113701024 11370
national
f3c9312373bca419None
Click image to open full size in new tab
Government Loss. PETERSBURG, Va., April 3.-The United States government had on deposit in the Exchange National bank of Norfolk, which suspended resterday between $400,000 and $500,000. These funds are internal revenue collections made in the Second district of Virginia.
Click image to open full size in new tab
MONETARY MSFORTUNEES. Prohibitionist McDonald a Heavy Loser by the Norfolk Bank Failure. SAN FRANCISCO, April 7.-Dr. R. H. McDonald, President of the Pacific Bank of this city, and who was a Presidential candidate before the Prohibition-Convention last year. is a creditor of the Exchange National Bank of Norfolk for nearly $200,000. He owned 1,000 shares of its capital stock, besides having about $70,000 on deposit in it. His son, when interviewed last night, admitted these facts, adding that should the amount prove a total loss his father could stand it without complaining. Dr. Me Donald is possessed of immense wealth, so the loss does not cause him the slightest embarrassment. ANOTHER NORFOLK CRASH. NORFOLK, VA., April 7,-Wallace & Son, planters, merchants and lumber dealers, of Norfolk county, to-day deeded property amounting to $151,000 to Bain & Bros. The same firm have assigned their interest in the Richmond Cedar Works in favor of Bain Bros. MUST PAY HIS OVEEDRAFT. MONTREAL, April 7.-In 'the suit of the Exchange Bank against Thomas Craig, late President of tye bank, for the amount of his overdrafts, judgment was to-day rendered for $183,000.
Click image to open full size in new tab
THE Exchange National Bank of Norfolk Va., hassuspended. The United States had on deposit between $400,000 and $500,000, being Internal Revenue collections made in the Second District of Virginia.
Click image to open full size in new tab
The Broken Norfolk Bank. ASHINGTON, April 8.-The Comptroller of the Currency is informed by the examiners in charge of the suspended Exchange National Bank of Norfolk that the bank is insolvent and will have to be placed in the hands of a receiver. The amount due to depositors alone is over $3,000,000. A committee representing the depositors waited on Comptroller Cannon to day and requested the appointment of a resident of Norfolk as receiver of the bank.
Click image to open full size in new tab
THE SUSPENDED NORFOLK BANK. WASHINGTON, April 8.-The Controller of the Currency is informed by the examiners in charge of the suspended Exchange National Bank of Norfolk that the bank is insolvent and will have to be placed in the hands of a receiver. The failure the bank is recarded as a most
Click image to open full size in new tab
The losses of the citizens of Northamption by the suspension of Exchange National Bank of Norfolk, are very large. They had on deposit there as well as can be ascertained from $75,000 to $100.000. The depositors from Accomac had in the bank from $5,000 to $8,000. It is claimed that the assets of the bank are greater than its liabilities, but it is not believed that 50 per cent. of deposits will be paid.
Click image to open full size in new tab
Exchange National Bank of Norfolk, Va., will be placed in the hands of a receiver. Over $3,000,000 $9; are due depositors alone.
Click image to open full size in new tab
Exchange National Bankof Norfolk, Va, will be placed in the hands of a receiver. Over $3,000,000 are due depositors alone.
Click image to open full size in new tab
Exchange National Bank of Norfolk, Va, will be placed in the hands of a receiver. Over $3,000,000 are due depositors alone.
Click image to open full size in new tab
Exchange National Bank of Norfolk, Va., will be placed in the hands of a receiver. Over $3,000,000 are due depositors alone.
Click image to open full size in new tab
Exchange National Bank of Norfolk, Va., will be placed in the hands of a receiver. Over $3, 000, 000 are due depositors alone.
Click image to open full size in new tab
THE United States Government had on deposit in the Exchange National Bank of Norfolk, Va., which suspended on the 2d, between $400,000 and $500,000, placed there goy the revenue collector.
Click image to open full size in new tab
Exchange National Bank of Norfolk, Va, will be placed in the hands of a receiver. Over $8,000,000 are due depositors alone.
Click image to open full size in new tab
Exchange National Bank of Norfolk, Va., will be placed in the hands of a receiver. Over $3,000, 000 are due depositors alone.
Click image to open full size in new tab
Exchange National Bank of Norfolk, Va., will be placed in the hands of a receiver. Over $3,000,000 are due depositors alone.
Click image to open full size in new tab
Attorney General Blair has begun proceedings in the CircuitCourt of the City of Richmond to recover the State's money deposited in the Exchange National Bank of Nor fork, which recently suspended.
Click image to open full size in new tab
A young man blackened his moustacke with a lead comb and then took his girl out for a moonlight stroll. When the fair one appeared in the bright light of the family circle a couple of hours later, her face looked like a railroad map. A Mormon editor at Salt Lake City bad the following in a recent number: The unknown woman who was killed at this place three months ago by the cars, proves to be one of the wives of the editor of this paper.' ARREST OF FOUR BANK OFFICERS.The motion of the receiver of the Exchange National Bank before the United States Circuit Court, at Nor. folk, Va., on the 12th inst., to appoint a receiver to take charge of Bain & Bro.'s assets was denied. The plaintiff's attack was made on the ground of fraul and conspiracy to efraud the Exchange Bank. Warrants of arrest were then sworn ontby Bank Examiner Keyser against John B. Whitehead, late president of the bank; James G Bain. vice-president; Geo M. Bain, Jr., cashier, and R. T K. Bain, director. They were bailed In the sum of $10,000 each. | Tomatoes, cymblings and cabbage from the far South made their appearance in the Winchester market last week. Mr. William Montgomery, of this place, went to Cumberland last Mon. day in charge of two cans of young trout from Fish Commissioner Capt. C. S. White, which be shipped to Commissioner Miller, of Wheeling. An Englishman, looking down a list of American towns, came to those bearing the well-known names of Pawtneket, Shetucket and Nantucke 'Haw! haw !' ha exclaimed. 'Bless me, if the whole family didn't take it !'
Click image to open full size in new tab
On Thursday, Receiver Peters, of the broken Exchange National Bank, of Norfolk, will commence to pay out $555,000 the first dividend to the depositors.
Click image to open full size in new tab
Indicted Bank Officials. NORFOLK, Va., Nov. 13.-In the United States circuit court to-day the grand jury presented bills of indictment for misapplying the funds of the suspended Exchange National bank, against the following parties: John B. Whitehead, president; George M. Bain, Jr., cashier; Thomas A. Bain and B. K. Bain. An indictment for false entry was presented against John B. Whitehead, George M. Bain, Jr., Orlando Winsom and C. E. Jenkins.
Click image to open full size in new tab
Bank Officers Indicted. NORFOLK, Va., Nov. 13.-In the United States Circuit Court, to-day, the grand jury presented bills of indictment for misapplying the funds of the suspended Exchange National Bank against the following parties: J. B. Whitehead, president; G. W. Bain, jr., cashier; Thomas A. Bain and T. K. Bain. Indictments for false entry were presented against J. B. Whitehead, G. W. Bain, jr., Orlando Windsor and C. E. Jenkins.
Click image to open full size in new tab
Misapplying Funds. NORFOLK, Va., November 13.-In the United States Circuit Court to-day, the Grand Jury presented bills of indictment for misapplying funds of the suspended Exchange National Bank. against the following parties. John B. Whitehead, President; George M. Bain, Cashier; Thomas A. Bain and R. K. Bain. Indictments for false entry were also presented against John B. Whitehead, George M. Bain, Jr., Orlando Windsor and C. E. Jenks.
Click image to open full size in new tab
It is said that Receiver Peters. of the Exchange National Bank, will shortly declare another dividend of ten per cent. -Norfolk Virginian. So small a pittance even will doubtless be received with thanks by the Eastern Shore depositors of the "busted" bank.
Click image to open full size in new tab
with any Chief Executive to lock the door upon the House and Senate and defeat all investigation. Mr. Spooner did not mean to imply that President Cleveland would abuse that power. It was no part of his argument to impeach the good faith of the President but he warned the Democratic side of the chamber that we were not dealing with this question for a day. The issue was one that would outlive us. As to the tenure-of-office law, Mr. Spooner criticised the President's expréssion " innocuous desuetude." The term always provoked a smile, Mr. Spooner said; but there was nothing to smile at. This was a Government of law, and he was sorry the Chief Executive of the republic should have used such words of any law that stood on the statute-books. It was a dangerous time when the President of the United States, with an oath registered in Heaven to take care that the laws should be faithfully executed," should send a message to the Senate saying that the statute had fallen into harmless disuse, though the statute remained on the books. If ever there was a time when there was need of respect for law, it was now when in many States thoughtful men were turning blanched faces to the future. How could the people be expected to yield cheerful obedience to the statutes when the first citizen of the republichimself charged with their executionwas heard asserting that the statute could harmlessly fall into disuse? But, Mr. Spooner said, the President did not believe his own statement. His acts had been better than his words. For he had sent in a large number of nominations of men to take places of officers suspended by him under authority of the very act to which reference had been made. At 5 o'clock. Mr. Spooner still having the floor, the Senate went into executive session, and in about half an hour, on the doors being reöpened, adjourned. House of Representatives. Mr. Negley, of Pennsylvania, asked unanimous consent to put upon its passage the bill to reimburse the National Home for Disabled Volunteers for losses incurred through the failure of the Exchange National Bank of Norfolk. Before the title of the bill was read, Mr. Beach, of New York, objected. Mr. Negley became indignant, but was helpless. The following committee reports were presented : By Mr. Harris, of Georgia, from the Committee on Ways and Means: Au. thorizing the establishment of exporttobacco manufactories and providing for drawbacks on imported articles used in manufacturing export tobacco. Referred to the Committee of the Whole. By Mr. Collins, of Massachusetts, from the Committee on the Judiciary To establish a uniform system of bankruptcy throughout the United States. Placed on the calendar. At the expiration of the morning hour the House again went into Com mittee of the Whole on the Indian appropriation bill. The consideration of the bill dragged drearily along, no amendments of any importance being offered. and such as were offered being usually ruled out on points of order after a long and uninteresting discussion. After finishing forty-two of the forty-eight pages of the bill the committee rose, and the House at 5:55 P. M. adjourned.
Click image to open full size in new tab
PUSHING THE WORK. THE CHOWAN SOUTHERN RAILROADGREAT EXPECTATIONS. General News Notes in Norfolk and Portamouth-The Broken Home BankPersonal. Correspondence of the Richmond Dispatch.] NORFOLK, February 1, 1889. The Chowan Southern railroad is 80 tar completed that trains are expected to run through from Norfolk to the Roanoke river by the 1st of March, and then the work will be concentrated on that portion of the road between the Roanoke and Tarboro', N. C. The bridge across the Chowan river was finished several days ago, and work going ahead rapidly on the extensive drawbridge across the Roanoke, with its five granite piers and 1.200 feet of trestle-work. Not a day is lost in the construction of the road, and the contractors will all get through on time. The warehouses and wharves here willall be ready in time. Great things are expected of this new feeder by the businessmen of Norfolk. The depositors of the collapsed Home Bank have appointed a committee to take legal steps against the officers of the bank for making false statements and obtaining money under false pretences. The report of the experts stated that the various entries made in the last published statement of the officers were not justified by the facts brought out in the investigation of the books of the bank. The cashier is in Boston. It IS freezing cold here to dar and there WAS a flurry of snow last night. The change is to a certain extent desirable. Mr. Jordan B. Blackburn, a popular merchant of Norfolk. and Miss Fannie B. Spindle, daughter of C-ptain Joseph C. Spir die, of Essex county, were married here last eve. sing. and left on the Chesapeake and Ohio line for the West. Commodore A. E. Bateman is president of the new company organized to operate the Gosport cotton-docks and the Seaboard compress-works. in this city, All this property sold for less than half of what it was valued at when the Exchange National Bank failed. Mr. Charles H. Johnston, a popular busi. ness- and hotel-man of this city, has been appointed manager of the Ocean House. in Portsmouth, for the Atlantic and Danville railroad. During last month there were thirty-one marriages in this city: in Norfolk county twenty-six, and in Portsmouth nine. William Mitchell (colored), of this city, has been arrested and committed to jail in Suffolk for a forgery committed here. This morning Detective W. Wilbern left for Lynchburg with a twelve-year-old runaway named Harvey Miller, who has been at work in a feed store here for three months. During last month there were thirty-one deaths in Portumouth. The city is thronged with strangers and the hotels are all full. R. T. K. Bain and L. W. Buskey are on their way to the Albany peuitentiary. This morning United States Commissioner C. T. Barry sent on for trial a negro man named Andrew Wright, charged withfalsely representing bimself at the post-office and obtaining possession of A letter belonging to another party and containing $58, which money Wright spent in spreeing. Captain Mordecai, of the police department, arrived to-night from Wilmington, N. C., with the forger Barnes. The captain and crew of the disabled teamer Rescue arrived here to-day from North Carolina. The rescue will be towed LO Philadelphia for repairs.