H. D. Cooke & Company (Washington, DC)

Episode Information

Episode UID
6006045291018
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
600604529 hash
Start Date
October 23, 1884
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
85725047c075694f

Response Measures

None

Description

Firm suspended Oct 23 and made an assignment Oct 24 with attachments following, indicating permanent closure.

Events (3)

1. October 23, 1884 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Losses from outside speculations and heavy investments (Florida Canal Co., Washington & Ohio RR) drained resources; liabilities reported ~$150โ€“170,000.
Newspaper Excerpt
Owing to our inability to meet pressing demands we deem it better for all concerned to suspend temporarily.
Source
newspapers
2. October 24, 1884 Other
Newspaper Excerpt
H. D. Cooke & Co. have to-day made an assignment to Horace F. Cummings of the law firm of Cummings & Baker.
Source
newspapers
3. October 25, 1884 Other
Newspaper Excerpt
The public grain and stock exchange of Chicago obtained an attachment to-day against the property in this state of H. D. Cooke & Co., bankers, of Washington, D. C.
Source
newspapers

Newspaper Articles (17)

Article from Lancaster Daily Intelligencer, October 23, 1884

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A Large Private Bank Suspends. WASHINGTON, Oct. 23.-The private banking house of H. D. Cooke & Co, suspended this morning. The total indebtness, official, is $170,000, of which $30,000 is fully secured. The firm's insocured liabilities amount to $140,000.


Article from Press and Daily Dakotaian, October 23, 1884

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Business Failures. Washington, D. C., Oct. 23-The private banking house of H. D. Coke & Co., displayed the following notice at its nominal opening hour this morning: Owing to our inability to meet pressing demands we deem it be tter for all concerned to suspend temporarily. Total liabilities one hundred and seventy thousand, thirty thousand of which are fully secured. It is believed that the firm will, in time, pay all creditors in full. Last January the firm's unsecured liabilities amounted to four hundred thousand, all of which have been paid but $15,000. The cause of the failure is said by Mr. Cooke to be dne to the general shrinkage in values and prevalent distrust throughout the country, and that the assets are more than ample to pay off every liability.


Article from Bismarck Weekly Tribune, October 24, 1884

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The Fire Fiend Destroys Over Half a Million of Property in Milwankee. Various Points in Minnesota are Visited with Snow Storms Yesterday. A Woman, Crazed with Rum, Causes Consternation in a Railroad Train. The Associated Press Report. Bank Suspension. WASHINGTON, Oct. 23 -The private banking house of H. D. Cooke & Co., of this city, displayed the following notice at the usual opening hour this forenoon: "Owing to our inability to ment pressing demands, we deem it best for all concerned to suspend temporarily." The firm consists of H. D. Cooke. Washington, and A. G. Campbell, Kansas and Utah. Maj. John W. Carson is the confidential clerk of the house. It is learned that the total indebtedness of the firm is $170,000, of which $30,000 is fully secured. The liabilities are nearly all due in Washington.


Article from St. Paul Daily Globe, October 24, 1884

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FINANCIAL MORNING REPORT. NEW YORK, Oct. 23.-11 a. m.-Stocks: Opened weak and declined 4014 per cent., the latter for Western Union Telegraph, and the whole list was lower in sympathy, but the decline was less important. Later on there was a sharp rally. At 11 weakness again prevailed. It is reported in Wall street that the failure of H. D. Cooke & Co., bankers, Washington, was due to outside speculation. They have been promoters of the Florida Canal company and the Washington & Ohio railroad, both of which have been heavy drawers on their resources. Their liabilities are $150,000, due to individuals in Washington, the assets being made up of securities of indefinite value. They have not done any stock business for some time. Grossback & Schley, their New York correspondents, closed their accounts some months ago. AFTERNOON REPORT. Money at 1@2 per cent. Bar silver, $1.09%. Stocks-Strong and higher during the past hour. The owners of about $1,000,000 of New York, West Shore & Buffalo bonds have ade dressed a letter to President John A. Stewart, of the Unlted States Trust company, who is trustee of the bonds, protesting against the action of the receivers in cutting passenger rates. The bondholders fear that a debt of receivers' certificates will be created that will destroy the value of the first mortgage bonds. They are in favor of removing the receivers. Stocks very irregular this afternoon. Vanderbilts rather weak. Union Pacific was strong. The last mentioned rose to 53% on revival of the reports that dividends would be resumed next year. The market closed generally firm.


Article from St. Paul Daily Globe, October 24, 1884

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FINANCIAL MORNING REPORT. NEW YORK, Oct. 23.-11 a. m.-Stocks: Opened weak and declined ยฅ014 per cent., the latter for Western Union Telegraph, and the whole list was lower in sympathy, but the decline was less important. Later on there was a sharp rally. At 11 weakness again prevailed. It is reported in Wall street that the failure of H. D. Cooke & Co., bankers, Washington, was due to outside speculation. They have been promoters of the Florida Canal company and the Washington & Ohio railroad, both of which have been heavy drawers on their resources. Their liabilities are $150,000, due to individuals in Washington, the assets being made up of securities of indefinite value. They have not done any stock business for some time. Grossback & Schley, their New York correspondents, closed their accounts some months ago. AFTERNOON REPORT. Money at 1@2 per cent. Bar silver, $1.09%. Stocks-Strong and higher during the past hour. The owners of about $1,000,000 of New York, West Shore & Buffalo bonds have addressed a letter to President John A. Stewart, of the Unlted States Trust company, who is trustee of the bonds, protesting against the action of the receivers in cutting passenger rates. The bondholders fear that a debt of receivers' certificates will be created that will destroy the value of the first mortgage bonds. They are in favor of removing the receivers. Stocks very irregular this afternoon. Vanderbilts rather weak. Union Pacific was strong. The last mentioned rose to 53% on revival of the reports that dividends would be resumed next year. The market closed generally firm.


Article from Evening Star, October 25, 1884

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THE H. D. COOKE & CO. SUSPENSION. An Attachment on the Chicago Prope erty of the Firm. NEW YORK, October 25.-The public grain and stock exchange of Chicago obtained an attachment to-day against the property in this state of H. D. Cooke & Co., bankers, of Washington, D. C., who have suspended payment. The exchange had the sum of $4,000 on deposit with H. D. Cooke & Co.


Article from The Dillon Tribune, October 25, 1884

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CURRENT NEWS NOTES. I (Botted Down from the Late Teleprams.) The notorious Tichborne claimant has been released from prison. The firm of H. D. Cooke & Co., Wash. ington, has failed for a large amount. On the 23d at Levington, Ky., Maud S. trotted a mile in 2:04 and repeated in 2:01 1/2. The libei suit of James G. Blame against the Indianapolis Sentinei is set for Decem. ber 23d. In the States composing this Yankee nation the betting on the Presidential election is heavy The President has appointed Stephen Wilson of Pennsylvania to be Associate Justice of the Supreme Court of New Mexico. The President has designated Lieutenant-General to act as Sheridan of Secretary of War during the absence Secretary Lincoln. The firm of Donnell, Lawson & Simp son, bankers, which failed during the recent panic in Wall street, New York, announce that they will resume immediately. The Czar. Prince of Wales and King of Greece are urging the Duke of Cumberland to make some arrangement with Emperor William in regard to, the Brunswick succession. The Secretary of State has designated Kasson, United States Minister to Ger many, as representative on the part of the United States at the Congo conference, to be held in Berlin. Three physicians examined Boone, Gov ernor Cleveland's assailant, at Albany on the sane, but under severe nervous laboring 22d inst. They declare be excitement, is and liable to do violent acts. A dispatch from Sydney, New South Wales, states that the British man-of-war Nelson had arrived in Orangrie bay, and proclaimed British protectorate over the southwest coast of New Guinca a R. Williams of David City, Neb., superintendent of it Sunday school and a strong supporter of the abstemious St. is wanted: also $27,000 he John, church which and borrowed from friends in the Sunday school. He is in Canada The Pope will create eight new cardinals at the secret consistory. The persons who will be honored are the Archbishops of Vienna, Seville and Palermo and Monsignors Mossai, Morosignor, Laurenzie, Mazotti and Verga. There are still seven vacancies remaining in the college of cardinals. Chinese troops continue to pour into Tonquin. Great uneasiness is felt in Paris on this account. The Cabinet is divided as to what measures should be adopted to reinforcements. Minister of provide penon, War, without declines General to mobil- Camize the Corps Armie authority from the Chamber. Many thousands of people attended Sullivan's runeral at was were very long. Dublin. Conspicuous The in procession it the of the and of Dublin, many clergy Mayor corporation, Irish the members Bishop and various public bodies. were the of Many Parliament shops closed in honor of distinguished dead. The funeral of Mr. Wormley, the famous hotel keeper, at Washington, was one of the remarkable respect ever to a colored man counmost paid tributes in of this An immense try. crowd of assembled friends and admirers of the dead man, in and the streets were so thronged the had the that the hotel, police difficulty in keeping way clear for carriages. A conference was held at New York on the 23d between Messrs. Sage, Gould, Adams and Smith. President of the Oregon Transcontinental Company, whereby the loan called from the Oregon Transcontinental last week has been taken up, and securities of the Oregon Railway and Navinto the igation passed hands Union of the Pacific Gould It is said that the have thus secured a party. people majority interest in the Oregon Railway and Navigation Company. A special from the center of Alabama says that on the night of the 21st inst., a mob hanged J. R. Dorsey, postmaster at a man aged 75. Jane it past years, the Alpine, Wade, Ga., prostitute, 60 and to same limb and by the same rope, for the Mrs. Davis and guest, three ago. Jones, murder near of Alpine, weeks her C.C. Mrs. Davis was Dorsey's niece. He assas-


Article from Fort Worth Daily Gazette, October 25, 1884

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THE BUSINESS WORLD. A Washington Banking House Makes an Assignment - Syracuse Jewelers Suspend. Commissioner Armstrong's Report Giving the Financial Status of the Land Grant Railways. A BANKING HOUSE ASSIGNS. WASHINGTON, Oct. 24.-H. D. Cooke & Co. have to-day made an assignment to Horace F. Cummings of the law firm of Cummings & Baker. Mr. Cooke says that this action is taken in order to protect the interests of all con cerned until the firm can arrange for resumption or payment.


Article from Daily Republican, October 27, 1884

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Business Troubles. John A. Shober, paper manufacturer of Lancaster, Penna., has madean assign. ment, in cor sequence of recent failures of New York and Philadelphia paper makers. His liabilities are not reported. H. D. Cooke & Co., the suspended Washingten bankers, made an assignment on Friday, 'in order to protect the interest of all concerned until the firm can arrange for the resumption of specie payments." Kopelowick, Brothers & Co., wholsale jewellers of Syracuse, New York, failed on Friday, for $75,000. Their stock is estimated to be worth $25,000, and they have $15,000 in outstanding accounts.


Article from Spirit of Jefferson, October 28, 1884

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H.D. Cooke & Co., private bankers of Washington, have suspended payment.


Article from The Iowa Plain Dealer, October 30, 1884

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WASHINGTON. An arrangement for the exchange of mail matter of domestic rates of postage has been concluded between the Mexican Minister at Washington and Postmaster General Hatton. Gen. Hazen, in his annual report on the operations of the Signal Service, states that during the past year no general storm has passed over the country without warning. H. D. Cooke & Co., private bankers of Washington. have suspended payment. The head of the house is a brother of Jay Cooke, and was formerly Governor of the District. The liabilities are said to be $1.0,000, mainly due to local creditors. The firm was interested in the Florida Canal Company and the Washington and Ohio Road. The Patent Examiners-in-Chief at Washington have made decisions in the telephone case of Bell, Edison, and others in favor of Bell, one decision involving the principal feature of the telephone.


Article from Delaware Gazette and State Journal, October 30, 1884

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4 PRIVATE BANK FAILURF. A Notice of Suspension on the Door of a Washington Bank Today. WASHINGTON, Oct. 23.-The private banking house of H. D. Cooke & Co. in this city displayed the following notice at the usual opening hour this morning : "Owing to our inability to meet pressing demands, we deem it better for the interests of all concerned to suspend temporarily." The firm consists of H. D. Cooke of Washington City and W. G. Campbell of Kansas and Utah. The latter is not in the city, and Mr. Cooke has remained at his residence this morning. From Major John W. Corson, who is confidential clerk of the house, it is learned that the total indebtedness of the firm is $170,000 of which amount $30,000 is fully secured. The liabilities are nearly all due to Washington creditors, there being only a few thousand dollars due to creditors in Baltimore, New York and Chicago. The indebtedness to all Washington bankers in abundantly secured. Major Corson says there is every reason to believe that the firm will be able with the aid of some indulgence as to time, to pay all their liabilities in full. WASHINGTON, Oct. 24.-Messrs. H. D. Cooke & Co. have to-day made an assignment to Horace F. Cummings of the Washington law firm of Cummings & Baker. Mr. Cooke says this action is taken in order to protect the interests of all concerned until the firm can arrange for resumption or payment. New YORK, Oct. 25.-The public grain and stock exchange of Chicago obtained an attachment to-day against the prop. erty in this state of H. D. Cooke & Co., bankers of Washington, who have suspended payment. The exchange had $4,000 on deposit with Cooke & Co.


Article from The True Northerner, October 30, 1884

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WASHINGTON. An arrangement for the exchange of mail matter of domestic rates of postage has been concluded between the Mexican Minister at Washington and Postmaster General Hatton. Gen. Hazen, in his annual report on the operations of the Signal Service, states that during the past year no general storm has passed over the country without warning. H. D. Cooke & Co., private bankers of Washington, have suspended payment. The head of the house is a brother of Jay Cooke, and was formerly Governor of the District. The liabilities are said to be $140,000, mainly due to local creditors. The firm was interested in the Florida Canal Company and the Washington and Ohio Road. The Patent Examiners-in-Chief at Washington have made decisions in the telephone case of Bell, Edison, and others in favor of Bell, one decision involving the principal feature of the telephone.


Article from Madison Times, November 1, 1884

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The Banking house of H. D. Cooke& Co., of Washington, D. C., suspended last week. H. D. Cooke is a brother of Jay Cooke.


Article from The Douglas Independent, November 1, 1884

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C. P. Huntington says business in the East is picking up. The losses by the fire at Carthage, N. Y., aggregate $500,000. Commander Schley has issued his report 0 on the rescue of Greely. Martin Murphy, a San Francisco millionaire, died last week. Lack of funds prevents the completion of the Bartholdi statue pedestal. The stage between Jefferson City and Boulder, M. T., was robbed recently. The coinage of silver in the United States the past year, has been $27,000,000. Extensive forest fires are raging in New Jersey in Camden and Gloucester counties. J. R. Dorsey, aged 75, and Jane Wade, aged 60, were lynched at Centre, Ala,, last week. Scarlet fever or scarlatina is epidemic at the Wisconsin Industrial School for girls in Milwaukee. Adams' express office at Woonsocket, R. I., was entered and robbed of $11,000 the other night. The taxable property of San Louis Obispo, Cal., exceeds $8,000,000, an increase of over 35 per cent. The receiver of the Wall Street Bank, New York, has begun the payment of dividends on 20 per cent. The liabilities of A. W. Bowman, capitalist, San Francisco, who recently assigned, will reach $1,000,000. John Welsh, a New York jeweler, gave a banquet last week to the surviving members of Stevenson's regiment. The private banking house of H. D. Cooke & Co., of Washington, has failed. Liabilities, $170,000; assets, $30,000. The Central Pacific Railroad has adopted the time of the 120th meridian for trains running west of Ogden and El Paso. Pension Commissioner Dudley has been exonerated from the charge of giving preference to applicants from Ohio and Indiana. The boys employed in a number of glass factories in Pittsburg are on a strike for an advance of 5 to 10 cents per day in their wages. The engagement of President Arthur and Miss Tillie Frelinghuysen, daughter of the Secretary, is announced. The marriage will take place in January. The Department of State has been informed by the consul at Buda-Pesth that a general national exhibition will be held at that place, beginning on May 1, 1885. Carrie J. Welton, who recently perished on Long's Peak, Colorado, bequeathed $250,000 to the Society for the Prevention of Cruelty to Animals of New York. The Chinese Consulate in San Francisco has dispatched its attorney to Washington to represent its interests in several contested cases arising from the restriction law. The Secretary of the Treasury has received the reports of the special committeeappointed to consider the general question of classification of wool under a new tariff. The Secretary of State has designated Kasson, United States minister to Germany. representative of the United States at the Congo conference to be held in Berlin. A fire a few days ago burned the furniture factories of John & Ellison, and Freese & Brustmaier, Chicago. Loss on both will be about $35,000; insured for $11,000. The steamer Amerique, of the French line, while lying at New York last week, caught fire in her hold among some cotton. It was speedily extinguished, causing only a slight damage. Minnie Cummings, an actress, obtained a verdict of $25,000 last week against William B. Davis, a police officer, and Delia Murphy, milliner, of New York, in an action for false imprisonment. The Reading Coal and Iron Company's shaft was discovered to be on fire last week. The vein being perpendicular it is impossible to reach the fire. The mine will probably have to be flooded. The loss will be heavy. The Treasury Department last week issued a warrant for $166,667 in favor of the President of the World's Industrial and Cotton Exposition. This is the fourth installment of $1,000,000 appropriated by Congress for the Exposition. The physicians sent by the Minnesota State Board of Health to investigate the disease at Brookings, Dak., report it to be the most virulent type of small-pox. At least 150 people have been directly exposed and the gravest results are feared. The steamer Elder, from Bremen and Southampton, completed the voyage in seven days and five minutes from Queenstown, making the Elder the fourth fastest steamer afloat, having only been beaten by the America, Oregon and Alaska. Charles Mitchell, the pugilist, has 18sued a challenge to Dominick McCaffrey to fight within six weeks, with hard gloves or bare fists, in any city in the world, barring New Orleans, from $500 to forfeit. $2,500 a side. Mitchell has deposited $500 Information from the Texas border indicates carelessness or misunderstanding on the part of cattle inspectors, several Texas herds having been admitted to the territory of New Mexico, which, although free from the fever, have left a poisoned trail that has developed fever in the native herds. Says a Louisville, Ky., dispatch: Rubels Rock, a dangerous formation on the Ohio, at the falls, was blasted by the government employees recently. Almost every steamer afloat on the Ohio has suffered from the rock. Boats scrape the bottom and disledges. joint their hulls against the treacherous The wife of Joseph Shirley


Article from Watertown Republican, November 5, 1884

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Financial Embarrassment. Weisz & Moll, dealers in agricultural implements, Sioux City, Ia., have assigned. Liabilities about $25,000; assets $20,000. The United States contributed 231 to the failures for the week ending on the 31st. The People's Bank, at Canton, Ill., suspended on the 29th with liabilities to the amount of $100,000. S. Selig, wholesale milliner, San Francisco, has made an assignment. Liabilities $25,000; assets $20,000. The banking house of H. D. Cooke & Co., Washington, D. C,, has closed its doors. The liabilities are estimated at $170,000, It is believed the embarrassed firm will in time pay its indebtedness in full.


Article from St. Landry Democrat, November 8, 1884

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TOPICS OF THE DAY. News from Everywhere. PERSONAL AND POLITICAL. , A LIQUOR dealer named Frank Rigney, of Winnipeg, Man., has disappeared, and is accused of forgeries of $15,500. He is probably now a citizen of Mexico or Canada. THE message of Queen Victoria to Parliament on the 22d, expressed the hope of her Majesty that the franchise bill might spon be passed. IN his annual report General Hazen, chief Signal officer, says the service is greatly crippled for the want of money. He regards the Greely expedition as foremost among its kind. AT the meeting of the Grand Lodge of Masons of Kentucky, at Louisville, on the 221, High Priest Farleigh discussed the papal letter against the order. He declared that the charges of Pope Leo against Masonry were false. COMMODORE SCHLEY, commander of the Greely relief party, has submitted his report to the Secretary of the Navy. He relates interesting details concerning the discovery of the explorers and their wretched condition when rescued. ON the 22d the annual convention of the National Wholesale Drug Association met in St. Louis, Mo. C. F. G. Meyer, of St. Louis, was elected President for the onsuing year; A. A. Mellier, of St. Louis, Vice-President; A. B. Merriam, of Cincinnati, Secretary, and S. M. Strong, of Cleveland, Treasurer. The delegates attended a banquet on the night of the 23d, and went on an excursion to Crystal City on the 24th. WILLIAM B. WASHBURN, was elected President of the American Missionary Association at Boston, Mass., on the 23d. IT is reported that Admiral Miot is negotiating with the Hova chiefs in Madagascar. ON the 23d Senator Platt addressed 25,000 people at the dedication of the soldiers' monument at Waterbury, Conn. THE United States Grand-Jury at Boston has indicted Wm. H. Dempsey for frauds in supply ing the Navy Department with stationery. THE firm of H. D. Cooke & Co., bankers, Washington, D. C., suspended on the 23d. The cause is attributed to outside speculations. Liabilities, $130,000. EMPEROR WILLIAM and Bismarck have recently been holding a series of conferences all by themselves. NOTICE has been given by Mr. Gladstone that he will ask in the Commons that priority be granted for the franchise bill. A LONG letter has been written.by Glads:one to the St. Osaph Diocesan Conference on the subject of the "Disestablishment of the Church of England." THE contract of Colonel Mapleson with Patti for the Drury Lane (London) season limits her fee to ยฃ450 nightly. Nilsson's fee is limited to ยฃ350 nightly. ON the 23d the King of Portugal gave an audience to Richmond, the newly appointed American Minister, who presented his credentials. WHILE dining on the 23d, Captain Wilkes Ballard, of Atlanta, Ga., placed his hand his forehead and exclaiming, "Such a pain!" died. He was well known to railroad men as the originator of "Ballard's Express." PRESIDENT GARRETT, on the part of the Baltimore & Ohio Railroad, has offered to transport the collective Sate exhibits of Maryland and West Virginia to the World's Industrial Exposition at New Orleans free of charge. ON the 23d snow fell in various parts of Ontario. In some places it was six inches deep. THE Teemer-Conley four-mile boat race has been postponed until November 8th. THE weekly papers in Ireland are exultant over the resignation of Trevelyan. THE suspended banking firm of H. D. Cooke & Co., Washington, D. C., made a formal assignment on the 24th. THE firm of Skopelwich Bros. & Co., wholesale jewelers and diamond dealers, Syracuse, N.Y., failed on the 24th. Liabilities, $75,000. DOMINICK MCCAFFREY refuses to fight Mitchell again for the reason that he wishes to tackle John L. Sullivan in the next match he makes. 1 ON the 24th the Whittier anniversay It was celebrated at Providence, R. I. was largely attended. A portrait of the poet was presented. JOHN T. PLEASANT, of the Petersburg (Va.) Mail, charged with eriminal libel, was found guilty of a misdemeanor, on the 24th, fined $5 and given one minute in jail. A LONDON dispatch says Gerster is suffering from rheumatism which, at last accounts, had attacked the muscles of her throat. THE Regency Council of the Duchy of Brunswick have refused to countersign the manifesto of the Duke of Cumberland, assuming government of the Duchy. The majority of the Bundesrath favor Prince Albert of Russia. IT is proposed to raise by subscription a fund of ยฃ10,000 for the benefit of the family of the late Alexander M. Sullivan, THE Chief Examiner of the Patent Office rendered a ision on the 24th awarding the priority of invention to Alexander Graham Bell in the matter of the telephone receiving instrument. ON the 24th, at the session of the Nation-