Farmers & Citizens National Bank (New York, NY)

Episode Information

Episode UID
122300813
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
12230 national
Charter Number
1223
Start Date
September 6, 1867
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
faf0b9102483e0d0

Response Measures

None

Receivership Details

Depositor recovery rate
96.0%
Date receivership started
1867-09-06
OCC cause of failure
Losses
Share of assets assessed as good
74.9%
Share of assets assessed as doubtful
7.8%
Share of assets assessed as worthless
17.4%

Description

Articles refer to the bank variously as Brooklyn/Williamsburgh/Williamsburg; Comptroller-appointed receiver and winding up follow suspension.

Events (4)

1. June 5, 1865 Chartered
Source
historical_nic
2. September 6, 1867 Receivership
Source
historical_nic
3. September 6, 1867 Receivership
Newspaper Excerpt
The affairs in the Farmers and Citizens National Bank of Brooklyn were to-day placed in the hands of a receiver. Bill-holders are of course secured, and no doubt depositors also.
Source
newspapers
4. September 6, 1867 Suspension
Cause
Government Action
Cause Details
Comptroller/examiner found a deficiency (reported about $45,000); Controller ordered receiver and suspended payments.
Newspaper Excerpt
The Comptroller of Currency has appointed a Receiver of the Farmers' and Citizens' National Bank of Brooklyn, which failed for three days
Source
newspapers

Newspaper Articles (23)

Article from Nashville Union and Dispatch, September 7, 1867

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Secretary of the Treasury. The Comptroller of Currency has appointed a Receiver of the Farmers' and Citizens' National Bank of Brooklyn, which failed for three days, to have on hand in lawful money of the United States, an amount equal to fifteen per cent. of its circulation and deposits. Bill-holders are amply secured bv securities deposited with the Treasurer of the United States.


Article from The New York Herald, September 8, 1867

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EUROPE The news report by the Atlantic cable is dated yesterday evening. September 7. The Prussian government issued a peace circular in which it 18 stated that the pacific declarations of the Marquis de Moustier, the French Foreign Minister, are "highly satisfactory." General Garibaldi dined with the Prussian Minister in Florence, by special invitation, when on his way to the Peace Congress of the revolutionists in Geneva The Austrian cabinet has been reconstructed. A number of Irish policemen have been dec. orated with English medals for action in the Fenian campaign. The little American schooner John T. Ford drifted to the coast of Ireland after being capsized. Valuable papers have been found on the wreck and se. cured. The Turkish naval authorities on the coast of Candia compelled an American vessel to desist from shipping insurrectionary refugees. Consols closed at 943. for money. in London. Five. twenties were at 73% and firmer in London, and at 77 in Frankfort. The Liverpool cotton market was easier, with middling uplands at 10d. Breadstuffs firm. Provisions and produce without material change. MISCELLANEOUS. Further particulars of the Naugatuck railroad accident disclose the fact that a passenger car was also precipitated from the bridge but without injury to the passengers. or the sixteen inmates of the baggage car which was swept with wonderful rapidity down the stream by the swollen current, eight lost their lives and four bodies have been recovered. A coroner's jury rendered a verdict stating that the bridge was an " insufficient struc. ture." Intense excitement prevailed among the depositors in the Farmers' and Citizens' National Bank, of Brooklyn, yesterday on receipt of the information that the institution bad been placed in the hands of a receiver. Heavy losses are experienced by this blow among the merchants of Williamsburg. The doors of the building were sealed yesterday, and no admittance was given to any of the numerous unfortunate ones who crowded about it demanding some redress. It is stated that the president of the bank kept his knowledge of the notification received from the Treasury Department for nearly a month from the directors. and the collapse was as adden to them as to the stockholders. No statement of the affairs of the bank has yet been put forth by the directors. The Merchants' and Traders' Bank, of Greenpoint, also suspended payment yesterday, as all its deposits were in the hands of the defunct institution. Several of the banks suffered slight losses by this double failure. An inquest was held on the body of John O'Flynn yesterday at Bellevue Hospital, and a verdict was ren. dered that he came to ha death from the effects of a fracture of the skull produced by a blow from the fist of William McKenzie, who has been arrested. General Griffin has assumed command at New Orleans, and in his initial order directs that all existing orders will remain is force. The Montreal riots have ceased and the town is again quiet. One man killed and thirty serious wounds from gunshots and stones are the sum total of casualties on rough estimation. Several of the alleged rineleaders were discharged from custody by the court yesterday. Middleton. an oil merchant, whose stores in Montreal were recently destroyed by fire, is reported to have absconded, leaving behind 3 deficiency of $43,000 on his books. General Sheridan arrived in Cairo yesterday, and started immediately by rail for St. Louis, no time being given for a demonstration in Cairo, beyond firing a salute. The population of San Francisco is now 130,000, an increase of 74,000 in seven years. A defaulting cashier in San Francisco recently ab. seconded for China with $100,000 worth of "misapproprinted" funds. The California election, it is claimed, was carried solely through the apathy of republicans. Some of the strong republican counties showed a heavy falling off in the vote polled, and even went strongly democratic. M. Alphonse Dano, the late French Minister in Mexico, sailed from this port yesterday for France. Frederick Horricks, the late Belgian Charge d'Affaires in Mexico, accompanied him. A Washington correspondent of a Boston paper states that the President's friends have telegraphed to General McClelian to come on to Washington, if he will attach himself to the President's cause. Abraham Myers, the conservative candidate for Mayor of Nashville, was killed by a fall from a staircase yes. serday. It was rumored in Washington yesterday that Secretary Seward had resigned. and that Reverdy Johnson was to be appointed Secretary of State. Secretary McCulloch is about preparing a revised and corrected statement of the public debt, in which he will show that the debt has been reduced nearly $265,000,000 within the last two years. Forty-three deaths from yellow fever occurred in New Orienas vesterday. Boats from that city are placed under quarantine at Vicksburg. The Newburg boat race was again postponed yesterday owing to the roughness of the water; this timel until Monday. The Fenian Congress at Cleveland yeaterday appolated . committee to confer with a committee from the Savage


Article from The Evansville Journal, September 9, 1867

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of NEW YORK. daw sdt Bank Suspension-Ar of Internal Revenue Collector-Death or a Celebrated Troiting Horse. NEW YORK, Sept. 8.-The Mechani ics' and Traders Bank of Green point, L. I incorporated under the late law, suspended payment yester day, on account of the collap of the Farmers' and Citizens' National B ok of Williamsburg, of which it was an offshoot. and in which its deposits were made. It is reported that one of the Col lectors of Internal Revenue of this city, was arrested for condivance in whisky frauds. The celebrated old trotter Lady Woodruff died at Copake last Sunday.


Article from New-York Tribune, September 9, 1867

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Large throngs assembled in front of the bank on Sat urday, and many anxious looks were cast upon the closed doors and windows; but the apprehonsion at no time amounted to a panic. An impression prevailed to some extent that a personal misunderstanding had existed between the Examiner and the President, and that it was possible that the difficulty might be settled. and that the bank might resume business, upon an explanation to the Treasury Department. It was also confidently asserted that 110 depositor would suffer loss, as the bank was abundantly able to meet all liabilities; that the Directors had not been aware of any trouble until within a few days of the suspension, and that the President was confident of his ability to successfully contest the action of the Examiner. An impression also prevailed that the stockholders would be the principal, if not the only, suf ferers by the failure of the bank. How far these impressions went to allay the uneasiness of the depositors it would be difficult to determine. The chief trouble occasioned by the suspension was among the depositors, the majority of whom are manufacturers and small trades people of the Eastern District, and the inconvenience felt by these persons upon the refusal of the bank officers to cash their Saturday checks was in many instances very annoying. It is said that Mr. Henry Steers, the Greenpoint ship-builder, 18 a depositor in the bank to the amount of about $50,000. The Farmers' and Citizens' Bank is the same which, on the 19th of January, 1866, lost $10,000. by its messenger, Mr. Terry, being knocked down and robbed at the intersection of Beekman and William-sts., New-York, at 9 o'clock in the morning, while on his way to a bank with exchanges. This large amount was never recovered, nor were the robbers ever arrested. The Dime Savings Bank, the German Savings Bank, and the Williamsburgh City Savings Bank are said to have been depositors in the Farmers' and Citizens' to 8 large amount. The Williamsburgh Savings Bauk is said to be interested in the sum of $75,000. and the Gerinan about $60,000; while the miscellaneous deposits are estimated at about $1.000,000. Of course when the facts respecting the Savings Bank became known, the excitement proportionately increased in extent and power, and the Savings Banks were also visited by auxious and inquiring multitudes of small depositors, and at one time a panic was apprehended, but nothing of the kind occurred. These are the facts concerning the suspension of the Farmers' and Citizens' National Bank of Williamsburgh, so far as they can be reached at present. Numbers of rumors are afloat, but with what foundation cannot now be determined. The Merchants' and Traders' Bank of Greenpoint, a branch of the National Bank, but conducted for the past nine months under the general banking laws of the State as a State Bank, of which Mr. Beach was also President likewise suspended payment, upon receiving intelligence of the failure of the parent institution, where all the funds of the Greenpoint establishment are said to have been deposited. The officers of this Bank are : O. M. Beach, President: F. A. Thurston, Cashier; directors John J. Hicks, David Sturtevant, Sylvester Tuttle, George Ricard, Watson Sanford, Howell Smith, David Williams, S. W. Woollsey, and S. M. Beard. Of course, the suspension of this concern created a corresponding anxiety and alarm among the Greenpoint depositors. It was reported in commercial circles on Friday that the First National Bank of Kingston, N. Y., had lost about $100,000 through the indiscretion or defalcation of its President. About $8,000 of the bank's paper was consequently thrown out. The facts are now said to be that Mr. Hasbrouck, the President of the bank, was indebted to the institution to the amount of $91,000 or $92,000. Mr. Hasbrouck has placed all his property iu the hands of the directors of the bank. He had al ways borne a good character, and his friends cannot learn that he has lost any money by speculation. The officers of the institution have promptly made arrangements to redeem their outstanding paper, and all of their notes held against the bank in this city have been redeemed. The bank is solvent. but the stock will probably be slightly affected by the defalcation.


Article from New-York Tribune, September 9, 1867

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BANK FAILURES. SUSPENSION OF THE FARMERS' AND CITIZENS' NATIONAL BANK OF WILLIAMSBURGH, AND THE MERCHANTS' AND TRADERS' BANK OF GREENPOINT - TROUBLE IN A KINGSTON BANK. A wide-spread excitement was created in Brooklyn, E.D., on Saturday. by the announcement that the Farmers' and Citizens' National Bank of Williams" burg had suspended payment, and that the funds had been placod in the hands of Mr. Frederick A. Platt, as receiver, acting under orders from the Controller of the Currency. The Bank was organized in 1852, under the old State Law; and in 1865 it continued business under the National Bank system, with a capital stock of $300,000, in 15,000 shares at par value of $20. These shares were last quoted at 108. According to'the regulations of the National Treasury, the Farmers' and Citizens' Bank with other National Banks of the same class, was compelled to reserve a fund of legal-tenders in its vaults amounting to at least fifteen per cent of the gross sum of the deposits and circulation. The Farmers' and Citizens' held on deposit about $1,000,000, and was permitted to issue National Bank Currency notes in the sum of about $250,000. It also had about $9,000 old State notes afloat. and 88 these, as fast as gathered in, were converted into the national ourrency notes, they were counted in by the Government as a portion of the bank's circulation. On the 20th of July last, Mr. Callendar, the Government Examiner. visited the bank, and found the amount of funds on hand not suf. ficient to answer the requirements of the law. He gave Mr. Beach, the president, the usual 30 day's notice, and again visited the bank on Monday last. The deficiency (said to be $45,000), had not been made good; and a subsequent representation of these facts to the Controller at Washington elicited an official order-published in Saturday's TRIBUNE-appointing Mr. Platt receiver. Mr. Platt took possession of the bank on Friday, although the fact of the suspension having taken place did not become generally known until the following day. The officers of the bauk include some of the best known, most wealthy, and trustworthy men of the city, by naine as follows: President, Oren M. Beach; Cashier, Henry W. Redfield; Directors, C. M. Beach, John Hicks, Sylvester Tuttle, S. W. Woolley. Watson Sanford, Howell Smith, Anthony Betts, David Sturtevant, W. I. Pooley, Sylvester M. Beard, Geo. Ricard, David Williams, Daniel D. Lear. The business of the bank has heretofore been considered most prosperous. A dividend of five per cent was declared last July, and the statement at that time was as follows:


Article from The Daily Dispatch, September 9, 1867

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A Bank in a Difficulty. NEW YORK, September 6.-The affairs in the Farmers and Citizens National Bank of Brooklyn were to-day placed in the hands of a receiver. Bill-holders are of course secured, and no doubt depositors also.


Article from Daily Ohio Statesman, September 9, 1867

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FROM NEW YORK. New Crop Tobacco. NEW YORK, September 7.--A firm in this city has received the first hogshead of to. bacco grown in Hart county, Ky. Book Trade. At a book trade sale in this city, prices realized about 28 per cent. higher than the last sale. The Mortality Report. The deaths for the week were 562, slightly less than last week. Emigration. Two thousand four hundred and fiftytwo emigrants arrived to-day. First National Bank of Kingston. Regarding the losses of the First National Bank of Kingston it is stated that the President, Mr. Hasbranek, was in arrears to the amount of $91,000. It is supposed he lived beyond his income and thus be. came indebted to the bank. He has placed all his property in the hands of the directors. The bank will pay all its indebtedness, and is perfectly solvent. Reverdy Johnson. The latest rumor from Washington is that Reverdy Johnson is to succeed Seward. Suspended Payment. NEW YORK, Sept. 3.-The Mechanics' & Traders' Bank of Greenpoint, Long Island, incorporated under the late law, suspended payment yesterday, on account of the collapse of the Farmers' & Citizens' National Bank of Williamsburg, of which it was an offshoot, and in which its deposits were made. Arrested. It is reported that one of the collectors of internal revenue in this city has been arrested for conniving in the whisky frauds. Death of a Celebrated Trotter. The celebrated old trotter Lady Woodruff, died at Copake last Sunday.


Article from The Wheeling Daily Register, September 9, 1867

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Suspended Payment. NEW YORK, September 8.--The Mechanics' and Trader's bank of Green Point, Long Island, incorporated under the late law, suspended payment yesterday, on account of the collapse of the Farmer's and Citizen's National Bank of Williamsburg, of which it was an offshoot, and in which its deposits were made. It is reported that one of the Collectors of Internal Revenue of this city, was arrested for connivance in whisky frauds. The celebrated old trotter, Lady Woodruff, died at Copake last Sunday.


Article from New-York Tribune, September 11, 1867

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Total $8,659,664 52 The Controller of the Currency gives notice to all perRODS who may have claims against the Farmers' and Citizens' National Bank of Brooklyn. N. Y., to present the same and make legal proof thereof to Frederick A. Platt, Receiver of said Bank, at its office in that city. He also gives notice to the holders of the circulating notes of the same institution, that such notes will be paid in lawful money of the United States upon presentation of the same at the United States Treasury.


Article from Daily Davenport Democrat, September 12, 1867

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NEW YORK. New Your, Sept. 12.-Developments in regard to the internal revenue frauds in Brooklyn are taking sangible shape, and are so wide in their ramifications, it is said, as even to implicate certain members of the Washington Cabinet, whose identity is at present concealed. Mr. Callicott, it is said, has brought to the knowledge of Washing ton officials some very ugly matters relative to the doings of his prosecutors. Further correspondence relative to the Alabama claims against Great Britain is made public, dated August 27, 1866. Sec'ry Seward sends to minister Adams a summary of claims of citizens of the United States for damages from private ors fitted out from British ports and requests that Lord Stanley be informed that the settiement to re entire ly necessary of these may claims establish has become friendly urgents relations between the United States and Great Britain, The hostile course of the latter country during the rebellion is con trasted with the action of the United States government toward the Fenian invasion of of Canada, in the following words:"Thus we have seen ruinous Briti-h warlike expeditions against the United States practically allowed and tolerated by Her Majesty's government, notwithstanding remonstrance, and we have seen similar use lawful attempts in this country against Britain allowed and defended by direct and unprompted action of the Government of the United States." A Tribune special says: The President will keep quiet now till after the fail elections. No Cabinet changes will take place until after the Pennsylvania, Ohio and New York elections. Is is probable that the Pres dent will suggest to District command ers that the elections at the South all take place on the same day. Times' special says: It has been repeats edly stated that the dispatch of August 13, from Gen. Grant to Gen. Sickles, which was printed Saturday last completed the correspondence This is not the case. There are one or two other other brief dispatches and a letter from Gen. Grant to Gen. Sickles dated August 24th, which being uns derstood by the latter to be private he has not published, although Grant intended his authorization to cover everything. In this letter, Grant commends the wisdom of Sickles' acts. A deputation of officers and Directors of the Citizens' and Farmers' National Bank, of Brooklyn,consisting of O. M. Beach, Press ident, Smith, Sheldon, S. M. Beard, and others are here endeavoring to induce the Cemptroller of Currency to restore the Bank to its managers on the ground that it is a public benefit, and they offer, as Directors, to guarantee indebtedness to the Bank in certain sums amouting to over $300,000 if the request is complied with There is great doubt if the Comptreller has power under law to suspend the proceedings after they are once began, and applications of 3 those parties suspended are pending legal opinion on this point.


Article from The Daily Gate City, September 13, 1867

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FROM WASHINGTON. / WASHINGTON, Sept. 12. The Intelligencer has an editorial, in which it strongly hints at an uprising of the people in Maine, and of such a character that it is the President's duty to vacate most of the Federal offices in that State and fill them with Democrats and conservatives. NEW YORK, Sept. 12. The Times' Washington special says: It has been repeatedly stated that a dispatch, dated August 13th, from Gen. Grant to Gen. Sickles, which was printed Saturday last, completed the correspondence. This is not the case. There are one or two other brief dispatches, and a letter from Gen. Grant to Gen. Sickles, dated August 24th, which, ber ing understood by the latter to be private, he has not published, although Grant intended his authorization to cover everything. In this letter Grant commends the wisdom of Sickles' acts. A deputation of the officers and directors of the Farmers' and Citizens' National Bank, Brooklyn, consisting of Dr. M. Beach, President, Smyth Sheldon, S. M. Beard, and oth err, are here endeavoring to induce the Comptroller of Currency to restore the bank to its managers, on the ground that it is a public benefit, and they offer, as directors, to guarantee the indebtedness to the bank of certain sums, amounting to over $300,000, it their request is complied with. There is great doubt if the Comptroller has the power, under the law, to suspend proceedings after they are once begun, and the application of these parties is suspended pending a legal opinion on the point. Further correspondence relative to the Al. abama claims against Great Britain is made public. August 27, 1866, Secretary Seward sent to Minister Adams a summary of the claims of the citizens of the United States for damages from the privateers fitted out from British ports, and requests that Lord Stanley may be informed that the settlement of these claims has become urgently necessa. ry, to re establish entirely the friendly rela. tiobs between the United States and Great Britain. The hostile course of the latter country during the rebellion is contrasted with the action of the United States Govern. ment toward the Fenian invasion of Canada in the following words: "Thus we have Been ruinous British warlike expeditions against the United States practically allowed and tolerated by her Majecty's Government, notwithstanding remonstrance, and we have seen similar unlawful atterapta in this country against Great Britsin not allowed, and defended by direct and unprompted action of the Government of the United States." The Tribune's special says that the Presi dent will keep quiet now until after the fall elections. No Cabinet changes will take place until after the Pennsylvania, Ohio and New York elections. It is probable that the President will suggest to the District Commanders that the elections at the South all take place OR the name day.


Article from The Wheeling Daily Intelligencer, September 13, 1867

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New York Specials. NEW YORK, Sept. 12.-The Herald's special says: Developments of the Internal Revenue frauds are taking a tangible shape and are so wide in their ramification, it is said, as even to implicate certain members of the Washington Cabinet, whose identity at present is concerned. Proceedings in the Revenue Board over these alleged frauds are said to have been somewhat stormy, some of the members offering to resign on account of them, and Mr. Rollins' presence here au one time was in furtherance of an investigation of the subject. J. C. Allen, keeper of the warehouse on Sedgwick street, whose alleged frauds have been committed, WAS arrested and held in twenty thousand dollars bail, with charge of complicity in the illegitimate removal of 20,000 gallons of Whisky. Mr. Callcot, it is said, has brought to the knowledge of Washington officials some very ugly matters relative to the doings of his prosecutors. J. C. Thompson. keeper of the bonded warehouses, Nos. 24 and 46 Sedgwick street, Brooklyn, was arrested and taken before Commissioner Newton at the U.S. Court, on a charge of being implicated in the removal of 20,000 gallons of whisky which had been placed in his charge. He was held to bail in the sum of twenty thousand dollars. A Times' special says: It has beeu recently stated that the dispatch dated August 13, from General Grant to Gen. Sickles, which was printed Saturday last, completed their correspondence. This is not the case. There are two other brief dispatches and a letter from General Grant to General Sickles, datep Aug. 24th, which being understood by the latter as private, he has not published it. In this letter General Grant comments on the wisdom of General Sickles. A deputation of officers and directors of the Farmers and Citizens' National Bank of Brooklyn, consisting of O.M. Beach, President, Smith Sheldon, S.M. Beard and others are bereendeavoring to induce the Comptroller of Currency to restore the bank to its managers on the ground that it is a public benefit, and they offer, as directors, to guarantee an indebtedness to the bank in certain sums amounting to over $300,000 if their request is complied with. There is great doubt if the Comptroller has powor under the law tosuspend proceedings after they are begun, and the application of these parties is suspended by the pending legal opinion on this point. The Tribune's special says, the President will remain quiet now till after the fall elections. No Cabinet changes will take place till after the Pennsylvania, Ohio and New York elections. Probably the President will suggest to District Commanders that the elections in the South all take place on the same day.


Article from Daily Ohio Statesman, September 13, 1867

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FROM NEW YORK. News from the Indian Country New YORK, Sept. -The Herald's Sioux City dispatch says: The Indian Commisreached here at noon to-day, all well. will be held with all of of Indians as far as reservations were on river and at Councils ent The sion Big bands Indian Cheyenne the situated Fort the mouth starts differ- Suily. at of the Nebraska. The Commission once for Omaha, and from thence to Fort Laramie, to visit hostile tribes. The Herald's Leavenworth special says: The Indians fired into a passenger train, six miles west of Fort Harker, to-day. They had placed ties on the track, which were removed by the pilot of the locomotive, when about thirty-five Indians into rose up from a ravine and poured a volley the cars without injuring any one. A band of Cheyennes murdered three men the and one woman at Pilumle Buttes, on a Little Arkansas, a few days since. and boy named Nealon was served the sa me way on last Saturday at Crow Creek, 19 miles west of Fort Harker. The Revenue Frauds. The Herald says: The developements of Internal Revenue frauds in Brooklyn are in taking tangible shape and were so wide their ramifications, it is said, as even to implicate certain members of the Washing- is Cabinet, whose identity at present concealed. ton The proceedings in the Revenue Board over these alleged frauds are said to have been somewhat stormy, some of the members offering to resign on account of them. and Mr. Rollins' presence here at time was in furtherance of an investigation one of the subject. J.C. Allen, keeper of the warehouse on Sedgwick street where the alleged frauds are said to have been committed. was arrested yesterday and held in twenty thousand dollars bail, with a charge of complicity in the illegal removal of 20,000 gallons of whisky. Mr. Callicott, it is said, has brought to the knowledge of the Washington officials some very ugly matters relative to the doings of his prosecutors. J. C. Thompson. keeper of the bonded warehouses Nos. 24 and 26 Sedgwick street, Brooklyn, was arrested and taken before the Commissioner at the United States court on a charge of being implicated in the removal of 20,000 gallons of whisky which had been placed in his charge. He was held to bail in the sum of $20,000. Grant and Sickles. The Times' special says: It has been-repeatedly stated that the dispatch of August 13th, from General Grant to General Sickles, which was printed on Saturday last, completed the correspondence. This is not the case. There were one or two other rief dispatches, and a letter from General Grant to General Sickles, dated August 24th, which being understood by the latter to be private he has not published, although Grant intended his authorization to cover everything. In this letter General Grant commends the wisdom of Sickles' acts. Tue Farmers' and Citizens' Banks. A deputation of officers and directors of the Farmers' and Citizens' National Bank of Brooklyn, consisting of Oren M. Beach, President. Smith Shelden, S. M. Baird and others, are here endeavoring to induce the Comptroller of the Currency to restore the Bank to its managers, on the ground that it is a public benefit, and they offer, as directors, to guarantee the indebtedness of the Bank to certain sums amounting to over $300,000, if the request is complied with. There is great doubt if the Comptroller has power under the law to suspend proceedings after they are once begun, and the application of the parties is suspended, pending legal opinion on this point. The Alabama Claims. Further correspondence relative to the Alabama claims upon Great Britain is made public: August 27. 1866, Secretary Seward sends to Minister Adams a summary of the claims of citizens of the United States for damages from privateers fitted out from British ports, and requests that Lord Stanley may be informed that settlement of these claims have become urgently necessary to the reestablishment entirely of friendly relations between the United States and Great Britain. The hostile course of the latter country during the rebellion is contrasted with the action of the United States Government toward the Fenian invasion of Canada in the following words: "There we haveseen various British warlike expeditions against the United States practically allowed and tolerated by Her Majesty's Government, notwithstanding remonstrance, and we have seen since that unlawful attacks in this country against Great Britain disallowed and defeated by the direct and unprompted action of the United States." The President. The The Tribune's special Presi-


Article from Evening Star, October 2, 1867

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w Mr. Alexander Pace, of Prince George county. sent the first bale of new cotton grown in Virginia this year, to Petersburg last Friday. w The Farmers and Citizens' National Bank of Brooklyn, New York, is to be wound up by the Receiver. -


Article from The New York Herald, January 29, 1868

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THE FARMERS AN CITIZENS' BANK OF BROOKLYN. TREASURY DEPARTMENT, OFFICE OF COMPTROLLER OF THE CURRENCY, WASHINGTON. Jan. 27, 1868. Sia-Yours of December 30, 1867, was duly received. The consideration of the propriety of declaring a dividend for those who have made proof of their claims against the Farmers and Citizens' National Bank of Brooklyn, N. Y., is for the present necessarily deferred until the proceedings before the United States Circuit Court in the matter of said bank are determined. Very respectfully, R. H. HULBURD, Comptroller. F. A. PLATT, Receiver Farmers and Citizens' Bank, Brooklyn, N. Y.


Article from The New York Herald, February 21, 1868

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BROOKLYN INTELLIGENCE. THE LATE FARMERS AND CITIZENS NATIONAL BANK.The receiver of this institution having been instructed by the Comptroller of the Treasury to pay a dividend to its depositors yesterday, these victims poured into the bank building in a continuous stream from ten A. M. to four P. M. It was composed principally of men doing a small business and the representatives of wido WE and orphans whose dependence was at stake there. All were paid promptly fifty. five cents on the dollar, with a promise of more hereafter. Over $400,000 were paid out during the day, and $250,000 yet remain on hand for distribution. The payment of this dividend will materially affect the business interests of Williamsburg. WASHINGTON'S BIRTHDAY.-To-morrow being Washington's birthday and a legal holiday, business will be generally suspended in the Eastern district. This evening the Washington Association will give a grand ball and basquet at Masonic Temple. OIL WORKS ON FIRE.-About nine o'clock last night a fire broke out in the Diamond Light Oil Works, corner of North Thirteenth and Second streets, E. D., and damage to the amount of $10,000 was sustained; insured. The fire originated in the stillroom, and was of accidental origin. Fred. Stamp. one of the workmen, was slightly burned about the head. THE RECENT TUGBOAT EXPLOSION -Captain Dakin, of the tugboat James A. Wright, who was so seriously in. jured by the explosion of the boiler on Monday, is reported to be in an improving condition. The pilot, Mr. B. Fisher, is still in a precarious condition. The men are still as the Long Island College Hospital.


Article from The New York Herald, February 25, 1868

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Mining shares were dull. As the first board Smith Parmelee sold at $2 65; Consolida ed Gregory Gold, S4; La Crosso Gold, 70c.; Quartz Hill, $1 30; Montana, 50c. Corydon, 40c. The text of the joint resolution authorizing the Comp. troiler of the Currency to revoke the appointment of receiver for the Farmers and Citizens' National Bank of Williamsburg, and to restore the bank to its owners, is as follows:Be it resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the Comptroiler of the Currency be au horized, with the approval of the Secretary of the Treasury, 10 revoke the order appointing a receiver for the Farmers and Citizens' Bauk of Wildamsborg, New York, and restore the said bank and the management


Article from Evening Star, March 7, 1868

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PUBLIC RESOLUTION-No. 14.] JOINT RESOLUTION authorizing the Comptroller of the Currency to revoke the appointment of receiver for the Farmers and Citizens' Na. tional Bank of Williamsburg, New York, and to restore said bank to its owners under cer. tain conditions. Be it resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the Comptroller of the Currency be authorized, with the approval of the Secretary of the Treasury, to revoke the order appointing a receiver for the Farmers' and Citizens' Bank of Williamsburg, New York, and restore the said bank and the management thereof to the directors, for the purpose of enabling the association to continue the business of banking: Provided, That said bank. ing association shall first present to the Comptroller satisfactory assurances that the public interest will be promoted thereby, and shall secure, in such manner as the Comptroller shall direct, the full payment of all the credi. LOTS of the association, and shall restore the


Article from The Evansville Journal, March 11, 1868

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[PUBLIC RESOLUTION-No. 14.] JOINT RESOLUTION authorizing the Comptroller of the Currency to revoke the appointment of receiver for the Farmers' and Citizens' National Bank of Williamsburg, New York, and to restore said bank to its owners under certain conditions. Be it resolved by the Senate and House of Representatives of the United States of America in Congress Assembled, That the Comptroller of the Currency be authorized, with the approval of of the Secretary of the Treasury, to revoke the order appointing a receiver for the Farmers' and Citizens' Bank of Williamsburg, New York, and restore said bank and the management thereof to the directors for the purpose of enabling the association to continue the business of banking: Provided, That said banking association shall first present to the Comptroller satisfactory assurances that the public interest will be promoted thereby, and shall secure, in such manner as the Comptroller shall direct, the full payment of all the creditors of the association, and shall restore the capital stock to its original amount in case the capital has been impaired by losses. Approved, March 2; 1868.


Article from The National Republican, March 12, 1868

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[PUBLIC RESOLUTION-No. 14.] JOINT RESOLUTION authorizing the Comptroller of the Currency to revoke the appointment of receiver for the Farmers and Citizens' National Bank of Williamsburg, New Yerk, and to restore said bank to its owners under certain conditions. Be it resolved by the Senate and House of Rep. resentatives of the United States of America in Congress assembled, That the Comptroller of the Currency be authorized, with the approval of the Secretary of the Treasury, to revoke the order appointing a receiver for the Farmers and Citizens' Bank, of Williamsburg, New York, and restore the said bank and the management thereof to the directors for the purpose of enabling the association to continue the business of banking: Provided, That said banking association shall first present to the Comptroller satis. factory assurances that the public interest will be promoted thereby, and shall secure, in such manner as the Comptroller shall direct, the full payment of all the creditors of the association, and shall restore the capital stock to its original amount in case the capital has been impaired by losses. Approved. March 2. 1868.


Article from Walla Walla Statesman, May 8, 1868

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[PUBLIC RESOLUTION-No. 14.] JOINT RESOLUTION authorizing the Comptroller of the Currency to revoke the appointment of receiver for the Farmers' and Citizens' National Bank of Williamsburg, New York, and to restore said bank to its owners under certain conditions. Be it resolved by the Senate and House of Representatives of the United States of America in Cons gress assembled, That the Compiroller of the Currency be authorized, with the approval of the Secretary of the Treasury, to revoke the order appointing a receiver for the Farmers' and Citizens' Bank of Williamsburg, New York, and restore the said bank and the management thereof to the directors, for the purpose of enabling the association to continue the business of banking: Provided, That said banking association shall first present to the Comptroller satisfactory assurances that the public interest will be promos ted thereby, and shall secure, in such manner as the Comptroller shall direct, the full payment of all the creditors of the association, and shall restore the capital stock to its original amount in case the capital has been impaired by losses. Approved March 2, 1868.


Article from St. Johnsbury Caledonian, July 24, 1868

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Joint resolution authorizing the comptroller of the currency to revoke the appointment of receiver for Farmers' and Citizens National bank of Williamsburg, New York, and to restore said bank to its owners under certain conditions. Be it resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the comptroller of the currency be au thorized, with the approval of the secretary of the treasury. to revoke the order appointing a receiver for the Farmers' and Citizens' bank of Williamsburg, New York, and restore the said bank and the management thereof to the directors, for the purpose of enabling the association to continue the business of banking: Provided. That said banking association shall first present to the comptroller satisfactory assurances that the public interest will be promoted thereby, and shall secure, in such manner as the comptroller shall direct, the full payment of all the creditors of the association, and shall restore the capital stock to its original amount in case the capital has been impaired by losses. Approved, March 2, 1868


Article from The New York Herald, March 18, 1871

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BROOKLYN COURTS. UNITED STATES CIRCUIT COURT. The Defunct Farmers and Citizens' National Bank. Before Judge Benedict. The receiver of the defunct Farmers and Citizens' National Bank, Mr. Platt, petitioned the court some time since for permission to compro. mise doubtful claims which had come into his possession. The claims in question were $11,200 of notes and drafts of H. W. & R. W. Redfield, the latter of whom offered to compromise for $1,000. The matter was referred to Commissioner Jones, who yesterday reported in favor of granting the permission applied for. The report was confirmed.