Sept. 3.-Governor Hartranft and party arrived here yesterday and went to the summit of Mount Washington where they will spend to-night, returning here to-morrow. SAN FRANCISCO, Sept. 3.-The Farmers' and Mechamics' Bank of Savings closed its doors this morning mi will go into liquidation, The amount due to depositors is about $365,000, which will all be paid. ALBANY N. Y., Sept. 3.-Complaint has been made against the New-York Knickerbocker Casualty Insur. ance Company taking risks against the explesion of steam boilers. The question has been submitted to the Attorney. General for an opinion.


Article from Eureka Daily Sentinel, September 4, 1878

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The Cause of Gov. Haight's Death. ACCIDENTAL DEATH. SAN FRANCISCO, September 3. The Farmers and Mechanics Bank of Saving closed its doors this morning, and posted up a notice to the effect that the Directors had ordered the bank into liquidation, but assuring depositors the assets were ample to pay all their dues. From information obtained from officers of the bank and the Bank Commissioners, it appears that the bank had a nominal capital of $150,000, of which $60,000 was paid up. The concern has been doing a mixed commercial and saving business, in contravention of the law permitting no savings bank to engage in commercial banking with a paid up cash capital of less than $300,000. The suspension is mainly due to bad loans on commercial paper; commercial loans were considerably in excess of commercial deposits, showing a careless use of savings deposits. The assets of the bank are, however, sufficient, with proper management, to pay depositors in full at an early date, and perhaps something to the stockholders. The Directors announce their intention to levy an assessment if necessary to make depositors good. Nearly one-third of the stock has been bought in by the bank in settlement with holders. Real estate to the amount of something over $100,000 has deteriorated about $10,000, and there are some $37,000 of bad or doubtful loans. There is due depositors about $365,000. The Commissioners gave the bank authorities their choice of repairing their capital by the addition of about $50,000, and conducting a purely savings business, making a cash capital of about $300,000, and going on as before or going into liquidation. The Directors chose the latter course. At the office of the Justiee Mining Company reports that a compromise with the Alta has been definitely arranged, are denied, though it is intimated a solution of the vexed question is not far distant. In the case of Wills vs. Austin, to recover money paid for taxes under protest, which was decided by Judge Dwinelle in favor of the plaintiff, the Supreme Court to-day rendered a decision that money cannot be received back and the judgmont in the Court below should have been for defendant. Judgment and order reversed and cause remanded, with directions to the Court below to dismiss the action. Three o4her cases pending were covered by the decision, and it reaches in fact all protested tax cases to which ex-Collector Austin is party, the amount involved being about $300,000. SAN FRANCISCO, Sept. 3. An autopsy of the body of ex-Governor Haight this evening, showed that death resulted from heart disease. Ex-Supervisor Kelly, who killed Russell, has not yet been rearrested, which occato sions considerable comment. At a meeting of Yellow Fever Relief Committee last evening, it was found that subscriptions to the fund for the Southern sufferers aggregate upwards of $8,000 to t date. A remittance of $200 or $300 will e be made to-morrow. The committee were notified of a number of concerts and literary entertainments to come off for the e benefit of the fund. Subscriptions will be r started among the teachers and pupils of the public schools. The committee will wait upon the brokers to-morrow. e A special meeting of the Board of Health f was held this morning, and a communication from Health Officer Dr. J. L. Meares a was read, setting forth a number of buildings in Chinatown that were uninhabitable on account of their filthy and crowded condition. The report of the Health Ofy ficer was received and he was directed to S proceed against the premises according to it law. Dr. Meares said Chinatown generally was in a better sanitary condition than ever be fore, owing to the action of the Board of Health. Among those who filed pc titions in bankruptey at a late hour Saturday night was


Article from The Wheeling Daily Intelligencer, September 4, 1878

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Closed Its Doors. SAN FRANCISCO, September 3. - The Farmers and Mechanics Bank of Savings closed its doors this morning and goes into liquidation. The amount due depositors is about $360,000. Assets, including $60,000 paid up capital, probably sufficient to pay the depositors and perhaps leave a small margin for stockholders. The bank has been doing a mixed commercial and saving business and the suspension is mainly attributed to bad loans on commercial paper.


Article from The Silver State, September 4, 1878

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WESTERN DISPATCHES XUORNO OTTAO Another Savings Bank Suspended, SAN FRANCISCO, Sept. 3. The Farmers and Mechanics' Bank of Savings closed its doors this morning. and posted up a notice to the effect that the Directers had ordered the bank into liquidation, but assuring creditors that the assets are ample to pay all their dues.


Article from Daily Kennebec Journal, September 4, 1878

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california. Bank Matters. SAN FRANCISCO, September 3. The Farmers' & Mechanics' Bank of Savings, closed its doors this morning, and will go into liquidation. The amount due depositors is about $365,000. The assets, including $60,000 of paid up capital, will probably be sufficient to pay depositore, and perbaps leave a small margin for the stockholders. The bank has been doing a mixed (commercial and savings) business, and the suspension is mainly attributed to bad loans on commercial paper.


Article from The Cincinnati Daily Star, September 4, 1878

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Flashes. The Pittsburg Exposition opened yesterday. The reports of revolutions in Mexico are unauthenticated. Geo. Clover's barn, near Lancaster, Ohio, was burned by tramps. Harvey Adair, formerly of Cincinnati, died at Urbana, O., yesterday. Chas. Detman, a yardman, was killed be5ween car-bumpers at Laporte, Ind. Seward Hinchman shot Henry N. King, and killed him, at Hastings, Mich. Joseph Straw's house, at Eaton, O., was struck by lightning. Damage, $200. The Farmers' and Mechanics' Savings Bank at San Francisco, has closed its doors. A desperado named Bennett was shot and killed at Covington, La., by W. F. Hosmer. George Davenport's saw mill at East Saginaw, Mich., was destroyed by fire. Loss $16,000. Henry Waters, intoxicated and asleep on the track, was run over by cars at Shoals, Ind., and killed. General Lew. Wallace, of Indiana, has been appointed Governor of New Mexico, vice Axtel, suspended. Sells Brothers' circus tent was blown down at Canal Dover. O., during a storm, and completely wrecked. Simpson Long. imprisoned for life in the Indiana Penitentiary for murder, has been pardoned by Governor Williams. Commissioner Raum savs that the high temperature at which Cincinnati whisky is ganged is no infraction of the law. $1,260 was found in the trunk of an insame colored man named John Bishe?", at Paris. Ky. He had earned it as a porter.


Article from The Daily Gazette, September 4, 1878

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The Farmers' and Mechanics' Bank of Savings, at San Francisco, California, closed its doors yesterday, and will go into liquidation. The amount due to depositors is about $305,000. The assets, including $60,000 paid-up capital, will probably be sufficient to pay depositors, and perhaps leave a small margin for the stockholders. The bank has been doing a mixed commercial and savings business, and the suspension is mainly attributable to bad loans on commercial paper.


Article from The Weekly Arizona Miner, September 6, 1878

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BY TELEGRAPH. To-Day's Dispatches. Special to the Miner. Washington, Sept. 5.-The Commissioner of Internal Revenue decides that medicated wines, etc., are subject to taxation. New York, Sept. 5.-Returns from 156 towns, for Governor, give Proctor (Rep.) 27,274; Bingham (Dem.) 12,609, and Martin (Greenback) 1,052. The Republicans elect Congressmen in the 1st and 2nd District. A A bolter was elected in the 3d District. St. Paul, Sept. 5.-John M. Berry has been nominated by the Republicans for Judge of the Supreme Court. Memphis, Sept. 5.-Ninety-six interments for the last 24 hours, 93 of which were from yellow fever. At midnight 60 more deaths were reported, but still unburied. New Orleans, Sept. 5.-Sixteen cases at Canton, Miss., and 4 deaths. Twenty deaths during the last 6 hours at Grenada. At Holly Springs, 3 deaths and 60 cases. Vicksburg, Sept. 5.-Right-Rev. Bishop W. H. E.der fell to-day. Thermometer, 92°. Sandusky, Sept. 5-A colored man was taken from the sheriff by a mob and hung, for the supposed murder of a white girl. Galveston, Sept. 5.--Ira Harris and J. W. Colder were met on the street by Rosser and Painer, when firing commenced. Colder fell mortally wounded-railroad trouble. Vieuna, 5.-Three hundred soldiers and firemen were killed by a wa er-spout at Meskotiz, Hungary. Two hundred still missing. Virginia City, Sept. 5-A party of experts and newspaper men visit the Sierra Nevada mine to inspect the 2,100-foot level. The Crossent shows 9 feet of the finest class of ore, very rich in chlorides and black sulphurets; average assay, $610 to the ton, San Francisco, Sept. 5. Gold, 1.00½, greenbacks, 99% half dollars, 98@98/2; standard dollars, 99%@1; Mexican dollars, 93. STOCKS.-Cala, 12; Con. Vir. 123/4; Eureka, 41½; Curry, 12; Justice 43/4; Ophir, 44; Mexican, 44; Overman, 18½; Sierra Nevada, 101; Savage, 133/4; Union, 83½½; Utah, 38½½; Silver King, 15; Tiptop, 1.50. PHENIX, A. T., Sept. 5. The westward bound stage was robbed by three men, supposed to be Mexicans, twenty, two miles west of Maricopa Wells, at one o'clock Tuesday morning. The robbers took the Express box, 500 pounds of bullion and four stage horses, besides robbing the passengers. It is also supposed they met the eastern bound stage and took that in. A large party left here yesterday in pursuit, including a Herald reporter. Will send any further information as soon as received. MCCLINTOCK. New York, Sept. 4.-Pacific Mail Steamship Company has advanced its rates. J. Madison Wells is announced as an independent candidate for Congress from the 4th district of Louisiana. New York, Sept. 4.-A Washington special says that Gov. Axtell, of New Mexico, has been removed and Gen. Wallace, of Indiana, appointed his successor. This city has raised $100,000 for relief of the yellow fever suffers. Robert Bonner starts the second hundred thousand with one thousand dollars. Pittsburgh, Sept, 4,-Fourteen thousand dollars raised for yellow fever suffers, and 3 car loads provisions shipped to-day. London, Sept. 4.-The excursion steamer Princess Alice, with 800 passengers on board, was returning from Gravesend last evening. when she was run down off Barsing by the screw steam collier Bidwell Castle cutting the Alice in two. She sank in five minutes. Between 500 and 600 lives lost. The collier sistance. kept on her course without offering any as San Francisco, Sept. 3-Ex-Gov. Haight died suddenly yesterday afternoon of heartdiease. Farmers and Mechanics Bank of Savings will go into liquidation. Owes its depositers $365,000, but the assests will probable be sufficient to pay up. Suspended Masonic Bank is to-day paying its depositors a dividend of ten per cent, aggregating one hundred thousand dollars. Oakland, Sept. 4.-Ex-Governor Haight's funeral took place to-day from the First Presbyterian church, which was crowded to its utmost capacity.


Article from The Democratic Advocate, September 7, 1878

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News of the Week. Sixty five clerks, of both sexes, were discharged from the general land office, in Washington, on Saturday. Since last May nearly two thousand head of cattle and sheep have been shipped from Baltimore to Liverpool. The total coinage of the mints during August was $8,500,000, including $3,000,000 of standard silver dollars. Three young women were drowned while bathing in the Ottawa river, at Pembroke, Ont., on Saturday evening. California, it is estimated, will produce this year not less than 30,000,000 bushels of wheat and 14,000,000 of barley. Mrs. Hannah Mattison died at Bennington, Vt., several days ago, aged 93 years. She had been confined to her bed for 50 years. The earnings of Sing Sing Penitentiary during August were $19,471, and the expen ses $14,445. The average number of convicts was 1,618. The fair at Lexington, Kentucky, closed on Saturday. About 40,000 were in attend ance, but it is noted that "there was no fight ing or betting and not one drunkard. The Fountain House, at Waukesha, Wis., was burned on Saturday evening. Loss $130, 000. There were 400 guests in the house, but they escaped with most of their baggage. T. H. W. Wall, said to be member of the Mississippi Legislature, was killed by falling from a gang-plank while trying to get on board asteamer. at Buffalo, on Saturday even ing. A Danbury, Conn., man got divorced from his wife few years ago and married again His second wife has given him an heir, and he has secured the first wife's services as nurse. When Lord Beaconsfield made his late visit to the Queen, at Osborne, crimson cloth was laid from the train to the royal yacht which conveyed him from Portsmouth to the Isle of Wight. Two coal trains on the Reading railroad collided between Alaska and Locust Gap, on Saturday afternoon, and 35 cars were demol ished. Two men were killed and a third slightly injured. The Farmers and Mechanies' Bank of Savingsof San Francisco suspended Tuesday, and will go into liquidation. It owes depositors about $365,000, and it is believed, will be able to pay them in full. Forty boys in the State Reform School at Jamesburg, N. are sick of scarlet fever, and several have died of the disease. The remaining inmates, nearly 200 in number, will be removed to other quarters. William Enright was shot dead by police man while resisting arrest for drunkenness, at Laramie City, W. T., on Friday night. He had been released from the penitentiary few hours previous, after serving a year's term for burgalry. The Central Elevator, at Milford, Mich. occupied by Stephens & Roberts, was burned, with three adjoining sheds, on Sunday morn ing. prominent citizen of the place, nam B. F. Howland. has been arrested on the charge of firing the Elevator. Secretary Evarts addressed a letter to the British Government several weeks setting forth the excessiveness of the Fishery Award. No answer has yet been received, and it is supposed the British Government is giving the matter a thorough examination. Bridget Long and Annie Dooley, aged respectively 18 and 19 years, were drowned at Green Island, N. Y., on Friday night. They were returning from an excursion, and at tempted tojumpon the wharf before the steam boat was fastened to it, but fell into the wa ter. A girl at Edingburg, Scotland, leaped from a second window, a short time ago, and her legs came in contact with a spike on the iron railing, which ran quite through the limb and held her suspended in great ag ony until a blacksmith could be got to cut the railing. The election in Arkansas was held on Mon day The Democratic candidates for State officers were elected. there being no opposi tion. In Pulaski county, which includes Little Rock, there was a Greenback labor ticket, and the vote in that county is report ed "very close. The British ship Lord of the Isles, from Austria, for Manilla, and the British bark Queen, from Singapore, for the Island of Pa los have been lost at sea. The crew of the Lord of the Isles have arrived at Hong Kong. The captain and eight or nine sailors of the Queen were drowned. Blackie, General Meade's old war horse, lives at Alverthrope, Pa. He is as handsome as ever, despite his twenty four years. He comes of Black Hawk stock, was wounded at the battle of New Market Cross Roads, in June, 1862, butserved the General all through the war until a short time before his death. The ship George Bell, which arrived at Baltimore, on Monday, from Liverpool, had on board six stowaway boys, aged from 14 to 17 years, who were not discovered until the ship was a day out from Liverpool. One of these youths, named Nugent, is said to be the son of the chief clerk of a large Liverpool firm. In this State last week the post-office at River Springs, St. Mary's county, was discontinued and offices were established at Bellevue, Prince George's county, and Kemptown, Frederick county. The name of Mill stone, in St. Mary's county, was changed to Jarboeville. In Delaware an office was esta blished at Viola, in Kent county Near Detroit, on Sunday morning, Mrs. Glaser, wife of an old farmer, went to her husband's room to awaken him, and found him murdered, his skull being fractured, and blood stained axe lying near the body Christopher Brienstenb aged 17, grand son, who occupied the same room, is missing together with $40 which the old man had about him. Brienstenback had served term in prison for robbing his grandfather. Niantic, Ct. fishermen had an exciting tus. sle recently with a monster striped bass which broke out of the net after it had been drawn up on the beach and darted for the sea. It was grasped around the body by one of the men just as it reached the water, and he was quickly carried beyond his depth, but the other fisherman took a hand in the fight then, and both were borne out of the water. The fish weighed 46 pounds and was nearly four feet long. An attempt was made by the saloon keep ers of Detroit, on Sunday, to resist the Sunday Liquor law. They gathered in Arbeiter Hall, and for time did brisk business in selling beer, but the traffic was was stopped by the arrest of four prominent saloonkeepers who officiated as waiters. At night five hun dred Germans, headed by a brass band, marched to the police station and demanded the release of the arrested men, but without effect. On Saturday 394 petitions in bankruptey were filed in New York, the principal bank rupt being Michael Murray, who owes $583, 000, largely secured by real estate. 375 petitions in bankruptey were filed in Chicago, 198 in Buffalo, and 145 in Pittsburg. Among the Chicago bankrupts are Paul Cornell, "capitalist, who owes $1,425,000, with as sets which amount to "practically nothing; S.S. Hayes, who owes $1,000,000, with as sets that are "small," and Charles W. Cal houn, a real estate agent, who owes $787,000 and has "no assets. On Friday of last week Thomas C. Hughey and A. Hooten Blackiston. lawyers, of Cum berland, Md., quarrelled while examining some papers, and Blackiston, who was large and powerful man, knocked Hughey down and beat him. He was taken off by some friends, when he again started towards Hughey, when the latter fired, killing him in stantly. Blackiston is son-in-law of Judge Pearre, of Cumberland. Hughey is native of Queen Anne's county, and Blackiston a native of Kent county Md. A coroner's jury found that Blackiston came to his death by pistol shot fired by Hughey who was


Article from The Van Buren Press, September 10, 1878

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A San Francisco despatch of the 3d announces that the Farmers' and Me. chanics' Savings Bank closed its doors, that morning. It will go into liquidation. Due depositors, about $364,000. Assets, including $60,000 paid up capital, is probably sufficient to pay the depositors, and, perhaps, leave a small margin for the stockholders. The bank has been doing a mixed commercial and savings business, and the suspension is attributable to bad loans on commercial paper.


Article from The Redwood Gazette, September 19, 1878

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Gen. Lew Wallace, of Indiana, has been appointed Governor of New Mexico, vice Axtel, suspended. Numerous arrests have been made in Constantinople, of persons conspiring to reinstate ex-Sultan Murad. Frank Welch, Member of Congress from Nebraska, died at Neligh, Neb., on the might of the 4th, of apoplexy. One hundred students, suspected of Nihilism. have been expelled from the Univer sities of St. Petersburg and Kief. Ships arriving at Italian ports from any part of the United States have been ordered to be placed in quarantine. Two inches of snow fell in Wyoming Territory on the morning of the Sth. The temperature at Cheyenne was 32 deg. The German Parliament was opened, on the 9th, by a speech from the throne, in which the hope was expressed that the AntiSocialist bill might pass. The Paris International Congress of Weights, Measures and Coinage has adopted a resolution favoring a universal tandard of one-tenth alloy for gold coins. Dennis Kearney addressed a large assemblage of workingmen in Union Square, New York City, on the evening of the 6th. He made one of his characteristic speeches. The Northwestern Exposition at Minneapolis, Minn., was inaugurated on the 3d. Senator Blaine making the opening address. There were 25,000 persons present. Postmaster Filley, of St. Louis, has been removed for an alleged violation of Executive Order No. 1. The statement is made that he allowed one of his clerks to dabble in polities. The seventieth call for the redemption of 5-20 bonds of 1865 was issued, by the Secretary of the Treasury, on the 4th. The call is for $2,000.000 coupon and $3,000,000 registered bonds, principal and interest to be paid on and after Dec. 4. The average condition of oats throughout the country, as shown by the August returns to the Agricultural Department, was represented by 100. The average of tobacco, as reported from twelve of the largest to bacco-growing States, was about S9. The House of Bishops of the Protestant Episcopal Church, in session in New York City, on the 3d, adopted a preamble and resolution. deposing from the ministry Bishop McCoskrey, and Presiding Bishop Smith, of Kentucky, formally declared such deposition. Orville Grant, brother of Gen. Grant was. on the 4th. sent to the Insane Asylum, at M pristown. N J. His mind ran on immense speculations, starting new business on a gigantie scale, etc. He was sent to the Asylum at the request of his friends and Dr. Morton. A Treasury circular has recently been issued. announcing that hereafter silver dollars will be issued, in sums not less than $1,000 nor more than $10,000, in exchange for greenbacks, and that National Bank notes present d for redemption will be redeemed in silver dollars. During the week ending Sept. 7, a National Fireman's Tournament was held in Chicago The Barnes Hose Company, of Burlington, Vt., received a prize of $500. one nickel-plated hose-cart and the National champion hose belt. Other tirst and second prizes were awarded to companies from Illinois, Michigan and Wisconsin. The attendance was very great. and a large amount of money prizes were awarded. Sec'y Schurz has rendered an additional decision to the Commissioner of the General Land Office in respect to railroad land grants. An appeal had been taken in the Dudymott case for a reversion or suspension of the former decision. but the Secretary de clined to do either. and the first decision, by which large tracts of land, covered by land grants to railroads, opened tosettlement, is to stand, unless reversed by a decision of the courts. Immense numbersof applications have been made to enter the lands under the original decision, and it is expected the railroad companies will take immediate steps to appeal to the courts. GENERAL. The Vermont election occurred on the 3d. It was thought, on the morning of the 5th, that Proctor (Rep.) for Governor would have about 17,000 majority. The Republican candidates for Congress in the First and Second Districts were probably elected. No choice in the Third. The Farmers' and Mechanics' Savngs Bank of San Francisco failed on the 3d, owning its depositors about $365,000. The usual announcement that depositors will be paid in full" was made. On the evening of the 3d, the Thames excursion-steamer Princess Alice was run down by the Bywell Castle, a screw collier, bound north. Within five minutes after the boats collided, the Alice keeled over and went down in deep water. It was believed, on the 4th, that not more than 150 persons of the 800 on board had been reseued. It was stated that the accident was due to a misunderstanding of signals. On the evening of the 4th, the Grand Central Hotel, at Omaha, was destroyed by fire. The hotel was built in 1873, at a cost of $300,000. Four fireman were killed, and several others seriously injured by falling walls. The Minnesota Republican State Convention was held at St. Paul, on the 4th. John M. Berry was renominated for Associate Judge of the Supreme Court, Samuel H. Nichols for Clerk of the Supreme Court, and O. P. Whitcomb for State Auditor. The platform Indorses the Administration of President Hayes; declares in favor of specie resumption, that the Nation is pledged to pay its debts in coin; favors the resumption of specie payment, and condemns the doctrine of an unlimited and irredeemable paper currency. The Chicago Inter-State Industrial Exposition was formally opened, on the evening of the 4th. There were present over 15,000 people. The exhinition was an excellent one, and largely superior, it is stated, to any that have preceded it. It closes on the 19th of October next. The Minnesota State Prohibition Convention met at Minneapolis, on the 3d, and nominated T. G. Carter for State Auditor,