Eighth National Bank - New York, NY

1. December 14, 1871 Public Ledger Memphis, TN

Article from Public Ledger, December 14, 1871

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NEW YORK. New York, December 14.-The Eighth National Bank suspended yesterday noon. No exact statement of the liabilities are as yet given. A meeting of the directors was held yesterday evening to decide whether the bank would resume business OF not. The Union Square Bank is paying as usual, and is considered safe. The counsel for Laurence Sullivan, convicted for the murder of John O'Brien, has petitioned Governor Hoffman IR appoint commissioners to examine into the mental condition of the culprit. The Governor has intimated that the prayer will be granted in a few days. No cotton failures have been reported since the 12th, and it is not probable there will be any more. The stock market is somewhat depressed, owing to the rumored weakness among the city banks. The Bank of the Commonwealth and the Tenth National Bank, which were reported embarrassed, are to-day paying as usual, and deny the truth of the remors about their being in trouble. The amount realized by sale of the collection of paintings belonging to Mr. White was $91,035. The paintings comprised some of the finest subjects of old masters. The Police Board will meet late this afternoon to settle the question of the International parade. The committee which went to Albany to see the Governor on the subject, returned this morning, and are awaiting the Governor's answer by telegraph. As a majority of the Police Board are opposed to the parade the Governor will probably refuse the petition of the committee,

2. December 14, 1871 The New York Herald New York, NY

Article from The New York Herald, December 14, 1871

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BANK TROUBLES. - The failure of the-Orean. Bank has been followed by the suspension of two small concerns up town, the Eighth National and the Union Square National Banks. The latter, after standing a.run on it for two days, was hurriedly thrown into the hands of a receiver yesterday afternoon The trail of the "Ring" serpent is, traced more or less clearly in all instances.

3. December 15, 1871 The New York Herald New York, NY

Article from The New York Herald, December 15, 1871

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The Eighth National Bank. No further developments were made yesterday at this bank. The receiver (Mr. A. Man) is busily engaged upon an examination of its affairs. He has not yet been able to arrive at any satistactory esttmate of the liabilities of the bank, but says that, so far as he has gone, he finds no reason to doubt the assertion of the officers that the depositors will be paid in full. He believed that a large amount of the funds of the bank had been invested in real estate, but was not prepared to say whether or not the arbitrary sale or the property would cause serious loss. He knew nothing about the rumors of speculations by the President, and expressed his unwillingness to answer questions until he made himself more conversant with all the facts in the case.

4. December 16, 1871 Evening Star Washington, DC

Article from Evening Star, December 16, 1871

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NEW YORK, Dec. 16.-The statement of the receiver of the Eighth National Bank shows the assets to be $1,000,000 against $700, 000 liabilities,

5. December 16, 1871 The New York Herald New York, NY

Article from The New York Herald, December 16, 1871

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BROKEN BANKS. Improved Feeling in Wall Street Yesterday. Unfounded Rumors and Their Result. The Suspended Banks- The Ocean, Eighth Na tional and the Union Square- What They Say and What They Are Doing. Although a feeling of uneasiness was perceptible in Wall street circles yesterday morning the fact that the falsity of the malicious rumors, so ingentously circulated. regarding the instability of several institutions had become established materially diminished the leverish excitement that prevailed the day preceding. Inquiries at the Clearing House and elsewhere fully confirmed the opinion already expressed- that the condition of the banks generally was unusually sound. The bold, though unskillul, manner in which the reckless stockjobbers maneuvred was calculated to create some excitement among those unacquainted with the willy tricks of the sharp intriguers; but when the scheme failed and when it became well known that the institutions against which the groundless reports had been set afoot were sound very confident and satisfactory feeling supplied that of doubt and anxiety. The Bank of the Commonwealth weathered the gale with flying colors and came to anchor without the loss of passenger on the stable craft. In fact, that institution has rather fared well by the excitement, an. although slightly strained on Thursday by the storm through which It rode 80 bravely, the substantial support proffered to tt in the nour of apparent distress was sufficiently demonstrated to prove that it did not lack host of steady financial friends. The committee of the Clearing House finally established the soundness of the bank in question, and there the excitement ends. To be sure the street was a little feverish in the morning, but towards noon business had resumed its nominal condition. Hints were given here and there the effect that trouble might few in proved these entirely itnout truth. So far as could be in tained the banks are the sheets House Clearing several show, and the petty possibly contine tnemselves their own ness the mercantile community would deal great spared The in banking were certainly though why plans 01 be the by matter planation. Having signally falled, then, to create efforts panic, jobbers were low spirited yesterday. while prevailed and comfortable healthy tone at market large. of the subsided to mere drew their checks without exhibit ing symptoms of rapid respiration. Moreover, the large, and 1u this institufirmly aolished. WHA circles that the affairs of some of the national banks required an overhauling, and that precaution should DO against irregularities. Asit 1 impossible to prevent the circulation 111 -founded reports, no loopholes lett whereby ingenious speculators could find flaw cavila in fine, the feeling was a decided improvement and 18 likely to continue. The Ocean Bank-The Depositors' Conferonce. The depositora of this concern, of which Mr. Stevenson, an old paymaster of the Army of the Potomac is President, and Theodore R. Davies was counsel and now receiver, were more clamorous yesterday than ever. Bitter words were uttered AND THREATS MADE against the receiver, Mr. Davies, and the detec. Live, Mr Flynn, who seems to be doing his duty as faithfully as the receiver's orders will permit, but who is now anxions to sever his connection with the bank. For several hours yesterday Mr Davies was closeted with the committee of depositors, and Mr. Flynn refused all admission to the presence of the receiver. About three o'clock reporter of the HERAL lecured moment's who with the receiver, audience SECURITIES THAT deposited in the bank to cover his indebtedness con the bonds sisted and Railroad and of the Portage Uanal first nortgage onas, which he mates worth the These bonds. ports, secured by the wud. Avery William L. very Conant Co. and D. Randolph Martin. This was all the Information Mr. press late as three o'clock, following details were obtained CONFERENCE WITH THE RECEI At ten o'clock yesterday the committ appointed by the depositor of the Ocean Bank confer with receiver, Mr. relative securities and assets of the company. met at office of the bank. and were courteous received his who Mr. Davies, information possible to give upon so short notice. Before the sultation commenced, a question arose as whether SHOULD REPORTE BE Mr. the remain hat to in their doing no had he sonaily not think would their and crude imperfect. hastily report He tetails. and incomplete had late hour the previous night, both hold the private, business Mr. Wan books anything the of hauling the chairman of the said that Monday they would meet their then press would furnished with full and lything importance transpired in the would also meantime reporter saw one the committee after the meeting and this geutleman stated that the that the necessary at absolutely given session to should attsfactorily for publication bitshed the that the depositors will be paid in full, but that the probably suffer very heavily. From present the bank pearances continue business after getting through its present didiculty Mr. Starrs, one the committee to whom Mr. Davies referred one of the HERALD reporters after the conference had ended. expressed his belief that much bank condition of the the BEEN TO BETTER THAN THE PUBLIC HAD LED BELIEVI Some of the depositors late in the day circulated the report that Mr. Davies, the receiver, was a partner detecuve named Edsall, who late chief detectives, Captain John Young, but this statement is untrue. The Eighth National Bank. The doors of the above bank were open yesterday, and depositors met with courteous responses from the polite clerks. One of them stated that the delay in making statement of its assets and liabilities was caused by the fact that about the time the bank suspended. owing the confusion the pination was lost and they unable to open the safes until morning, when mechanic forced open. Later the receiver, Mr. Man, was seen, and pressed the belief that every depositor would rejustly due him. but for few days he would be unable to give statement to the press. The Union Square Bank-Official Statement of Its Affairs. The above bank seems to have secured the sympathy of all banks outside of the Clearing House, and even Mr. Hulburd, Comptroller of the Currency, bears testimony to its good management. Speaking of the causes that led to its suspension Mr. Bixby, Vice President, yesterday asserted that the action of the Shoe and Leather Bank was the cause. He said that when word was first received of the suspension of the Ocean Bank, and it was necessary for the Union Square Bank to provide itself with a Clearing House agent. $24,764 cash and collateral amount $53, 620 were de in the Shoe and Leatner Bank, whereupon the Presid Mr. Stout wrote out certificate to the effect that he was the agent or the Union Square Bank in

6. December 16, 1871 The New York Herald New York, NY

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The Eighth National Bank. The doors of the above bank were open yesterday, and depositors met with courteous responses from the polite clerks. One of them stated that the delay in making a statement of its assets and liabilities was caused by the fact that about the time the bank suspended, owing to the confusion, the combination was lost and they were unable to open the safes until yesterday morning, when a mechanic forced it open. Later in the day the receiver, Mr. C. Man, was seen, and he expressed the belief that every depositor would receive all justly due him, but for a few days he would be unable to give a statement to the press. The Union Square Bank-Official Statement of Its Affairs. The above bank seems to have secured the sympathy of all banks outside of the Clearing House, and even Mr. Hulburd, Comptroller of the Currency, bears testimony to its good management. Speaking of the causes that led to its suspension Mr. Bixby, Vice President, yesterday asserted that the action of the Shoe and Leather Bank was the cause. He said that when word was first received of the suspension of the Ocean Bank, and it was necessary for the Union Square Bank to provide itself with a Clearing House agent, $24,764 cash and collaterals to the amount of $53,620 were deposited in the Shoe and Leatner Bank, whereupon the President, Mr. Stout, wrote out a certificate to the effect that he was the agent or the Union Square Bank in the Clearing House, and sent it to Bloomfield, the printer. These certificates were then sent to the different banks on Tuesday morning. The officers or the Union Square Bank further agreed to send $30,000 in cash to the Shoe and Leather Bank before nine o'clock on Wednesday morning. This money was paid before the appointed time, and Mr. Bixby says that the contract was fulfilled in every way and that ne never had the least douot that the Shoe and Leather Bank would redeem for him, andt nat Its action astonished his directory and by the posting compelied their sus. pension. At a late hour last evening a reporter of this paper met President Cecil, Vice President Bikby, Mr. Nathan, Mr. Beekman and other directors of the bank, who reported that later investigations into the affairs of the bank showed a more gratifying exhibit than that published exclusively in the HERALD oi yesterday sentleman addointed

7. December 16, 1871 The New York Herald New York, NY

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The Shaking Among the Banks. It is a fact well worth notice, that the shaky condition of several of our national banks makes no perceptible impression upon the general current of business, the stock market or financial matters generally-no not even in connection with the very questionable conduct of the government national bank examiner. Some few years ago the suspension or insolvency of one or two banks would have produced a little financial earthquake; but now three, four or more may fail, and scarcely anybody except a few depositors and bank officials is affected. The mass of business men and the community know little about such collapses beyond the little excitement given by the publicity of them through the ever vigilant press. The flurry about the Ocean Bank, the Bank of the Commonwealth, the Eighth National Bank and the Union Square National Bank is but a ripple on the great ocean of banking and financial affairs in this commercial metropolis. The mass of the people who hold the notes of these institutions are secure, because the United States government is bound to redeem the notes and has in its possession bonds for their redemption. Whatever may be said of the national bank system-and we are well aware of the evils connected with it-all must acknowledge this safe and beneficial feature in its operation. The note holders cannot lose unless there should be a great and general crisis and the government be unable to perform its obligations. This is not likely to occur. True, in case of such a crisis, and the bonds held by the government as security for the circulation of the banks should fall below the value of the notes to be redeemed, the loss would have to be made up by the Treasury and the taxpayers would have to bear the burden. But that state of things can hardly be anticipated. To make the community perfectly secure, however, and in view of the great privileges given to the banks by the government, has not the time come when these institutions should be required to redeem their own notes in specie? Should they not be forced to resume specie payments? With the low and constantly declining premium in gold that time has probably arrived. This is a matter that should receive the early consideration of Congress. As to depositors and others doing business with the banks, they must look out for their own interests. They should see that the banks with which they do business are in a sound condition. It will be the duty of the government still to watch these institutions, and to keep a sharp eye on its examining offcials in order to be sure the banks keep up their reserve of legal tenders or speole and do not exceed the operations allowed by law. Should Congress provide for the return to specie payments it may be necessary to amend the National Bank act so as to have a firmer grip on the banks. They have been invested with a national character by the government, and the people look to it for ample security. The difficuities that are occurring with these institutions may lead to a thorough overhauling of them and to an amended or better system.

8. December 21, 1871 The Leavenworth Weekly Times Leavenworth, KS

Article from The Leavenworth Weekly Times, December 21, 1871

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Suspended. NEW YORK, Dec. 13.-The suspension of the Eighth National Bank is announced. The Parade- Another Ron Among the Claffins.

9. December 21, 1871 Iowa Voter Knoxville, IA

Article from Iowa Voter, December 21, 1871

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Alexis at the Revere House in Boston, on the night of the 9th, and was a fine affair, being attended by many distinguished people. The number of deaths by small-pox in Philadelphia during the week ending the 9th was 198, a decrease of 34 from the previous week. The police authorities in New York forbade the proposed procession in that city on the 10th, of Internationalists, and the procession did not come off. Six, out of a party of about one hundred who attempted to parade, were arrested in front of the Cooper Institute. The Bible war at Hunter's Point has ended in a compromise between the Catholic committee and the Commissioners. All expelled will be taken back ; Catholics will not oppose the reading of the Scriptures, and Catholic children will be allowed to remain in the class-rooms during the religious exercises. The Ocean National Bank, New York city, has failed. The condition of the bank on the 9th, as officially given by the Clearing House, exhibited a deficiency of $234,725, or over 58 per cent. The New Hampshire Democratic State Convention met at Concord on the 13th, and renominated James A. Weston as candidate for Governor. Henry Calory was nominated for Railroad Commissioner. The suspension of the Eighth National Bank of New York city was announced on the 13th.

10. December 22, 1871 Staunton Vindicator Staunton, VA

Article from Staunton Vindicator, December 22, 1871

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The Ocean and the 8th National Banks of New York have suspended. Callend !, the Bank examiner, has been arrested on the charge of taking a bribe of $75,000 to certify the solvency of the former, only a few weeks since.

11. December 30, 1871 The New York Herald New York, NY

Article from The New York Herald, December 30, 1871

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ANOTHER BROKEN BANK, Another Consequence of the Ocean Bank Failure-The Central Savings Bank Suspended. The Legislature of 1870 granted a charter to certain gentlemen for the establishment of a savings bank at Forty-second street and Sixth avenue, under the title of the Central Savings Bank. owing to some difficulties the bank did not go into operation until a year ago last June, when Charles Peck, formerly President of the Mechanics' and Traders' Bank, located in the Bowery, was chosen President, and other officers elected. They at once commenged business, and have had a fair measure of success, the name of Mr. reck giving confidence to the institution. The depositors were numerous, but the amounts were small, aggregating about fourteen thousand dollars. The Central kept oln deposit at the Sixth National a small amount, against which they drew as occasion demanded, the balance of the deposits being placed in the Ocean Bank until such time as the trustees saw a good opportunity to invest it in proper securities. When the Ocean Bank collapsed they had on deposit $12,000, and owed depositors about $14,000. Since then they have secured $3,000 accommodation from another bank, and commenced paying off depositors-a work that was continued until Thursday, when, running short of funds, they were compelled to suspend payment. Mr. Cnaries Blondell, the Secretary, from whom the above facts are gleaned, reports that the indebtedness of the institution to depositors 18 $12,000. To meet this they have office furniture valued at $5,000, three notes of hand aggregating $1,400, and the $12,000 locked up in the Ocean Bank. He is gune sanguine of the ability of the institution to pay dollar for dollar so soon as it realizes from the Ocean Bank; but it IS believed the officers will be compelled to take advantage or the sixty days' grace allowed by law. He reports the depositors not at all alarmed, and that they are satisfied that in time they will get all due them, without the intervention of a receiver, who would cause delay in winding up its affairs. The present officers of institution are Charles Peck, President; John H. Wilcox, Vice President: Charles Blondell, Secretary; Leonard Hazletine, Cullen Ward, Joel W. Mason, James R. Marvin. Thomas E. Tripler, Charles Peok, Joseph M. Stuart, John H. Wilcox, John E. Hazelton, Charles Biondeil, John Farrell, Z. M. Quimby and E. B. Kenney, Trustees. The secretary reports that within a week they have reduced the deposits by $3,000, leaving their present indebtedness to depositors $12,000. The friends of the institution express great sympathy with Mr. Peck, the President, who, It IS said, by careful management, buit up the Mechanics' and Traders' Bank to its present prosperous condition, when he was ousted by a combination, who had profited by his Irugal management, by a majority of one vote on the election for President. Mr. Peck then directed all his energies to make this new institution a success, and was working without salary, when the collapse of the Ocean Bank settled the fate of his infant bank, that promised to become a large institution. The Eighth National Bank-A Lively Meeting of Depositors. A meeting of depositors of the above defunct bank was held last evening at the Sinclair House in obedience to the call of a number of well known citizens. Five minutes before the hour at which the meeting was called a stockholder (as drunk as he could well be) called 1or the expulsion of all the reporters of the press. Dr. Humphries, one of the stockholders, was called to the chair, and by a unanimous vote the seven reporters present were requested to remain. The drunken stockholder then demanded that each reporter should prove his connection with his journal. The depositors then hooted him, and he was the only one present who voted aye. The Chairman onally secured order after one or the drunken depositors had been quieted, and a meeting that at its inception promised to end in a light resulted in the appointment of the following gentlemen (depositors) as a committee to confer with a similar committee to be appointed by the bank officers-the joint committee to examine the bank's condition and report:-Archibaid Johnston, J. H. Stevenson. Dr. B. C. Berry, George W. Elder, detective Central Police Office, and Augustus Douvalle, Jr. Mr. JOHNSTON, as chairman of the committee, announced that it would meet and organize at the Sinclair House, at eleven o'clock to-day. The meeting then adjourned, subject to the call of Mr. Johnston, chairman of the committee.

12. February 6, 1872 The New York Herald New York, NY

Article from The New York Herald, February 6, 1872

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# EIGHTH NATIONAL BANK. Meeting of the Depositors at the Sinclair House Last Evening. A meeting of the depositors of the Eighth National Bank was held last evening at the Sinclair House, corner of Broadway and Eighth street, Mr. Archibald Johnston in the chair. There was quite a large attendance of the sufferers from the late suspension, and a great deal of feeling was manifested among them. Some of the gentlemen were very anxious to commence criminal proceedings against the officers of the bank. The course of the President, Union Adams, was rather severely reflected upon, as it was declared by Mr. Stevenson, the secretary, that Mr. Adams, whose general high standing among the business portion of the community had drawn a great many depositors to the bank, had on the evening before the suspension drawn $9,000 from the bank, and on the morning of the suspension $6,000, in all $15,000, the full amount of his deposit. Mr. YOUNG said he was not willing to let things go so easy as the committee had reported. out he

13. February 8, 1872 The New York Herald New York, NY

Article from The New York Herald, February 8, 1872

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THE EIGHTH NATIONAL BANK. To THE EDITOR OF THE HERALD:I did not say at the meeting of depositors of the Eighth National Bank last evening, as stated by your reporter, that Mr. Union Adams drew $9,000 from the bank on the evening before its suspension; but I did say that his checks for over $6,000 were paid on the morning of the suspension, and that his anxiety was so great to get his own funds out of the concern that he overdrew botn his own account and that of his firm. By making this cor. rection you will oblige J. H. STEPHENSON. NEW York. Few. a 1872

14. February 22, 1872 The Avant Courier Bozeman, MT

Article from The Avant Courier, February 22, 1872

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FROM NEW YORK. NEW YORK. Feb. 16 Owing to the absence of jurors. Stokes' case has been adjourned to Monday. The text of Earl ran ille's letters on the Alabama question will reach this country by Monday or Tuesday next. when the reply will be transmitted. On Tuesday W. J. Pollock was arrested and held to bail in the sum of $20.000 for alf leged smuggling operations in linen at d jute goods. The indicted ringites are greatly interested in thé issue raised in the Stokes cace, as to the regularity of the Oyer and Terminer Grand Jury which indicted him. It Stokes secures the settir g aside of his indictment it will establish a precedent for those indicted by the General Sessions anti-ring jury. as the empanneling of both wäs alike on this account. It is said that John Graham, two g battling for Stokes, is really trying to save i weed. John Boyer a well known singer of this city, committed suicide yesterday. It is said that lie committed the act from his sensitiveness concerning matters which ad been heard about himselt. NEW ORK. Feb. 17. Henry Hefner. who recently shot his son and their attempted to kill himself. died from his injuries to-day. The lately exploded Bowling Green Savings Bank was adju ged bankrupt to-day by Judge C. P. Daiy. The Court of Common Pleas will be ready to try the indictiments against Mayor Hall on the 26th of February. to which time the case has been adjourned. NEW York, Feb. 19. Authority has been received from the Treasury Department for an investigation into the affairs of the exploded Eighth N tional Bank of this city. Special reports from Broome county say that very pure gold has been discovered by a party of workmen while sinking a coal shaft. The Judicial Committee which begins tomorrow the investigation of the charges against Judges ( ordoza. Barnard, Ingraham and McCann. Have agreed upon a specific and tolerably decisive programme as to how the investigation is to be conducted, It seems to have been the first desire to omit the name of Judge McCann from the list of accused in order to use him as evidence against to e others. The opposition of many of the Bar Association. however, because strong that this intention was abandoned, and Junge McCann is to be included among the accused, one of the charges against him being that when acting as Receiver in the Pennington bankruptcy ease he used $70,000 of the money in his charge iii putting buildings. The preliminary trial on the issue in the case of Stokes was continued to-day. Recorder Hackett was examined as to the empanneling of the jurors, Other witnesses were examined. but 110 important testimony elicited. Court adjourned. The examination into the quarantine abuses, to-day. by the Legislative Committee. brought out from Gen. W. White that he was I r sident of the Lighterage Company which paid Dr. ( arnochan $115,000 for license, and $15.000 as fees to another , ticial for the right to board vessels and do all towing and lighting. mail. 9.18 sun

15. February 29, 1872 Marshall County Republican Plymouth, IN

Article from Marshall County Republican, February 29, 1872

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Marshall County Republican PLYMOUTH, INDIANA. NEWS SUMMARY. cann The East. THREE young sons of Mr. Miller, of Sharon, Mass., were drowned in that town on Tuesday by breaking through the ice. Governmenthas commenced an action to recover $22.000 deficit in the accounts of A. M. Wood, late Internal Revenue Collector of Brooklyn Judge Bedford, of New York, has sentenced a garroter named McLaughlin to twenty years' hard labor in the State Prison Charles Gleason and Daniel Dougherty, the Grafton, Mass. bank robbers, have been sentenced respectively to fourteen and thirteen years' confinement in the State Prison Last Friday evening, at Puce River, in the township of Maidston. 15 miles from Windsor, Ontario, Wyett Stuart killed Samuel Hamilton by striking him on the shoulder with an axe, and cleaving him entirely through the body. He afterward smashed two ribs in with the axe. The murderer and his brother, Green Stuart, are in Sandwich jail, and will be tried in April for murder. ELIPHALET A. BULKLEY, President of the Etna Life Insurance Company, died at Hartford, Conn., on the 13th inst A shipcanal between Newark, N. J., and New York costing $12,000,000, is projected The City Sanitary Inspector of New York reports the death of five members of the Brown family occasioned by the occupation of rooms entirely closed atnight, ventilation boing entirely obstructed, the inhalation of poisonous sewer gas, from the use of defective earthenware pipe, and want of proper nourishment. JUDGE WOODROFF, of the United States Court at New York, has sustained the decision of the United States Court in Connecticut, adjudicating the Boston, Hartford and Erie railroad bankrupt. On the night of the 15th, locomotive boiler exploded at the Susquehanna depot, on the Erie road, instantly killing Pafrick McCoy, and severely scalding or injuring six other persons. A fire at Toronto, Ont., on Thursday night, burned nine out of eleven wholesale stores in the Iron Block." one of the finest in the city. Loss estimated at $500.000 insured for $350,000 The dry goods house of Byers & Burnett, at Middlesex, Pa.. was entirely destroyed by fire on Thursday night. W. A. enderson, clerk, barely escaped with his life, he being very badly burned. BUCKHOUT, the murderer, was executed at White Plains, N. Y., on Friday. He betrayed no fear of death, and said he was content to die A woollen mill at Peterboro, N. H., caught fire by spontaneous combustion on Thursday, and was wholly destroyed. An operative named Mrs. Ellen Upton was burned to death. The mill and stock were insured for $20,000 In New York on Tuesday W. Pollock was arrested and held to bail in the sum of $20,000 for alleged smuggling operations in linen and jute goods Richard O'Gorman has been re-elected President of the New York Board of Commissioners of Immigration A collision occurred on the Connellsville railroad, at Layton's Station, Pa., on Thursday, by which two freight trains were telescoped, J. Nurtenny, the engineer, was fatally injured, and four car-loads of live stock were killed. CAPT. LEONARD HENNING, of Elizabeth, N. J., was accidentally shot, on Friday, by his son, 11 years old, probably fatally The challenge of the Atlanta for a four-oared shell race on the Thames is accepted by be the London Rowing Club. Six men will taken to England by the New Yorkers Henry Hepner, of New York, who recently shot his son and then attempted to kill himA. self, died of his injuries on Saturday B. Bartholomew killed Charles F. Storer, of Chelsea, Mass., on Sunday, by stabbing him twice in the breast with a largeknife. Jealonsy was the cause. AUTHORITY has been received from the Treasury Department for an investigation into the affairs of the exploded Eighth NaPittstional bank of New York In the burgh breach of promise case, Mrs. Vankirk or Johnson, the jury has given a verdict for $2,500. Both parties appear to be sat sfied The receiver of the Lorillard Fire Insurance company of New York, has declared a first dividend of 60 cents on the dollar, payable on demand The Pennsylvania Democratic State Convention will be held at Reading on May 30. The West. THE residence and barn of Mr. Julius Hand, near Winona, Minn., were burned about 2 o'clock on Tuesday morning. Three young children lost their lives in the flames. The steamer Nashville sunk at Cincinnatti on Tuesday, injured by the ice She was heavily loaded with groceries and furniture, valued at $175,000. Ryan's marine elevator, at Milwaukee, Wis. was burned on Tuesday. Lose $20,000. Partially insured Thos. Cornell, who was to have been hung at Jefferson City, Mo., on the 15th, has been reprieved by Gov. Brown until April 15, to afford an opportunity to examine his mental condition, it having been asserted that he was insane. McDONALD CHEEK, recently found guilty of the murder of Harris, at Brookville, Ind., has been granted new trial on the ground Both of the incompetency of two jurors. houses of the Illinois Legislature have passed a bill providing for the appointment On of guardians for habitual drun kards Wednesday the lower house of the Wisconsin Legislature adopted memorial to Congress for the repeal of the Bankrupt law by a vote of 73 to 6. ONE span of the iron bridge over the Big Muddy, on the Illinois Central railroad, near Carbondale, gave way on Thursday, and four cars of a wrecking train fell through. Three men were injured, none fatally. The will of General H. W. Halleck has been probated in San Francisco. His wife is appointed the sole executrix and guardian to their son. The property is shared between them. except $5,000 to be paid to his mother, and the use of the homestead in Oneida county during her life. A young man named Good, while adjusting the belt on the ly-wheel of saw -mill at Willow Station, on the Indianapolis and St. Louis railroad on Thursday morning, was caught by the arm, and revolved about the wheela a rapid rate until he was literally torn to pieces. THE California Assembly (Republican) by a vote of 54 to 17, has passed a resolution asking Congress to permit the levying of a special mining tax on Chinese. The Senate (Democratic) has passed the same to engross-

16. March 1, 1872 The Jasper Weekly Courier Jasper, IN

Article from The Jasper Weekly Courier, March 1, 1872

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NEWS SUMMARY. The East. BUCKHOUT, the murderer, was executed White Plains, N. Y., on Friday. He betrayed no fear of death, and said he was content to die A woollen mill at Peterboro, N. H., caught fire by spontaneous combustion on Thursday, and was wholly destroyed. An operative named Mrs. Ellen Upton was burned to death. The mill and New stock were insured for $20,000 In York on Tuesday W. Pollock was arreated and held to bail in the sum of $20,000 for alleged smuggling operations in linen and jute goods Richard O'Gorman has been re-elected President of the New York Board colof Commissioners of Immigration A lision occurred on the Connellsville railroad, at Layton's Station, Pa., on Thursday, by which two freight trains were tolescoped, J. Nurtenny, the engineer, was fatally injured, and four car-loads of live stock were killed. CAPT. LEONARD HENNING, of Elizabeth, N. J., was accidentally shot. on Friday, by his son, 11 years old, probably fatally The challenge of the Atlanta for a four-oared shell race on the Thames is accepted by the London Rowing Club. Six men will be taken to England by the New Yorkers Henry Hepner, of New York, who recently shot his son and then attempted to kill himA. self, died of his injuries on Saturday B. Bartholomew killed Charles F. Storer, of Chelsea, Mass., on Sunday, by stabbing him twice in the breast with a largeknife. Jealonsy was the cause. AUTHORITY has been received from the Treasury Department for an investigation into the affairs of the exploded Eighth NaPittstional bank of New York In the burgh breach of promisecase, Mrs. Vankirk vs. Johnson, the jury has given averdict for $2,500. Both parties appear to be sat sfied The receiver of the Lorillard Fire Insurance company of New York, has declared a first dividend of 60 cents on the dollar, payable on demand The Pennsylvania Democratic State Convention will be hold at Reading on May 30. Ar Jersey City, the Grand Jury have found 110 indictments, most of which are against the ringites of that city and county for peculation of the public funds United States Attorney Davis has not yet taken any action upon the orders of the Attorney General to presecute the New York Custom House officials who are guilty of bribery, but states that at the next term of the courts he will take steps to have the culprits indicted. A PASSENGER car on the Delaware and Lackawanna road, near Binghampton, was thrown down an embankment 25 feet high on Tuesday morning, by reason of broken rail. Several passengers were seriously injured The Coroner's jury at Hempsted, Long Island, on Tuesday rendered a verdict charging Hannah M Fowler and Geo. Fowler, a younger brother of her husband, with causing the death of the latter by arsenic, large quantities of which it is said were found in the liver and kidneys of the deceased Foster, the car-hook murderer, of New York, has been sentenced to be hanged March 22 The oil manufactory of D. C. Beggs, in New York, was burned on Tuesday morning. Loss $6,000. On Friday morning, at Brownsville, Pa., a fire destroyed Wilgers's shoe and hat store, Devere and Co.'s clothing store and building, Gummert's building, Duncan's furniture store, Story's saloon, and a barber shop. Loss $52,000; insurance $25,000. IN New York city on Wednesday an octogenarian named Margaret Watson, while indulging in her habit of smoking in bed, get the bed on fire, and was burned to death. The indicted Ringites of Jersey City, comprising three Police Commissioners, three Fire Commissioners, and the Chief of Police, were on Wednesday arrested and held to bail, some in $6,000, and some in $4,000 R. A. Street's cotton knitting mill and Coffin & Simpson's flour mill, at Kenwood, near Albany, N. Y., was burned on Thursday afternoon. Total loss about $5,000; partially insured A fire at Selin's Grove, Pa., Thursday night, destroyed twelve dwellings, five stores, a Baptist church, and twelve stables and barns. Loss $100,000. The West. THE California Assembly (Republican) by a vote of 54 to 17, has passed a resolution asking Congress to permit the levying of a special mining tax on Chinese. The Senate (Democratic) has passed the same to engrossa ment The shooting of James Trimble few days since, by the guard of the Adams Express Company, was the termination of a series of robberies of their cars of thousands of dollars' worth of jewelry. Through his confession the greater portion of the goods have been recovered Two freight trains on the Toledo, Wabashand Wastern railroad collided near Milmine Station on Friday. Tony Figaro, brakeman, had one arm broken, and John Patterson had a leg broken, and the engines and a number of cars were badly used up. On the same road a freight train run into a car loaded with iron which was standing upon a side track near Carthage. Engineer Steele, the fireman, and brakeman were badly injured The body of Henry A. Sweet, son of Alanson Sweet, an old resident of Milwaukee, was found frozen between Superior and Bayfield, a few days since, where he had gone to look after property The first of the riot murder cases Los Angeles has resulted in a verdict of not guilty, the District Attorney stating that he had only Chinese testimony to offer, which was not reliable. The defense introduced no witnesses. A grinder employed in the reaper works of F. H. Manny, at Rockford, III., OR Thursday, was caught in a belt from a shaft, revolving at the rate of seventy-five revolutions a minute, and almost instantly killed. His head as crushed, and his bones badly broken. The deceased was a Swede,

17. March 23, 1872 The Weekly Panola Star Sardis, Batesville, Panola, MS

Article from The Weekly Panola Star, March 23, 1872

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BANK FAILURES IN NEW YORK.- The following banking institutions of the city of New York have failed during the winter: Market Savings Bank, Boling Green Savings Bank, Central Savings Bank; Stuyvesant Nationi Bank; Ocean Natonal Bank, Union Square National Bank and Eighth National Bank. A run has been in progress on the Third Av enue Savings Bank for more than a month, during which time upwards of $2,000,000 have been paid to its small depositors, at the rate of from 60 to 80 per day. At the commencement of the run the individual deposites in the institution amounted to about $5,000,000. It is supposed that it will finally break down.

18. April 24, 1872 The New York Herald New York, NY

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SUPERIOR COURT-SPECIAL TERM. Decisions. By Judge Monell. Cronin vs. Moss, Receiver of Eighth National Bank.-Order granted. Ritter vs. Phiilips.-Motion granted. Unger vs. Michinfelder.-Order granted. By Judge Curtis. Harmon vs. Harmon.-Motion granted. The Lippiatt Silver Plate and Engraving Company vs. Thomas Lippiatt.-Same.

19. December 2, 1872 New-York Tribune New York, NY

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curity, or as collateral security, for any loan of money, or for a consideration shall agreeAto withhold the same from use, or shall offer or receive the custod or promise of custody of such notes as security, or as collateral security or consideration, for any lloan of money." 5th of April last the Controller was advised that bank On the in the City of New-York, with a capital of $1,000,000, a and whose average exchanges at the Clearinghouse did not exceed $300,000, was that morning creditor at the Clearing-house for $4,770,000. A8 it was evident that this large credit was not the result of legitimate business, the examiner was directed to make an exam ination of the bank, which was immediately done, 114 connection with a member of the Clearing-house committee. From the examination, which was thoroughly and carefully conducted, it appeared that deposits had been made in that bank, by one individual, upon the morning of April 5 to the amount of $4,100,000, the whole of which was drawn out upon the same day, upon the checks of the depositor, in legal-tender notes. The president of the bank denied that the bank had any interest in these trans actions, and there was no evidence of any loan, or of ad. vances in any shape. upon these deposits. These traus actions were the subject, subsequently, of an investiga tion by the Bank Committee of the House of Represent tarives, and, although it was clear that the spirit of the law had been violated, no evidence could be obtained to warrant the commencement of a suit for the recovery of the penalty prescribed in the act referred to. The in vestigation undoubtedly had the effect to prevent the repetition of similar transactions; no offenses of this been kind, on the part of any national bank, having since brought to the attention of the Controller. The New-York Clearing house Association subse quently passed a resolution declaring "that the Clearinghouse Committee be and is hereby directed, whenever it appears, in its judgment, that legal-tender notes have been withdrawn from use through the agency of any bank, members of the association, to make an immediate examination of the bank in question, and should there appear to be complicity on the part of the bank or its officials, to suspend said bank from the Clearing house until action of the association shall be taken there on." The withdrawal of currency for illegitimate purposes has, however, since been accomplished without the assistance of the banks. The rigid enforcement of the resolution of the Clearing-house will prevent complicity on the part of banks in such transactions; and it the New-York Stock Board and the leading banking houses will unite with the Clearing-house, and refuse to transact business with unserupulous men. who do not hesitate to embarrass legitimate business for the parpose of increasing or diminishing the values of stocks or bonds in which they are temporarily interested, they can do more to prevent such operations team any Congress enactment. INSOLVENT BANKS. Twenty-one national banks, organized in 11 different States, with an aggregate capital of $1,236,100, have failed since the organization of the system in 1863 The total circulation of these banks was $2,942,793. of which $2,441,430 has been redeemed in full, leaving a belance still outstanding of $501,363, which will also be redeemed, upon presentation to the Treasurer of the United States, from the avails of United States bonds held as security for that purpose. Of these banks, five have been finally closed (two during the past year), baying paid dividends to their ereditors. Six national banks have fatted during the past year. New-York: Of these, the Union Square National Bank, the Fourth National Bank, Philadelphia, and the Waverley National Bank, New-York, have paid their creditors in full-a settlement, it is believed, without a precedent prior to the establishment of the national system. The Eighth National Bank, New-York, has paid dividend of 50 per cent; the Ocean National Bank, New-York, a dividend of 70 per cent; and the receiver of the Ocean National Bank, and of the First National Bank of Fort Smith, Ark., estimate that the creditors of both these banks will últimately receive a dividend of 100 cents on the dollar. The Venango National Bank of Franklin, Penn.: the Merchants' National Bank of Washington. D. C. the First National Bank of Selma, Ala., and the First National Bank of New-Orleans, were United States depositories. e-final dividend in favor of the creditors of the First National Bank of Vicksburg has been unexpectedly delayed by the recent presentation of a claim of the United States for money alleged to have been illegally deposited by the Collector of Internal Revenue of that district, in the year 1868. Since that time no lesses have occurred to the Government by deposits made in the national banks, although many millions of dollars have been continually on deposit with banks which are designated as depositories. The three a first-named banks, at the time of their failure, had large amount of Government funds on deposit. SURPLUS AND SPECIE-EXTENDING THE LIMIT OF SURPLUS. The law requires that every national bank shall carry one-tenth part of its profits to surplus-fund account before the declaration of a dividend, until the same shall amount to 20 per cent of its capital stock. This wise provision has been generally observed. and the returns show that the banks now have a surplus of more than $100,000,000, and considerably more than onefifth of their capital in surplus account. The act also limits the liabilities of any association, person, com pany, or corporation, for money borrowed, to one-tenth of the capital stock paid in. The Controller recommends that this limit be extended to one-tenth of the capital and surplu. which will have a tendency to 10. crease the surplus fund beyond the limit required by the law. The following table will exhibit the aggregate amount of specie held by the national banks at the dates mentioned, the coin, coin certificates, and checks payable coin held by the national banks of the City of New York being stated separately. The country banks have not heretofore separated coin in their reports: -Held NationalsBanks in New- City.-

20. December 3, 1872 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, December 3, 1872

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Of these banks, the Union Square National Bank, New York; the Fourth National Bank, Philadelphia, and the Waverly National Bank, New York, have paid their creditors in full, a settlement, it is believed, without precedent prior to the establishment of the national system. The Eighth National Bank, New York, has paid a dividend of 50 per cent; the Ocean National Bank, New York, a dividend of 70 per cent; and the receivers of the Ocean National Bank, and of the First National Bank of Fort Smith, Arkansas, estimate that the creditors of both of these banks will ultimately receive a dividend of 100 cents on the dollar. The remaining ten National Banks which have failed are as follows:

21. April 30, 1873 The Daily Dispatch Richmond, VA

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I'd NO. 103. Dividends Declared. W ASHINGTON, April 29.-The Controller of the Currency has declared a dividend of 32 per cent. in tavor of the creditors of the Unadilla Bank, Unadilla, N. Y. : also a dividend of 25 per cent. in favor of the creditors of athe Scandinavian National Bank, of Clricago, payable as soon as the schedule of creditors can be prepared and examined. The Controller has also directed the receiver of the Eighth National Bank, of New York, to make requisition of 54 per cent. upon the shareholders of that bank to supply the deficiency required for the full payment of the creditors. A small requisition is also to be made upon the shareholders of the Farmers and Citizens Bank, of Brooklyn, for the same purpose.

22. November 17, 1874 New-York Tribune New York, NY

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A State law requires that eight days notice shall be given before application to a court to appoint a receiver of a broken bank. A decision by Judge Blatchford yesterday in the case of the Eighth National Bank seems to indicate that this does not apply to other than State institutions. And for that matter it seems to be a dead letter so far as they, too, are concerned.

23. November 18, 1874 The Rutland Daily Globe Rutland, VT

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of the session of 1861. LEX. A Bank Case. NEW YORK, Nov. 17. The case of Albon Man, receiver of the Eighth National band of the city of New York against Leander S. Rising, came up in the United States district court before Judge Blatchford, yesterday. The plaintiff, through his counsel, sets forth in his complaint that the bank in question having failed to pay one of its circulating notes, the holder caused it to be protested, and a notice of protest to be forwarded to the comptroller of the currency. The comptroller then appointed the plaintiff receiver of the bank, and as such he took possession of the books, records and assets. Finding the property and assets to be insufficient to satisfy the liabilities of the bank, the comptroller of the currency made an assessment of fifty-four per cent. against the shareholders, one of whom is the defendant. Under the direction of the comptroller of the currency the plaintiff brought this suit. The question as to whether the

Eighth National Bank (New York, NY)

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Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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