Article Text
Bank Close 1 SCRANTON, PA, May 31.-The Second National Bank closed its doors to day. The following notice is posted: "Circumstances compel us to suspend business for the present."
Second National Bank (Scranton, PA)
Episode Information
- Episode UID
4900941- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
490national - Charter Number
- 49
- Start Date
- May 31, 1878
- Location
- Scranton, Pennsylvania (41.409, -75.662)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
39d35d72468a604c
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1879-03-15
- Date receivership terminated
- 1886-04-24
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 56.3%
- Share of assets assessed as doubtful
- 21.5%
- Share of assets assessed as worthless
- 22.3%
Description
Suspension in May 1878 followed by receivership March 15, 1879; criminal charges later.
Events (4)
1.
August 5, 1863
Chartered
- Source
- historical_nic
2.
May 31, 1878
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Inability to meet $10,000 due on New York drafts; president W. W. Winton heavily invested in unprofitable real estate and coal lands; overdrawn personal account and shrinking surplus.
- Newspaper Excerpt
- The Second National Bank closed its doors to day. The following notice is posted: 'Circumstances compel us to suspend business for the present.'
- Source
- newspapers
3.
March 15, 1879
Receivership
- Source
- historical_nic
4.
March 15, 1879
Receivership
- Newspaper Excerpt
- Receiver Goodale took charge of the bank March 15 last (receiver's taking charge referenced in Dec 1879 articles).
- Source
- newspapers
Newspaper Articles (20)
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The Second National Bank of Scranton Closes Its Doors. SCRANTON, May 31. The suspension of the Second National Bank occurred here to-day and caused some exclu ement on the streets' although its solvency has for some time been suspected by the bankers and business men, who will not lose very heavily by its failure. Its liabilities are announced at $628,215, and its assets, although large, will not realize under the existing cirumstances any considerable portion of that sum. The president, W. W. Winton; owns the principal portion of the stock, and has for years been a heavy investor iu real estate and coal land, which at. present prove rather unprofitable. His personal account is overdrawn in the bank some $20,000, and the immediate cause of the suspension is said to be*his inability to raise $10,000 due on New York drafts to-morrow. The capital stock of the bank is $200,000 and it owes depositors $168,000. Its surplus has shrunk to $700,000 from more than $100,000 a year ago. Its collapse will not in any way cripple the other banks of this city, whch are on a solid basis and enjoy the confidence of the business community. Its depositors are principally among the farmers of this vicinity.
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HERE AND THERE Bryant's Condition Improved-Madam Popperheim has Skipped-Incendiary Flames-The Entire Four-anda-Half Loan Placed. Philadelphia, PA., May 31.-Six vessels in all will be secured before the Russian agents leave. NEW YORK, ,May 31.-Mr. Bryant's condition is unchanged. His family have been sent. SQRANTON, Pa., May 31.-The Sec. ond National bank of Scranton has closed its doors. NEW YORK, May 31.-A rise in the stock market compelled J. E. Pepper & Co., 38 Broad street, and A. Blackboard to suspend. POTTSVILLE, PA., May 31.-The Eagle Colliery breaker is burned. It cost $95,000. The fire was undoubtedly the work of an Incendiary. The reflection of the fire was seen at Reading, forty miles distant. NEW YORK, May 31.-Madame Popperheim, prima donna, has disappear ed. It. is hinted that she has gone to Europe to escape her debts. Mr. Bryant recognized his neice, took nourishment and walked about at noon. NEW YORK, May 30.-The "Post" says the syndicate this morning took from the treasury the remaining five millions of the four and one-half per cent, which completes the fifty million bargained for on the 11th day of April.
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TELEGRAPHIC TICKS. William Cullen Bryant was better on Friday. The Second National bank at Scranton, Pa., has suspended. The First National_Bank of Dallas, Texas, has suspended. Tennessee members have decided not to answer Keye's letter. The bank of Fremont, Ohio, has closed its doors. It pays all liabilities. The threatened conflict between the Turks and insurgents in Crete is iminent. George Alfred Townsend's interview with President Hayes at Gettysburg is now reported a bogus affair. Henry A. Webster was, on Friday, nominated to be collector of customs for the district of Puget Sound, Washington Territory. A dispatch from Rome says the Pope is ill in body and distressed in mind, by plots and cabals designed to prevent the reforms he proposes. The newly elected board of directers of the Pacific Mail steamship company are Capt. Babcock president and Capt. John Riley vice president. The Rhode Island House has concurred in the Senate resolutions deprecating the Potter investigation, and his efforts to unsettle the Presidential title, by a vote of 42 to 10.
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Bank Suspensions, SCRANTON, PA., May 31.-The Second National Bank closed its doors to-day. The following notice 18 posted: "Circumstances compell us to suspend business for the present. NEW ORLEANS, May 30.-A Galveston News special says: The First National Bank of Dallas suspended payment. The suspension 18 owing to the withdrawal of $20,000 deposits since Monday and the inability to realize at present upon the assets. The liabilities were not ascertained; due to depositors, $22,000; nominal assets, $116,000; capital anthorized, $500,000; paid up, $75,000.
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Bauk Failures. CLEVELAND, May 31.-The Bank of Fremont, at Fremont, Ohio, owned by F. S. White and Wm. E. Haynes, closes the bank department of its business to day, paying all liabilities. The bank has done a successful business for nearly twenty-five years. SCRANTON, PA, May 31.-The Second National Bank closed its doors to-day. The following notice is posted: "Circumstances compel us to suspend business for the present."
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TELECRAPHIC. EASTERN DISPATCHES The Rus ans to Purchase More Vessels. HILADELPHIA, May 31. Captain Grippenberg, of the Russian navy, under whose supervision alterations to the recently purchased steamships are being made, is again here. It. is said that Russian agents will buy six vessels before leaving the country. A National Bank Suspends. SCRANTON (Pa.), May 31. The following notice was posted on the door of the Second National Bank this morning: "Circumstances compel us to suspend business for the present." William Cullen Bryant's Condition. NEW YORK, May 31. The condition of William Cullen Bryant is now looked upon as encouraging. He is able to walk about the room. Subpenaed to Appear.
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NATIONAL BANK SUSPENSION. SCRANTON, Pa, May 31, 1878. The Second National Bank of Scranton closed its doors this morning with the following natice posted on them:-Circumstances compel us to suspend business for the present."
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TWO NATIONAL BANKS CLOSED. GALVESTON, Tex., June 1.-A special dispatch to The News says the First National Bank of Dallas has suspended payment. The suspension is owing to the withdrawal of $20,000 deposits since Monday, and inability to realize at present upon its assets. The liabilities cannot be ascertained to-night. There is due to depositors, $22,000. The nominal assets are $110,000. Capital stock authorized, $500,000, of which $75,000 is paid up. SCRANTON, Penn., June 1.-The Second National Bank of Scranton closed its doors this morning, with the following notice posted on them: ' Circumstances compel us to suspend business for the present."
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Two MORE.-The Second National Bank of Scranton closed up on the 31st ult., and tacked the following card on the door: "Circumstances compel us to suspend for the present." That's laconio. The First National Bank of Dallas, Texas, suspended the same day. The liabilities cannot be ascertained at present. There is due to depositors $22,000. The nominal assets are $110,000; capital stock authorized, $500,000; paid up, $75,000.
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BANKERS ARRESTED. [BY TELEGRAPH TO THE HERALD.] SCRANTON, Pa., Dec. 15, 1879. This community was startled to-day by the arrest of W. W. Winton, his son, A. H. Winton; his son-inlaw, Thomas Livy, and his brother-in-law, Isaac Dean, charged with maliciously conspiring to defraud the Second National Bank and the Miners and Citizens' Savings Bank, of this city, both of which institutions are in liquidation. A few years ago the Second National Bank was regarded as one of the soundest institutions in the city; but prior to its collapse last spring the fact that it was a family institution, controlled exclusively by the Wintous, led many to look upon it with caution, especially as its managers had bought large tracts of "coal lands," many acres of which turned out unproductive. W. W. Winton was president; his son, Byron Winton, was vice president; A. H. Winton was attorney for the bank, and Livy and Dean were directors. When the bank closed Comptroller of the Currency Knox sent George S. Goodale here as receiver, to look after the interests of the unpaid depositors, who were wild with rage, as they had confided very much in President Winton, who was regarded as a strictly honest man and sagacious financier. Receiver Goodale took charge of the bank March 15 last, and upon his information the present criminal prosecution is instituted. In his aflidavit he sets forth that Winton is directly indebted to the bank in a sum named, and in other large amounts indirectly; that Dean. besides being a debtor to the bank, is also the owner of 400 shares of its capital stock, and therefore liable to its creditors; that the entire family did conspire to cheat the, bank by combining among themselves to have W. W. Winton execute judgment notes for $80,000 to Thomas Livy in trust for Mrs. C. Winton, wife of the maker of the said notes; also that Isaac Dean contessed judgment to Livy for $45,000 in trust for Mrs. Winton, the alleged object being to prevent the Second National Bank from receiving the money due it from Winton and Dean. In pursuance of these judgments the lands of Winton and Dean have been advertised for sale, the present form of prosecution having been unexpected. Simultaneous with this warrant on Receiver Goodale's complaint another was issued at the instance of William D. Kennedy and Frank B. Silkman, for the arrest of the Wintons, Livy and Dean, on a charge of conspiracy in a sim-
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A FAMILY CHARGED WITH BANK FRAUDS. SCRANTON, Penn., Dec. 15.-W. W. Winton, president of the Second National Bank, his son, A. H. Winton, his son-in-law, Thomas Livey, and his brotherin-law. Isaac Dean. were arrested here to-day, at the instance of George S. Goodale, the receiver, charged with maliciously conspiring to defraud the bank of $135,000. They gave bail in the sum of $80,000.
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Conspiring to Defraud. Seranton, Pa., Dec. 15.-W. W. Winton, president of the second national bank, his son, A. H. Winton, his sonin-law, Thomas Livey, and his brotherin-law, Isaac Dean, were arrested here to-day, charged with maliciously conspiring to defraud the bank of $135,000, on oath of George S. Goodale, receiver. They gave bail in the sum of $80,000.
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Bank Officers Arrested. SCRANTON, Pa., December 15.-W. W. Winton, President of the Second National Bank, his son, A. A. Winton; his son-in-law, Thomas Levery, and his brother-in-law, Isaac Dean, were arrested here to-day, charged with maliciously conspiring to defraud the bank of $135,000, on the oath of Geo. S. Goodale, receiver. They gave bail in the sum of $80,000.
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CRIMINA AL. CINCINNATI, Dec. 15.-Col. W. R. Cook, a noted counterfeiter. was killed this morning at his house near Nicholas ville, Ky. He had escaped from a num ber of United States deputy marshals, who undertook to capture him last Friday, and five marshals surrounded the house this morning and demanded his surrender. It is said he opened the door with a pistol in his hand, when he was immediately shot through the heart. CINCINNATI, Dec. 15,-The Gazette's Fort Wayne special says advices from Spencerville, DeKall county, Indiana, states that Friday night Mrs. Sol Barney was awakened by the presence of two burglars in her room. She opened fire on them and they returned it until thirteen shots had been exchanged. then fled leaving traces of blood after them. One ball passed through Mrs. Barney's night dress. NEW YORK, Dec, 15.-Joseph 1 and Mary Volkmer, who have been on trial-the past week for attempting to poison Charles E. Blair, a merchant of Catham, Four Corners, were convicted this afternoon of administering poison to him with intent to kill. Joseph was sentenced to the State's prison for twelve years and Mary to the penitentiary for the same period. SCRANTON, Pa., Dec. 15,-W. W. Wipton. President of the Second National bank, his son, A. H. Winton, his son inlaw, Thos, Livay, and his brother-in-law, Isaac Doan, were arrested here to-day, charged with malicious conspiring to defraud the bank of $135,000, ou the oath of Geo. S. Goodale, Receiver. They gave bail in the sum of $80,000
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The News Condensed. Fayette county is out of debt and has $12,000 in the treasury. Hanlan is to take regular land exercise and practice on his rowing machine. A Pittsburg man has invented a cakemaking machine that punches out twelve thousand cakes an hour. Pardee Hall fair at Easton realized $2.250, which will be used in refurnishing the interior of the new building. The death is announced at Vallejo, California, of "Commander Chester Hatfield of the United States navy. Mr. Calvin Detrick of Pittston, has taken out letters patent for it preparation of artificial fuel, composed of coal culm. Efforts are being made in Richmond to defeat General Mahone, the debt re-adjusters' candidate for United States Senator to succeed Mr. Withers. John B. Haskin has offered the city of New York one million of dollars for the privilege of erecting an elevated railroad on BroadwayReports to the National Board of Ag. ricultureindicate that the corn crop will be larger than any previous year by over 150,000,000 bushels. The Republican National Committee Chairmanship contest remains unsettled, though the impression is quite general at Washington that Don Camerou has the inside track. Agent Adams reports to Secretary Schurz that his work with the Utes is completed. Commissioner Hatch feels assured that all the hostiles called for will be surrendered. The memorial block-house ordered by the Legislature to be erected to the memory of the revolutionary hero, Anthony Wayne, at Erie, is steadily approaching completion. General Grant was welcomed to Harrisburg in a speech by Mayor Patterson and at the Executive Mansion by Governor Hoyt; there was a procession and a reception for ladies and gentlemen lasting seveal hours. The Gibson Inter-Oceanic Canal bill, introduced in the National House of Representatives last week, was submitted to General Grant and received his approval; a second bill, to incorporate the canal company. is to be shown him this week. The democratic governor and council of Maine have succeeded in their conspiracy to steal the state from the republicans and defeat the will of the people as expressed at the ballot box last fall. W. W. Winton, president of the Second National Bank of Scranton: his son, A. H. Wintan: his son-in-law, Thomas Livey, and his brother-in-law, Isane Dean, have been arrested, charged with maliciously conspiring to defraud the bank of $135,000, on the oath of the receiver. Among the articles exhibited at a fair in Lincoln, Nebraska, is au autograph letter from Abraham Lincoln, dated April 16th, 1859, in which he says "As to the matter you. kindly mention, I must in candor say I do not think myself fit for the presidency. I certainly am flattered and gratified that some partial friends think of meit that connection, but I really think it best that no concentrated effort such as you suggest be made. Let this be considered confidential."
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A FAMILY CHARGED WITH BANK FRAUDS.-A telegram from Scranton, Pa., Dec. 15, says: "W. W. Winton, president of the Second National Bank, his son, A. H. Winton, his son-in-law, Thomas Livey, and his brother-in-law, Isaac Dean, were arrested here to-day, at the instance of George S. Goodale, the receiver, charged with maliciously conspiring to defraud the bank of $135,000. They gave ball in the sum of $80,000." FINES FOR LOTTERY DEALERS.-In the criminal branch of the U. S. circuit court yesterday, Judge Benedict presiding. Samuel W. Webb alias Wilson, Wm. D. Knapp and Jos. Emmerson, who entered pleas of notte contendere to the indictments against them for sending lottery circulars through the mails, were each fined $400 and costs. The full extent of the penalty under the act is $500. The costs amount to $33.72. John Dayton and Ceriaco Viadero alias Martinez & Co., also indicted for sending lottery circulars through the mails, entered pleas of notte contendere. Sentence was deferred.-[N. Y. Tribune, 16th.
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For Trying to Defraud. W. W. Winton, President of the Second National Bank, of Scranton, Pa., his son, son-in-law, and brotherin-law, have all been arrested upon the charge of maliciously conspiring to defraud the bank of $135,00) on the oath of Goodale, receiver. They gave bail in the sum of $80,000.
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NEWS SUMMARY. Eastern and M ddle States. The official count of the vote in New Yorl AS found by the board of State canvasser gives the following result for governor: Co nell, 418,567; Robinson, 375,790; Kelly, 77, 566; Lewis (Greenback), 20,286; Mears (Pro hibition), 4,437; scattering, 4,889. For lieu tenant-governor Hoskins hasa plurality a 29J over Potter. The only Democrat electe outhe State ticket is Seymour, State enginee and 12,441. surveyor, whose plurality over Soule Standing Bear, a chief of the Ponca Indians and Bright Eyes, a well-educated Indian girl appeared before a large audience in Ne York the other night and made a plea for thei people, depicting the sufferings of the 71 Ponca Indians in being forcibly driven las winter from their reservation in Dakota t the Indian Territory. Three niners-Frederick Hoy, John Eckle and William Johnson-were crushed to deat by falling coal in a mine near Tremont, Pa. Courtney, the American oarsman, says h will not row Hanlan this winter, as he is i no condition, but proposes to row the Canadia champion a race next June. O. P. Stinson, engineer, Edward Markhan fireman, and D. F. Lyman, a bridge tender were killed by the wrecking of a train a Larrabee's Point, Vt. W. W. Winton, president of the Scranto (Pa.) Second National bank, his son, A. H Winton, his son-in-law, Thomas Livey, an his brother-in-law, Isaac Dean, were arreste in Scranton at the instance of George S Goodale, the receiver, charged with mali ciously conspiring to defraud the bank of $135, 000. They gave bail in the sum of $80,0.0. The greatest of all receptions accorded t General Grant has been that received by hir in Philadelphia-the city from which he starte on his tour around the world. Upon his ai rival by train in the Quaker City he was for mally welcomed in a speech by Mayor Stokley to which he responded as follows: " To you Mr. Mayor, and good citizens of Philadelphia which has always been a home to me since first became a citizen of Philadelphia, I retur with great pleasure." The procession whic followed General Grant's arrival was twelve miles long, consisted of twenty divisions, an was made up of innumerable military an civic organizations, veterans of the war ( 1812, Governor Hartranf and staff, local club and representatives of the different trades an manufacturers. The entire procession occu pied six hours in passing a given point, an was composed of about filty thousand per sons. All over the city, and particularl along the route of the procession, the house were protusely decorated, some buildings be ing 80 covered by bunting that the brick an stone could not be distinguished. The hes of the line reached the State house at about one o'clock, and half an hour later the be rang a salute in honor of General Gran whose carriage was just then passing. Th old Independence hall was decorated and 1e tooned from the pavement to the roof, and i front was a large triumphal arch spannin Chestnut street, on which was the motte " Philadelphia's welcome to the patriot an soldier." There was another triumphal are at Ninth street, and along Chestnut stre flags, streamers, mottoes and evergreens me the eye in every direction. When Gener Grant
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# NEWS SUMMARY. # ARREST OF A NOTORIOUS CONFIDENCE OPERATOR. # More Indian Murders-Grand Naval Review-Loss of Life by a High Wind-A Star Route Indictment Quashed-Rough Work by "Roughs"-Other Items, &c. Frank Lee, a "confidence operator," known to the police of New York, Philadelphia, Baltimore, Brooklyn and Chicago, was arrested yesterday in the former city. It appears that he would go to the wharf on the arrival of a steamer, note merchandise in small parcels consigned to prive parties, visit the ladies of the house, and, representing himself to be a Custom House officer, ask for the duty, which he generally received. "He never asked over $15 or less than $5." General McKenzie has stationed four companies of cavalry and one of infantry near Stein's Peak, Arizona, to intercept the hostile Indians who are supposed to be trying to get into Mexico. The Governor of Arizona has requested the Governor of New Mexico to meet him at Deming, in order to arrange measures for the protection of both Territories. Two more whites are reported killed by Indians in Arizona and five in New Mexico. A grand naval review is to take place in Hampton Roads this week, at which the President, Secretaries of War and the Navy Admiral Porter and the heads of the various bureaus will attend. The events giving occasion to the review will be the graduation of the artillery school class, and the transfor of the command of North Atlantic squadron by Admiral Wyman to Admiral Cooper. Lemuel C. Crocker, lessee and superintendent of the New York Central Stock Yards, in Buffalo, proprietor of large fertilizing works in the same city, and interested in malting there and elsewhere, made a general assignment on Saturday. His liabilities are estimated at several hundred thousand dollars, while his assets are said to be very small. In the Criminal Court, at Washington, on Saturday, Judge Wylie granted the motion to quash the indictment against M. C. Kerdell, charged with complicity in the Star Route frauds. The motion was based on the fact that the accusei was described with the initials only of his first or "Christian" name, which, it was contended, should be given full. About a dozen roughs belonging to a gang of bridge builders, at work near Greenfield, Massachusetts, 'ranamuck' through that town, on Saturday night, assaulting citizens and breaking into stores, John Flynn, a railroad fireman, was fatally stabbed by one of them. Seven of the ruffians had been arrested up to one o'clock yesterday afternoon Senator McPherson, of New Jersey says he had no knowledge of the existence of the Peruvian Company until the investigation by the Comittee on Foreign Affairs, he has directed his attorney to procure the arrest of all parties concerned in libeling him in the matter. Advices from Franklin, Louisiana, report the water twenty inches below the highest point of this season. The sugar cane in that section, having been submerged for six weeks, is believed to be so badly damaged that it cannot even furnish seed for next season. John Baumgardner. 45 years of age, made a desperate attempt at suicide yesterday in Pottstown, Penna. He shot himself twice, cut his throat and stabbed himself in the abdomen. His physician says there is a possible chance of his recovery. The town of Monticello, Louisiana, was destroyed on Saturday by a cyclone, only three buildings on the outskirts being left. Ten persons were killed and many injured, fifteen or twenty severely. A terrific rain-storm, accompanied by hail, and lasting several hours, prevailed at Augutsa, Georgia, on Saturday night. The rainfall is estimated atfive inches. Damage to the crops is feared. Director Burchard on Saturday began an investigation in New Orleans of charges of dishonesty against M. V. Davis, Superintendent of the Mint in that city. Reporters were not admitted. A high wind in Chicago on Saturday night blew several freight cars from a siding to the main track at Eighty seventh street, and a train ran into them, killing one man and severely injuring two others. David Donald, an old man, died yesterday in Brooklyn, from a fracture of the skull inflicted by his drunken son, Robert, in a quarrel on Saturday night. Mr. George Scoville has written a letter to the Justices of the Supreme Court, announcing his withdrawal from the Guiteau case. The Virginia Legislature adjourned sine die on Saturday afternoon, the Senate having concurred in the House resolution for that purpose. Henry Wolf and his son were killed by a railroad train while crossing the track at Melrose Station, New York, on Saturday. The Guiteau case will come up to-day in Washington for argument on the bill of exceptions before the court in bane. Ralph Waldo Emerson, the famous essayist and philosopher, is reported seriously ill at his home in Concord, Massachusetts The house of Anna Hardin, in Atlanta, was struck by lightning on Saturday night. Mrs. Hardin was fatally injured, and her little child killed. Richard C. Badger, ex-United States District Attorney for North Carolina, died on Saturday in Raleigh at the age of 46 years. George S. Goodale, receiver of the Second National Bank of Scranton, died on Saturday in that city. S. B. Ludlow, in early life editor of