First National Bank (Ithaca, MI)

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Bank Troubles, WASHINGTON Oct. 7.-Comptroller Eckels to-day appointed Charles M. Wilson, of Grand Rapids, receiver of the First National Bank, of Mount Pleasant, Mich A bank examiner has teen placed in charge of the First National Bank, of Ithaca, Mich., which closed its doors today. ITHACA MICH. Oct. 7.-The First National Bank, of Ithaca, closed this morning. Robert M. Steele is president of this bank, as well as of the one which failed yesterday at Mount Pleasant. Steel failed at St. Louis recently for a large sum. Capital of bank is $85,000.

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Receiver Appointed

Washington. Oct. 7.--Comptroller Eckels today appointed Charles M. Wilson of Grand Rapids, Mich., receiver of the First National bank of Mount Pleasant, Mich. A bank examiner has been placed in charge of the First National bank of Ithaca, Mich., which closed its doors today.

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ABBREVIATED TELEGRAMS.

The Tyler Car and Lumber company, of Tyler, Tex., one of the largest lumber concerns in the state, was placed in the hands of a receiver. Liabilities, $250,000; assets, $150,000 to $200,000.

Vice President Stevenson's oration to the grand lodge of Illinois was the principal event of the session of Masons at Chicago.

Obituary: At Rockville, Ind, Rev. W. P. Cummings, 87; at Grace Hill, Ia., Bishop Henry T. Bachman, of the Moravian church, 63, at Paw Paw, Illsa Julia Pine; at Anderson, Ind., Cyrus Wirt, 62. The First National bank, of Ithaca, Mich., has closed. R. M. Steele is president of this bank, as well as of the one which failed at Mount Pleasant. The capital of the bank is $85,000.

The Chicago Armenian committee reports that it has collected and sent $13,000 to the international committee at Constantinople for distribution.

Miss Margaret A. K'sch has been awarded a verdict of $7,500 against George A. Jewell at New York for breach of promise of marriage.

A Chicago firm has purchased the entire walnut crop of Santa Barbara county, Cal.

Walter M. Castle, a wealthy San Francisco merchant, has been arrested at London, charged with stealing chinchilla skins valued at $100.

The Duluth board of trade has decided to sell no grain to Superior, Wis., mills except on Minnesota inspection and weight. Superior milis are shut down for want of wheat.

General Trochu, who defended Paris until it surrendered to the German army in Jantuary, 1871, is dead.

Fire broke out in the watch factory building at Peoria, Ills., occupied by the Ide Bicycle factory and the Parsons Horological institute, and before it could be controled had cost the bicycle company $40,000 and the horological school $30,000.

Edward Anderson and Mrs. Jane Ferries, a widow, have been married at New York after a separation of over twenty years. They were sweethearts and Anderson went to make his fortune, succeeded, but married a Texas girl. His sweetheart also married. Both lost their partners, met again, loved and-see first sentence.

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CONDENSED NEWS, Gathered From All Parts of the World by Telegraph. The Bank of British North America, New York, announces that $5 1,000 in gold has been withdrawn ir m the Bank of England for export to them. John Sims, John Reed and George Withrow, were drowned in the Mississippi river near Meyer, Ill Their boat capsized. Their bodies were promptly recovered. The porte has sent a note to the powers demanding the right of Turkey to board foreign vessels in Turkish waters for the purpose of searching for Armenians. A receiver has been appointed for the Harlem Casino Co., New York, on the application of the directors. The liabilities of the company are $104,000 and assets $90,000. At a bicycle meet to be held at National park in Milwaukee, on Saturday, October 10, Walter C. Sanger and Eddie Bald will ride a match race, distance one mile, for a purse of $1,000. Two thousand people, headed by the veterans of Ottumwa, Ia., marched to the Union depot Tuesday morning and spent an hour with Gens. Alger, Howard, Sickles and others. It was a very patriotic and enthusiastic meeting. The report of the condition of the British crops up to the first of October, shows that the cereals have been somewhat damaged by rain, but the roots and grass have been improved. The average of wheat is now 104 9-10, and that of barley 843-5. The stage running between Sonora and Oakdale, Cal., was robbed of the mail and express matter by a lone highwayman Tuesday morning. The amount secured is not known. There were five passengers on the stage but they were unmolested. The First National Bank of Ithaca, Mich., closed Wednesday. Robert M. Steele is president of this bank, as well as of the one which failed Tuesday at Mt. Pleasant. Steele failed at St. Johns recently for a large sum. Capital of the bank is $85,000. The telegraphers' strike on the Canadian Pacific railway was declared off Wednesday morning. It is understood that all those operators who have not performed criminal acts will be reinstated. The other terms agreed upon are in the nature of a compromise. M. Victor De Lesseps, son of the late Ferdinand De Lesseps, the world famous engineer, promoter and diplomat, died Wednesday, aged 48 years. It was given out that his death was caused by an accidental fall from a staircase, but it is rumored that it was really a case of suicide. The convention of Good Templars of the United States opened at Chippewa Falls, Wis., Tuesday evening, at Agnew's hall, with a general reception. Addresses of welcome were made by members of the local lodges and responses given by visiting delegates. The convention will not complete its work before Sunday evening.

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Washington, Oct. 7.-Controller Eckels to-day appointed Charles M. Wilson of Grand Rapids, receiver of the First National Bank of Mount Pleasant, Mich. A bank examiner has been placed in charge of the First National Bank of Ithaca, Mich., which closed its doors to-day.

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Other Business Troubles

CUMBERLAND. Md., Oct. 14.-The J. L. Rumbarger Lumber Company, of Dobbin, W. Va., one of the largest and most prosperous concerns along the line of the West Virginia Central railroad, has made an assignment. The assets are very large, and it is believed that the firm's embarrassment will be but temporary. MILWAUKEE, Oct. 14.-Advices from Juneau, Wis., state that the liabilities of W. T. Rambusch, the banker and financial agent who disappeared Saturday and for whom a warrant has been issued. will amount to $200,000. An investigation of his business and accounts is now being made. WASHINGTON. Oct. 14.-George Reed, of Mount Pleasant, Mich., has been appointed receiver of the First National Bank of Ithaca, Mich.

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BANK RECEIVER

Washington, October 14.-George Reed of Mt. Pleasant, Mich., has been appointed receiver of the First National bank of Ithaca, Mich.

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Bank Receiver Appointed

George Reed of Mount Pleasant, Mich., has been appointed receiver of the First National Bank of Ithaca. Mich. -

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Receiver for the Ithnea Bank

Washington, Oct. 15.-George Reed, of Mount Pleasant, Mich, has been appointreceiver of the First National bank of Ithaca Mich

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Throughout the North The telegraphers' strike on the Canadian Pacific Railway has been declared off. The Ide bicycle works at Peoria, Ill., have been destroyed by fire. Loss, $90,000; insured. Monday Detroit, Mich., experienced a big fire. The Detroit Free Press Was the heaviest loser. Reports from Springfield, III., say that Democrats and Populists are getting together in that State. The First National Bank of Ithaca, Mich., has closed its doors. The capital of the bank was $85,000. Dr. Carl F. Nitz, a German physician of Chicago, III., murdered his wife and then killed himself. They lived unhappily together. The Stevens mill weavers, Fall River, Mass., are out on a strike. It is the outcome of a reduction in their wages of 4 per cent. The York Mills, of Saco, Me., have resumed operations again after a three months' shut-down. The wages will be slightly less than formerly part At St. Louis, Mo., boys in the gallery of the Hopkins Opera House caine near causing a panic by crying "fire." It was started by an usher dropping a tray of glasses Men, women and children made a rush for the doos, and some were trampled upor, but none were seriously injured. Two masked and bicycle-mounted robbers swept into the little town of Sherburne, Minn., fourteen miles from Fairmount, dashed into the bank of Sherburne, murdered the cashier and a traveling man, and, securing $1,000 from the cash tray, mounted their wheels and escaped before the eyes of the startled villagers.

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assigned; aggregate liabilities, nearly $500,000. The Chicago Consolidated Iron and Steel Co. assigned; liabilities, about $300,000. B. Hilton, Hughes & Co., successors to A. T. Stewart & Co., New York, made a general assignment and closed business; liabilities over $1,000,000. 31. The Kings County Elevated Railway Co. of Brooklyn placed in hands of a receiver. SEPTEMBER. 4. The First National bank of Helena, Mon., failed, with heavy liabilities. 26. The First National bank of Springville, N. Y., suspended. Wolf Bros.' dry goods establishment in Little Rock closed by attachments; liabilities, $500,000. OCTOBER. 6. The Car and Lumber Co. of Tyler, Tex., failed; liabilities, $250,000. John Maclean & Co., wholesale millinery, failed in Montreal; liabilities, $175,000. B. L. Price & Co., clothing manufacturers, failed; liabilities, $125,000. 7. The First National bank of Ithaca, Mich., failed. 14. The Marine National bank of Duluth failed. 15. The Bank of Commerce of Buffalo closed its doors. 16. Merchants' National bank of Atlanta failed. 19. The Western New York Preserving Co., at Buffalo, seized by the sheriff for debt; 11abilities, $167,323. Charles Bertrand & Co., merchants, of Isle Verte, Que., failed, with liabilities of $235,000. 29. The Mecosta County Savings bank, at Big Rapids, Mich., suspended. NOVEMBER. 20. The First National bank of Sioux City, Ia., failed. 23. The Dakota National bank of Sioux Falls failed. 30. The Missouri National bank, at Kansas City, passed into the hands of the comptroller of the currency. The First National bank of Tyler, Tex., failed. DECEMBER. 1. Gage & Felton, bankers and brokers, failed in Boston.

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BUSINESS TROUBLES

Firms and Corporations Which Succumbed to the Financial Stress of the Period. MARCH. 6. Dan Taimage's Sons, rice dealers, failed in New York city. AUGUST. 4. Moore Bros., speculators, suspended in Chicago. 7. C.H. Fargo & Co., wholesale boot and shoe firm, assigned in Chicago: liabilities, $300, 000. 11. Security bank of Duluth closed its doors. The Murray Hill bank, one of the oldest state banks of New York city, closed its doors; deposits, $1,250,000. 15. George O'Berne & Co., leather dealers; II. M. Hosick, wool dealer, and the Chicago and Western Sonp works, three Chicago firms having close financial connections, assigned: aggregate liabilities, nearly $500,000. The Chicago Consolidated Iron and Steel Co. assigned; liabilities, about $300,000. 26. Hilton, Hughes & Co., successors to A. T. Stewart & Co., New York. made a general assignment and closed business; liabilities over $1,00 000. 31. The King County Elevated Railway Co. of Brooklyn laced in hands of a receiver. SEPTEMBER. 4. The First National bank of Helena, Mon., failed, with heavy liabilities. 26. The First National bank of Springville, N. Y., suspended. Wolf Bros. dry goods establishment in Little Rock closed by attachments; liabilities, $500,000. OCTOBER. 6. The Car and Lumber Co. of Tyler, Tex., failed; liabilities, $250,000. John Maclean & Co., wholesale millinery, failed in Montreal; liabilities, $175,000. B. L. Price & Co., clothing manufacturers, failed; liabilities, $125,000. 7. The First National bank of Ithaca, Mich., failed. 14. The Marine National bank of Duluth failed. 15. The Bank of Commerce of Buffalo closed its doors. 16. Merchants' National bank of Atlanta failed. 19. The Western New York Preserving Co., at Buffalo, seized by the sheriff for debt; liabilities, $107,323. Charles Bertrand & Co., merchants, of Isle Verte, Que., failed, with liabilities of $235,000. 29. The Mecosta County Savings bank, at Big Rapids, Mich., suspended. NOVEMBER. 20. The First National bank of Sioux City, Ia., failed. 23. The Dakota National bank of Sioux Falls failed. 30. The Missouri National bank, at Kansas City, passed into the hands of the comptroller of the currency. The First National bank of Tyler, Tex., failed. DECEMBER. 1. Gage & Felton, bankers and brokers, failed in Boston.

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NEW YORK MINING STOCKS

Ontario Bulwer $0.50 $9 00 80 85 Cholor Ophir 20 20 Crown Point Plymouth 1 00 Quicksilver Con., Cal. & Va 1 90 1 00 10 00 Deadwood do pfd 40 30 Sierra Nevada ... Gould and Curry Hale and Norcross 1 10 Standard 1 50 29 00 Homestake Union Con 35 32 Iron Silver Yellow Jacket 25 Mexican 40 FOREIGN FINANCIAL. NEW YORK, Feb. 15.-Evening Post's London financial cablegram: Because of the political situation the stock markets were flat today, with wide fluctuations. Consols opened at 1121/4, fell to 111½, and closed at 112. Prices at the close were generally better on the less panicky condition of the continental bourses. The latest report in the stock exchange this evening is that Germany is to intervene, with the consent of the powers, between Greece and Turkey. This is only stock exchange information, but I give it, because it determined the tone at the close. There is good buying today at the reduced prices. Americans were flat in sympathy with the other markets. Silver was flat and much disturbed by cables reporting that Japan is about to adopt the gold standard. Berlin, Feb. 15.-Business on the bourse today here opened flat in all departments on the news from the East, aggravated by a panic at Vienna, but prices closed firmly, on the semi-official announcement of the German government on the Cretan question. Paris, Feb. 15.-On the bourse here today business opened panicky, but after fluctuations, there was a recovery. Frankfort, Feb. 15.-Business was unsettled on the bourse here today. Americans were ½ point lower. INSOLVENT BANK DIVIDENDS. WASHINGTON, Feb. 15.-The comptroller of the currency has declared dividends in favor of creditors of insolvent national banks as follows: 20 per cent Bennett National Bank, of New Whatcom, Wash.; 20 per cent Citizens' National bank, of San Antonio, Texas; 20 per cent First National bank, of Ithaca, Mich.; 10 per cent Black Hills National bank, of Rapid City, S. D.; 10 per cent Farmers' National bank, of Portsmouth, O.; 20 per cent National Bank of Pendleton, Or. NEW YORK MONEY. NEW YORK, Feb. 15.-Money on call easy at 1½2 per cent; last loan, 1½; closed offered at 11/2@13/4 per cent. Prime mercantile paper, 3@4 per cent. Sterling exchange strong, with actual business in bankers' bills at $4.87@4.87 for demand and $4.85@4.851/4 for sixty days. Posted rates, $4.851/2 and $4.871/2@4.88. Silver certificates, 645/@65c. Bar silver, 645/3c. TREASURY STATEMENT. WASHINGTON. Feb. 15.-Today's statement of the condition of the treasury shows: Available cash balance, $216,874,912; gold reserve, $146,178,274. CHICAGO MONEY. CHICAGO, Feb. 15.-New York exchange unchanged. Foreign exchange firm; demand, $4.871/2; sixty days, $4.851/gc. BANK CLEARINGS. St. Paul-$622,263.06. Minneapolis-$1,148,175.23.

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LATER

By direction of the president a congressional medal of honor has been presented to Michael Sowers, of Imperial, Pa., late private Co. L, Fourth Pennsylvania cavalry, for most distinguished gallantry in action at Stony Creek station, Va., December 1, 1864. THE issue of $10,000,000 in paper money by the Spanish in Cuba is considered as the first signal of bankruptcy in Spain, to be followed by a general suspension of specie payments. CONSIDERABLE excitement has been created by the discovery in Randsburg, Cal., of ore capable of producing $8,000 in gold to the ton. JACOB F. SHEAFFER, a distiller and liquor dealer of Lancaster. Pa., has confessed judgment to relatives for $13,846, and Internal Revenue Collector Shearer has seized all of Sheaffer's property, including distillery, bonded warehouse and retail liquor store, on a claim by the government for $45,467 THE comptroller of the currency has declared a first dividend of 20 per cent. to the creditors of the First National Bank of Ithaca, Mich., and a third dividend of 10 per cent., making in all 50 per cent., on the Farmers' National Bank of Portsmouth, O. THE exports of grain from Philadelphia since January 1 are the largest in years. Up to the present time nearly 2,50 bushels of corn and 300,000 busi of wheat have been shipped to Europe. THE treasury deficiency for the first half of February is $3,858,500 and for the seven and a half months of the current fiscal year to date $47,713,300. THOMAS D. WILLIAMS, for the past 18 years chief operator of the Western Union Telegraph Co. in Pittsburg. and well-known to the fraternity throughout the country, died ou the 15th. Mr. Williams had been connected with the Western Union for more than 30 years. A LARGE portion of the session of the senate on the 15th was occupied in a discussion behind closed doors of a joint resolution introduced by Mr. Morgan providing for the abrogation of the Clayton-Bulwer treaty with England. When the secret sussion er del the conference report on the leg.slative. executive and judicial appropriation bill was agreed to and 2. private pension bills and a number of miscellaneous bills were passed The house disposed of a large amount of business The most important measure passed was the sundry civil appropriation bill, carrying a. total of about $50,000.00 Among the other bills passed were the following: To supply the national guards of the various states with modern Springfield rifles; lending tents to the city of 1 Buífalo, N. Y., for use of Grand Army encampment next summer; furnishing a vessel to carry supplies to the famine-stricken people of India.

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ISSUES OF FACT AND LAW

Jacob J. Hively VS. Burton Wood. Appeal in assumpsit. Gately. D novan & Co., appellants. a corporation Vs Geo. Hatterman, appeliee. Appeal. Elmer Weaver VS Clinton Sawvel. Appeal in tre pass. Geo N. Seifert VS Jacob Seifert, Jr Assumpsit. Hiram Knickerbocker, administrator vs Geo. Winget. Trespass on the case. Clinton Sawvel VS Elmer Weaver. Appeal. Alfert Willert vs. Chas. Naldrett. Trespass on the case. Thos. H. Patterson and Elsie Patterson VS Janette Sullivan and Dennis Sullivan, executrix and executor of the estate of Dan'l R. Sullivan. Replevin. Hiram Harrington vs Chas. Greeley and Amos D. Greeley. Assumpsit. Julia Washburn VS Ellsworth E dredge. Assumpsit. Minnie Ferris VS Riverside Milling Co. et al. Replevin Carson City Savings Bank VS Wm. A Leet and Chas. A. Sweetman. As sumpsit. Lemuel Saviers VS Rescelous D. Ells. worth. Appeal in trespassion the case. Julia A. Washburn VS Amanda A Eldredge. Trespass. Phileman H. Post vsJacob A Vorhees Assumpsit. John Martin, appellee VS Patrick Duna. appellant. Appeal. First National Bank, Ithaca, by Geo. Reed. receiver vs Geo. L. Jessup, Cha. H. Jessup and Jno. H. Jessup. Assumpsit. Kelly S. Searl and Julius B. Kirby, co-partners vs Thos. Holton. Attachment. Adams & Ford, a corporation vsJohn J. ffory. Attachment. Frank Eaves VS Nathaniel White Appeal assumpsit. Ira Bovee VS. Ann Arbor R. R. Cc. Trespass on the e se. Thos. Holland VS Toledo, Saginaw & Muskegon R. R. Co. Trespass on the case. John Hicks VS Ithaca Milling Co Assumpsit. assessment of damages. Orr H. Russell vs. Chas. E. Chitten den et al. Appeal. Cyril B. Wightman, appellant Vs Bert Woodward. appellee. Assumpsit Wm A. Leet vs Lemuel Saviers Trespass on the case for damages. Martin Wolf vs Thos. Holton. As. sumpsit for use and occupation. Stephen E. Parrish vs. Alice MeDaid. Assumpsit. Janette Hackett, by next friend. apbellee vs Clinton J. Nelson, appellant. Appeal. Sarah A. Hall vs. Village of Alma. Damages. Geo. E. Bliss VS Will Polhemus and Herbert Jenne. Replevin. CHANCERY. Rufus M. Cone vs. John Metcalf d. Bill of complaint. Henry Bradley V.S Ellen Bradley. Divorce. Frack Eaves et al VS Frank W. Hast ugs et al. Accounting. Lewis an VS Purletta Koan. Bill if complaint. Fremont H Cook V.S Geo. Coe an los. A. Coe., Bill of foreclosure. Juo. Martin VS Catherine Martin

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TREASURER INVOLVED

Michigan Official Under Arrest on a Serious Charge. Chicago, Oct. 21.-A special to the Chronicle from Detroit, Mich., says: Judge Swan of the United States court, upon affidavits submitted by George Reed, receiver of the insolvent First National bank of Ithaca, issued a capias for the arrest of State Treasurer George A. Steele and before it was served Judge Swan fixed the state treasurer's bail at $2,500. The proceedings are one of the results of the failure of the treasurer's father, Robert M. Steele of St. Johns, last year, for more than $1,000,000. The day after the failure the bank closed its doors. The state treasurer was a director of the bank. It is charged that George A. Steele induced the bank to exchange a note for $5,000 which was classed as good paper for one bearing the name of a corporation in which Steele was interested. The latter note, it is charged, proved to be of little value which fact, it is claimed, Steele must have known when it was negotiated.

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CAPIAS FOR MICHIGAN'S TREASURER -He is Charged With Negotiating Paper of Little Value. CHICAGO, October 21.-A special to the Chronicle from Detroit says: Judge Swan of the United States court. upon affidavits submitted by George F. Reed, receiver of the insolvent First National Bank of Ithaca. issued a capias for the arrest of State Treasurer George F. Steel, and before it was served Judge Swan fixed the state treasurer's bond at $2,500. The proceeding is one of the results of the failure of the treasurer's father, Robert M. Steel of St. Johns, for more than a million dollars. The day after the failure the bank closed its doors. The state treasurer was a director in the bank. It was charged that George A Steel reduced the bank to exchange a note for $5,000 which was classed as good paper for one bearing the name of a corporation in which Steel was interested. The latter note, it is charged, proved to be of little value, which fact. it is claimed. Steel must have known when it was negotiated.

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AFTER GEO. A. STEEL.

JUDGE SWAN, OF THE UNITED STATES COURT

Issued a Writ of Capias in Connection With the Failed Ithaca Bank. Last Friday's papers announced that a capias was issued by Judge Swan, in Detroit, yesterday, for the arrest of State Treasurer George A. Steel, at the soliciation of Receiver George Reed and others connected with the failed First National Bank, of Ithaca.

Bail was fixed at $2,500, Spaulding, Norton & Dooling, of St. Johns, are at- torneys for Receiver Reed. The com- plaint grows out of a note made by D. S. French for the accommodation of R. M. Steel, the latter receiving the pro- ceeds, paying the interest, and agreeing to save Mr. French from liability, for ojer $5 000, which the Ithaca Bank held. At this time R. M. Steel was president of the bank, George A. Steel, one of the directors and Foster Chafey, a nephew of of R. M. Steel, cashier. The complainants charge that George A. Steel induced the bank to take a note of the St. Johns Manufacturing Company, in favor of the Ithaca Saw Mil Company, and indorsed by the lat- ter company without recourse, to take the place of the French note. The Steels controlled both companies. French's note was good, but the receiver seems to think the other is not, and that George's connection with his father's business and the other concerns en- abled him to have the transfer made. George denies that he induced the bank to make the substitution, claiming that the directors passed upon it the same as other paper. Clinton Republican.