John J. Cisco & Son (New York, NY)

Episode Information

Episode UID
8841198591021
Episode Type
Run → Suspension → Closure
Bank Type
private
Bank ID
884119859 hash
Start Date
January 15, 1885
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0f2c38242a76a9b4

Response Measures

None

Description

Assignment made to an assignee for gradual liquidation after depositor runs; appears permanent liquidation rather than reopening.

Events (3)
1. January 15, 1885 Run
Cause
Rumor Or Misinformation
Cause Details
Widespread rumors (telegraphed nationally and to Europe) triggered heavy withdrawals; underlying depreciation of Houston & Texas Central securities contributed to loss of confidence.
Measures
Firm made an assignment to an assignee (Louis May) to protect creditors; suspended payments and proposed liquidation.
Newspaper Excerpt
The rumors started ten days since about this house ... have caused a very severe run upon them by depositors.
Source
newspapers
2. January 15, 1885 Suspension
Cause
Voluntary Liquidation
Cause Details
Firm assigned its assets to an assignee without preferences for gradual liquidation following the run and to protect all creditors.
Newspaper Excerpt
John J. Cisco & Son ... suspended Thursday afternoon and made an assignment without preferences.
Source
newspapers
3. * Other
Newspaper Excerpt
It is stated that all depositors will be paid in full as soon as the securities can be realized upon. The matter is rather in the nature of liquidation than a failure.
Source
newspapers

Newspaper Articles (17)
1. January 16, 1885 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, January 16, 1885

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HEAVY FAILURE. The Banking Firm of John J. Cisco & Son Makes an Assignment. NEW YORK, Jan. 15. John J. Cisco & Son, bankers, 59 Wall street, filed an assignment this afternoon without preferences, to Lewis May, and Mr. 1 May, when asked for a statement in regard to the suspension, said: "The rumors started ten days since about this house, and which were telegraphed all over this country and Europe, have caused a very severe run upon them by depositors. In addition to this they were largely interested in bonds of the Houston & Texas Central railroad, which have been very greatly depreciated by a severe blow against the credit of that company caused by the action of C.P Huntington in purchasing coupons of first mortgage bonds. All the depositors will undoubtedly be paid in full as soon as the securities can be realized upon. The firm has no outstanding contracts of the stock exchange." May said the firm owed $2,500,000 to the depositors. He could not say who were the largest depositors nor estimate their number. As is generally believed, the matter is rather in the nature of liquidation than failure. This view is strengthened by the knowledge that the firm always has been rich, and also by e fact that no preferences are given. The firm's liabilities are chiefly to the depositors. The present partners are John A. Cisco and F. A. Foote, the former being a member of the stock exchange, but never participating actively in the operations of the exchange. The late John J. Cisco was formerly assistant treasurer of the United States at New York, and during the early stages of the rebellion he rendered valuable assistance to Slocum P Chase, then secretary of the treasury, in securing loans from the city banks. Frederick W. Foote, partner in the banking house of Jno. J. Cisco & Son, was seen tonight at his residence. "There's nothing discreditable in the action of the firm," said Mr. Foote. "The rumors of the last ten days, which have been spread broadcast throughout this country and Evrope in rela tion to our firm have-used me up. No house could stand under the same circumstances. If Mr. Huntington had not defaulted on the Houston & Texas Central coupons on Jan. 1. we might have been all right." C. P. Huntington was seen at his residence, 65 Park avenue. "I don't see why they should connect me with the failure," said Mr. Huntington. "In regard to the coupon business, the whole thing lies in a nutshell. The coupons of the Houston & Texas Central, due Jan. 2st, were bought by the Southern Developement company, of which I am general agent. To go back a little, when we bought the Morgan company's steamboats and railroads, we acquired $49,000 worth of Houston & Texas Central stock. In this way my name was connected with that road. The bonds of that road heve not been paid, and in consequence of the depreciation and shrink age, I suppose Cisco & Son, who are reported to have held considerable stock, have been hampered. I think the road will be all right in time. We purchased about $275,000 worth of coupons at face value, which we had a perfect right to do. That's all I have to say about it,"

2. January 16, 1885 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, January 16, 1885

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A BIG BANKING Compelled to Assign for the Protection of Its Creditors. NEW YORK, Jan. 15.-It was officially announced shortly after the close business that the old banking firm of John J. Cisco & Son, No. 59 Wall street, had assigned to Louis May, formerly of the banking and brokers firm of May & King, who is also assignee of Halstead, Haines & Co., which concern suspended some months ago. The firm was connected financially far many years with . the Louisville & Nashville and Houston & Texas Central railroad companies, and it is supposed they had to assign from the late decline in the securities of these corporations as well as a general shrinkage in values throughout the year 1884. The senior partner died last year, and on April 1 next the affairs of the old firm were to be closed and everything would have gone on as usual up to that time but for the reports they were embarrassed, which were started about ten days ago and telegraphed throughout this country and Europe. These reports grew out of the fact that the firm was understood to be largely interested in Houston & Texas bonds, which have greatly depreciated since the present management of the road, which caused the coupons of the first mortgage bonds to be bought by the Southern Development Company instead of paying them direct as heretofore. Although the reports affecting the credit of the firm were denied at the time they led to a steady and increasing run by depositors, and it was deemed best for the benefit of the creditors to assign without preferences for the purpose of gradual liquidation.

3. January 16, 1885 Bismarck Weekly Tribune Bismarck, ND
Article from Bismarck Weekly Tribune, January 16, 1885

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Rnmored Assignment. NEW YORK, Jan. 15.-It was officially announsed shortly after the close of business that the old banking firm of John J. Cisco & Son, 59 Wall street, had made an assignment to Louis May, formerly of the banking and brokers firm of May & King who is also assignee of Halstead, Haines & Co., which concern suspended some months ago.

4. January 16, 1885 The Democratic Leader Cheyenne, WY
Article from The Democratic Leader, January 16, 1885

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Banking Firm Failed. NEW YORK, Jan. 15.-It was officially announced shortly after the close of business that the old banking firm of John J. Cisco & Son had made an assignment to Louis May, formerly of the firm of May & King, bankers, who is also the assignee of Halstead, Haines & Co., which concern suspended some month ago, The firm was intimately connected financially for many years with the Louisville & Nashville and Houston & Texas Central Railroad cempanies. Owing to the shrinkage of value of the above securities reports were started several days ago that the firm was embartassed. Although reports affecting credit were denied at the time they led to a steady and increasing run by depositors and it was deemed best for the benefit of all creditors to make an assignment without preferences for the purpose of gradual liquidation. As generally believed this afternoon the matter is rather in the nature of a liquidation than a failure, as it is stated that all depositors will be paid in full as soon as the securities can be realized upon. No statement has yet been made up. The present partners are John J. Cisco, son of John J. Cisco and F. A. Foote. The late John J. Cisco was for a long period treasurer of the United States at New York. All moneys deposited with the firm to-day will be returned to-morrow.

5. January 16, 1885 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 16, 1885

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FAILURE OF CISCO & SON. NEW YORK, Jan. 15.-It was officially announced shortly after the close of business that the old banking firm of John J. Cisco & Son, 59 Wall street, had made an assignment to Louis May, formerly of the banking and brokers firm of May & King, who is also the assignee of Holstead, Haines & Co., which concern suspended some months ago. The firm was intimately connected financially for many years with the Louisville & Nashville and Houston & Texas Central Rail road companies, and it is supposed from the late decline in the secureties of these corporations as well as a general shrinkage in value throughout 1884, the assignment was caused. The senior partner died last year and on April 1 next, the affairs of the old firm were to be closed, and everything would have gone on as usual up to that time but for the reports that they were embarrassed, which were started about ten days ago and telegraphed throughout this country and Europe. These reports grew out of the fact that the firm was understood to be largely intérested in Houston & Texas central bonds which have greatly depreciated since the present management of the road caused coupons of the first mort gage bonds to be bought by the Southein Development company instead of paying them direct as heretofore. Although the reports affecting the credit of the firm were denied at the time, they led to a steady and increasing run by depositors, and it was deemed best for the benefit of all creditors to make an assignment without preference, for the purpose of a gradual liquidation. As generally believed this afternoon the matter is rather in the nature of a liquidation than a failure, as it is stated all the depositors will be paid in full, as soon as securities can be realized upon.

6. January 16, 1885 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 16, 1885

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The Cisco Failure. NEW YORK, January 15.-It was officially announced, shortly after the close of business, that the old banking firm of John J. Cisco & Son had made an assignment to Louis May, formerly of the, firm of May & King, bankers, who is also assignee of Halstead, Harnes & Co., who suspended some months ago. The firm was intimately connected financially for many years with the Louisville & Nashville and Houston & Texas Central Railway companies. Owing to shrinkage of values of the above securities, reports were started several days ago that the firm was embarrassed, although the report affecting its credit were denied at the time. They led to a steady and increasing run by depositors, and it was deemed best for the benefit of all creditors to make an assignment without preferences, "for the purpose of gradual liquidation. As generally believed this afternoon the matter is rather in the nature of a liquidation than a failure, as it is stated that all the depositors will be paid in full, as soon as the securities can be realized upon. No statement has been made up. The present partners are John A. Cisco, son of John Cisco, and F. A. Foote. The late John Cisco was for a long period Treasurer of the United States at New York. All the moneys deposited with the firm to-day will be returned to-morrow.

7. January 20, 1885 Wheeling Register Wheeling, WV
Article from Wheeling Register, January 20, 1885

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SHE FORCED THEM TO ASSIGN. Mrs. Green's Relations With the Failed Bankers of New York. NEW YORK, January 19.-The deposit which Mrs. E. H. Green, the richest woman in America, sought to withdraw from John J. Cisco & Son, the bankers, was not $1,500,000, as reported, but only $100,000. The statement is made upon the authority of a gentleman who is well acquainted with the affairs of the firm. "Mrs. Green and her father, from whom she inherited her wealth," said the informant, "had kept an account with Cisco & Son for many years. When she heard the rumor as to the firm's solvency which was put afloat two weeks ago, she at once wrote to the firm from Bellows Falls, Vt., demanding the transfer of her account to another bank in this city. The Ciscos wrote in reply that they could not pay out $400,000 in cash on such short notice without prejudicing the intrests of other creditors. They asked for time, and said all would be right. She wrote back, insisting upon having he money at once. The firm wrote in reply informing Mrs. Green, it is said, that her husband owed them about $800,000. She refused to recognize this claim, and threatened to bring suit at once for her money. Then the firm made an assignment, so as to put all their creditors on an equal footing. "This is the true story of Mrs. Green's relations with the firm. If she had not been so importunate for her money, the house would probably not have been obliged to suspend. Mrs. Green is a very wealthy woman. She is worth about $40,000,000, and there are $26,000,000 worth of her securities in the Cisco vaults. Of course they are not affected by the failure, as they are held in trust."

8. January 21, 1885 The Vermont Watchman Montpelier, VT
Article from The Vermont Watchman, January 21, 1885

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Two great failures have occurred during the past week-a banking house and an iron firm. Thursday afternoon John J. Cisco & Son of New York, bankers, suspended, having $3,500,000 liabilities, of which $2,000,000 are due depositors. The value of the assets is unknown. The immediate cause of the failure is said to have been the peremptory demand of Mrs. E. H. Green, who was a depositor to the extent of $1,000,000, that a large sum should be transferred to a bank which she named. On the same afternoon, the iron firm of Oliver Brothers & Phillips, Pittsburgh, suspended payment. Their liabilities are reported at about $5,000,000. One of the contributory causes of the suspension was the heavy loss suffered by the firm in a contract for pipe which was made with a mining company in California. The pipe was made and shipped to California, where it was all condemned. Dull times, an immense pay-roll and other necessary expenses have also had their influence. Some other firms, in which members of the suspended company are principals, have also suspended. Mr. Oliver was a member of the tariff commission, and is noted in the iron trade for his energy and ability. He says the firm has ample assets to pay every dollar it owes. It is the general impression that an extension will be asked for and granted, and the firm will resume business.

9. January 22, 1885 Yorkville Enquirer York, SC
Article from Yorkville Enquirer, January 22, 1885

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MERE-MENTION. Jefferson Davis will be 77 years old on the 3rd of June next. Wherefore the Columbia Register asks: "Is it not time for all brave men to let him alone, whatever may have The been his deserts or defaults?" death roll from disasters on land and sea Ohio's exhibit during 1885 was 73,787. at New Orleans cost $40,000; Maryland's, $24,000; New York $20,000; New Jersey's A $18,000, and Pennsylvania's $7,000. grocer in Green Bay who hung up the sign, "Keep off the counters-no loafing wanted in here," had to close up shop inside of three months. A cyclone a mile wide passed through Hale, Perry and Bibb counties, Ala., and crossed over into Jones county Ga., on Monday. Much damage was done to buildings, fences and timber, and Vice-President one man was killed. Hendricks will live permanently in Washington during the four years of his office. It is officially stated that 75,000 mortgages were recorded in Arkansas last The banking house of John J. year. Cisco and Son, of New York, has assigned. The reason given is to wind up the affairs of the institution, some of the legatees of the senior member, who is dead, desiring to withdraw their legacies from the capital Six millions of employed in the house. dollars' worth of silver is used in this country, every year, for manufacturing and decFrom the West and orative purposes. North come reports of unusually cold weather for the past week. Railroad travel is impeded, and in the stock ranges of the West thousands of head of cattle have either froThe Earl of zen or starved to-death. Aylesford, who died in Texas last week, held insurance policies in English companies on his life, for over a million dollars.

10. January 22, 1885 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, January 22, 1885

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LATEST TELEGRAMS. GENERAL NOTE: ROBERT BREWSTER, who was shot at New Orleans by the editor of the Mascot, died Tuesday. OWING to an important decision in favor of the company, Bell telephone stock advanced to 265 Tuesday at Boston, a gain of 15 points from the opening price. CONGRESS will be petitioned to make an appropriation to render the Wabash River navigable between Lafayette, Terre Haute, and the Ohio River. O'DONOVAN ROSSA asserts that President Arthur's allusion in his message to congress to dynamiters was inspired by information furnished him by Captain Phelan, and that the stabbing of the latter was a conspiracy hatched by England's agents in America. THE week's increase of the reserve of the New York banks amount to $7,623,000, and they now hold d total of $47,644,000 in excess of the legal requirement. THE Farmers' Bank, of Elizabethtow», Lancaster county, Pa, a private institution, has failed. Liabilities, $80,000 assets not given. THE Director of the New Orleans Exposition contradicts a report that its financial conditian is critical. He also denies the report that Congress is to be asked for an additional appropriatoin. HON. WILLIAM HALE, governor of the Territory of Wy ming, died at Cheyenne, at the age of 48. He was appoinged governor by President Arthur, August 3, 1882. His former residence was at Glenwood, Iowa. A BILL was introduced Thursday in the Minnesota senate, providing that any persons or corporations conspiring or combining to effect the value of cereals shall be fined $1,000 nor more than $10,000. JOHN J. CISCO & SON, bankers at New York, suspended Thursday afternoon and made an assignment withot preferences. The matter is considered to be more in the nature of liquidation than a failure, and depositors, it is said, will be paid in full. Reports that the firm was embarrassed caused a steady run, which led to the assignment to protect all creditors alike. A DISPATCH dated January 13 says: "Trains delayed thirty-six hours on the Iowa Division of the Illinois Central Road came in Wednesday. The snow blockade is the most serious that has occurred this winter. Drifts five feet deep were encountered. The road is pretty well cleared and no further trouble is looked for." THE Earl family, at Creston, Iowa, twelve persons in all, have shut themselves up in their house, hourly expecting the end of the world. They spend the time in poring over their Bibles; and fears are expressed that one of their number, a young girl, who is an "unbeliever," will be offered as a sacrifice. THE question which has agitated the Milwaukee public ever since the opening of the exposition in that city, whether to keep it open on Sundays, was decided Saturday night at the stockholders' meeting, in the negative. John Plankington decided the issue by casting his own 6,450 votes and 7,923 proxies against the proposition.

11. January 22, 1885 Mineral Point Tribune Mineral Point, WI
Article from Mineral Point Tribune, January 22, 1885

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LATEST TELEGRAMS. GENERAL NOTES. ROBERT BREWSTER, who was shot at New Orleans by the editor of the Mascot, died Tues OWING to an important decision in favor of the company, Bell telephone stock advanced to 265 Tuesday at Boston, a gain of 15 points from the opening price. CONGRESS will be petitioned to make an appropriation to render the Wabash River navigable between Lafayette, Terre Haute, and the Ohio River. O'DONOVAN ROSSA asserts that President Arthur's allusion in his massage to congress to dynamiters was inspired by information furnished him by Captain Phelan, and that the stabbing of the latter was a conspiracy hatched by England's agents in America. THE week's increase of the reserve of the New York banks amount to $7,623,000, and they now hold d. total of $47,644,000 in excess of the legal requirement. THE Farmers' Bank, of Elizabethtow*, Lancaster county, Pa, a private institution, has failed. Liabilities, $80,000 assets not given. THE Director of the New Orleans Exposition contradicts a report that its financial conditian is crivical. He also denies the report that Congress is to be asked for an additional appropriatoin. HON. WILLIAM HALE, governor of the Territory of Wy ming, died at Cheyenne, at the age of 48. He was appoin governor by President Arthur, August 8, 1882. His former residence was at Glenwood, Iowa. A BILL was introduced Thursday in the Minnesota senate, providing that any person: or corporations conspiring or combining to effect the value of cereals shall be fined $1,000 nor more than $10,000. JOHN J. CISCO & SON, bankers at New York, suspended Thursday afternoon and made an assignment witho-t preferences. The matter is considered to be more in the nature of liquidation than a failure, and depositors, it is said, will be paid in full. Reports that the firm was embarrassed caused a steady run, which led to the assignment to protect all creditors alike. A DISPATCH dated January 13 says: "Trains delayed thirty-six hours on the Iowa Division of the Illinois Central Road came in Wednesday. The snow blockade is the most serious that has occurred this winter. Drifts five feet deep were encountered. The road is pretty well cleared and no further trouble is looked for." THE Earl family, at Creston, Iowa, twelve persons in all, have shut themselves up in their house, hourly expecting the end of the world. They spend the time in poring over their Bibles; and fears are expressed chat GRe of their number, a young girl, who is an 'unbeliever," will be offered as a sacrifice. THE question which has agitated the Milwaukee public ever since the opening of the exposition in that city, whether to keep it open on Sundays, was decided Saturday night at the stockholders' meeting, in the negative. John Plankington decided the i-su- by casting his own 6,450 votes and 7,923 proxies against the proposition.

12. January 22, 1885 The Dallas Weekly Herald Dallas, TX
Article from The Dallas Weekly Herald, January 22, 1885

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A BEACE OF FAILURES. John J. Cisco & Co., New York, NEW YORK, Jan. 15.-It was officially announced shortly after the close of business that the old banking firm of John J. Cisco d Son, 59 Wall Street, has made an assignment to Louis May, formerly of the banking and brokers firm of May & King, who is also assignee of Haistead, Haines & Co., which concern suspended some months ago. The firm was intimately connected financially for many years with the Louisville & Nashville and the Houston & Texas Central railroad companies and its supposed failure is the result of the late decline in the securities of these corporations, as well as the general shrinkage of value. The senior partner died last year, and on April 1 next the affairs of the old firm were to be closed, and everything would have gone on as usual up to that time, but for the reports that they were embarrassed, which were started about ten days ago and telegraphed throughout this country and Europe. These reports grew out of the fact that the firm was understood to be largely interested in Houston & Texas Central bonds, which have greatly depreciated since the present management of the road caused the coupons of the first mortgage bonds to be bought by the Southern Development company, instead of paying them direct, as heretofore. Although reports affecting the credit of the firm were denied at the time, they led to a steady increasing run by depositors and it was thought best for the benefit of all the creditors to make an assignment without preferences for the purpose of gradual liquidation. As was generally believed this afternoon, the matter is rather in the nature of liquidation than a failure, as it is stated that all depositors will be paid in full as soon as securities This can realized be upon. case is of the view strengthened by the knowledge that the firm has always been rich, and also by the fact that no preferences are given, not even the large estate of the late senior partner. The firm has no contracts on the stock exchange, being its chiefly liabilities to its depositors. The assignee look charge at 8 p. m., and no statement has been made up. The present, partpers are John A. Cisco, son of John J. Cisco, and F. A. Foote. All money deposited with the firm to-day is to be rearned to-morrow.

13. January 23, 1885 The Iola Register Iola, KS
Article from The Iola Register, January 23, 1885

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THE EAST. A CORONER'S jury has found Charles Van Size, son of the Brooklyn millionaire, guilty of the murder of Julius Zarlaskin. J. HENRY PALMER, of New York, dry goods, assigned. Preferences, $85,000. SHARON, PA., special says the Kimberry Rolling Mill, which closed down several weeks ago because of financial troubles, has resumed. Two men were killed by an explosion of dynamite at Somerset, Pa., the other day. BEN BUTLER'S libel suit against the Boston Herald is based upon an article published in that paper November 13, which charged him with causing the loss of the steam transport Mississippi during the war. FRANKLIN FALLS, N. H., reports a bridge over the Iron Brook & Northern Railroad carried away by an ice jam. All freight trains were held and passengers transferred. ONE Dimick, of Buffalo, recently defrauded the Union Insurance Company, of Philadelphia, out of $200,000. PROF. BENJAMIN SILLIMAN, of Yale College, died recently at New Haven, of heart disease. AT Pittsburgh, on the 15th, the firms of Oliver Brothers & Phillips and the Oliver & Roberts Wire Company suspended payment. The liabilities were said to amount to $ 000,000; assets large. THE well-known banking house of John J. Cisco & Son, of New York, failed on the 15th with liabilities of $2,500,000. DANIEL BODIST, one of the men injured by the explosion in the S&W mill at Williamsport, Pa., died next day It was

14. January 23, 1885 The Middlebury Register and Addison County Journal Middlebury, VT
Article from The Middlebury Register and Addison County Journal, January 23, 1885

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TWO BIG FAILURES. Well Known Hankers and a Great I:on Firm Suspend. Two big suspensions on the same day-one in New York and the other in Pittsburg-have startled the business communities of the East. In New York the widely-known banking house of John J. Cisco & Son was obliged to close its doors and make an as signment. Rumors affecting the financial soundness of the firm caused such a run upon its funds by alarmed depositors that it finally went under. The effect of the rumors was naturally quickened by the general dullness of business and the persistent depreciation of railroad securities, with which the firm are said to be heavily laden. The liabilities of the insolvent firm are estimated at from $2,000.000 to $3,000,000. At Pittsburg, Penn., on the same day, the great wire and steel manufacturing firm of Oliver Brothers & Phillips, and the Oliver & Roberts Wire company, (limited,) issued the following card to their creditors: "We are to day compelled to suspend payments, and propose calling immediately a meeting of those interested, to whom we believe we can show assets amply sufficient, with some indulgence, to pay every dollar of our liabilities." The report of the embarrassment of Oliver Brothers & Phillips, the greatest iron firm in the city, flew like wildfire and set the town agog with excitement. Such an event was recognized as a catastrophe unequaled by any previous failure. The firm had about 4,000 men in its employ, and owned more than 100 puddling furnaces. A failure to meet some heavy notes is sai to have been the immediate cause of its suspension. Harry W. Oliver, jr., is the best known member of the firm outside of Pittsburg, by reason of his candidacy for United States Senator in 1881 and his membership of the Tariff commission. He has been known as one of the Stalwart Republican leaders in the State and a liberal contributor to campaign funds, but has never held any local office. The firm's liabilities are placed at $4,000,000, and it is asserted they will be able in time to pay creditors in full.

15. February 3, 1885 Sacramento Daily Record-Union Sacramento, CA
Article from Sacramento Daily Record-Union, February 3, 1885

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NEWS OF THE MORNING. In New York yesterday Government bonds were quoted at 1217/g for 4s of 1907; 1123/2 for 41/28; sterling, $4 S4@4 87½; 10134 for 3s; silver bars, 107½. Silver in London, 49%d: consols, 99 13-16d; 5 per cent. United States bonds, extended, 105; 4s, 1243/4; 41/28, 1151/4. In San Francisco Mexican dollars are quoted at 84½/2@86 cents. In the San Francisco mining share market yesterday morning all the middle Comstocks scored higher prices, Hale & Norcross reaching $1 40 and Chollar $2 95. Prices were somewkat weaker at noon. Bodie rose to $2 05. C. A. and A. E. Aldrich were sentenced at San Andreas yesterday to nine years' imprisonment for stage robbery. Two masked men robbed a stage yesterday near Sonora, Tuolumne county, getting $1,800 from the express box. Harry F. Barnett dropped dead in Steckton yesterday. The Warden fight in the Nevada Legislature ended yesterday by the election of Frank Bell. John G. Madson, a merchant and highly respected citizen, died suddenly in Sonora, Tuolumne county, Sunday night. The examination of Cunningham, the dynamiter, began in the Bow-street Police Court, London, yesterday. The long-pending case of the Union Pacific Railroad VS. the United States was yesterday decided by the Court of Claims. Laura De Force Gordon was yesterday admitted to the bar of the United States Supreme Court.The liabilities of John J. Cisco & Son, the suspended New York bankers, are found to be $2,987,000 ; assets, $2,467,000. The national debt was decreased $9,420,046 during January. Donovan Rossa was shot down on Chambers street, New York, yesterday, by a woman who gave her name as Yeslet Dudley, but was not fatally wounded. The New York elevated railroads are now considered unsafe, from the weakening of the iron supports and girders by the crystallization of the iron. A movement is on foot in New York looking towards discouraging immigation. The wife of Sheriff Davis was killed by fright in Preston. Ga., Sunday night. Forty-four men and three women were arrested in a New York gambling-house Saturday night. The thermometer registered 14° in New York yesterday. A city election for Marshai, two Trustees and a Police Judge, was held in Chico yesterday. At Panguitch, Utah, James Pau shot and killed Judd Woodward. W. C. Adkins was killed at Riverton, Utah, Sunday, by a horse falling upon him. Charles McCormick, an old prospector, has been found dead at Frisco, Utah. The United States Supreme Court adjourned yesterday until March 2d. Charles K. Roff was accidentally shot and killed at Seattle, W. T., Sunday. A. H. Davis has been held at Tombstone, A. T., for the murder of Matthews Alexander, a colored man. King Leopold wants General Gordon to be President of the Congo State. A serious riot occurred in New York last night, at a meeting of Socialists. General Earle has occupied Birti, on the Nile, the rebels having deserted their intrenchments. A free fight occurred at a Fenian meeting in Glasgow, Scotland, last night.

16. February 5, 1885 The Marietta Journal Marietta, GA
Article from The Marietta Journal, February 5, 1885

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# A MONEY MAKING WOMAN. The failure of John J. Cisco & Son, New York bankers, has again brought prominently before the public Mrs. E. H. Green, who is reported to be the richest woman in America. It was the determination of Mrs. Green to withdraw a portion of the very large amount that she had on deposit in the Cisco Bank that caused it to suspend. She is the largest creditor of the bank, and while she may lose a few thousand dollars of her deposits, her securities, amounting to $26,000,000, which were in the bank vault, are safe. Mrs. Green is a marvelously shrewd financier. She manages her own affairs, and thus far has managed them successfully. There are very few men in Wall street who are as well acquainted with the value of the different kinds of securities dealt in there as she is. She is credited with having engineered more than one corner in stocks, and to have gotten the better on many occasions of the ablest of the Wall street chaps. She is the daughter of a New Bedford whaler named Johnson, who died a few years ago, leaving her about $5,000,000. That sum would seem to be sufficient to satisfy the desires of any woman, but it did not, it seems, satisfy Mrs. Green. She began at once to speculate, and, through either her luck or shrewdness, accumulated money rapidly. Those who know the most of her financial transactions say that she was never known to make a mistake in her business affairs. She could not have made many mistakes of a serious character. If she had she could not have accumulated the vast fortune of which she is now mistress. She is credited with being very penurious. As an instance of this characteristic, it is stated that on one occasion she alighted in front of the Cisco banking house from a public conveyance, with a great bundle in her arms, and entered the bank. The bundle proved to be $200,000 worth of securities. The banker, Cisco, asked why she did not take a private carriage instead of trusting herself with so mary valuable securities in an omnibus. She replied that Mr. Cisco might be able to afford a carriage, but that she was not. Her thrift is apparent in every way that it is possible for it to show itself. In her home life she is very economical. She doesn't seek to have the best of everything. It is said that she has been known to walk to a social gathering when the streets were hardly fit for a woman to be abroad, rather than to pay for a carriage. It is related that on one occasion when there was a contest between two factions for the control of a great railroad property in which she had a large amount of stock, instead of voting her shares at the election for officers, she sold her proxies to one of the parties. Of course she had a right to do this, but the incident nevertheless, shows, if true, that she never lets an opportunity pass to turn an honest penny. What does this woman intend to do with her vast wealth? It may be that she has never given this question serious consideration. Her pleasure is to make money, not to spend it. Those to whom she leaves it will take pleasure probably in spending it.

17. February 5, 1885 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, February 5, 1885

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A Money Making Woman. The failure of John J. Cisco & Son, New York bankers, has again brought prominently before the public Mrs. E. H. Green, who is reported to be the richest woman in America. It was the determination of Mrs. Green to withdraw a portion of the very large amount that she had on deposit in the Cisco bank that caused it to suspend. She is the largest creditor of the bank, and while she may lose a few thousand dollars of her deposits, her securities, amounting to $26,000,000, which were in the bank vault, are safe. Mrs. Green is a marvelously shrewd financier. She manages her own affairs, and thus far has managed them success fully. There are very few men in Wall street who are as well acquainted with the value of the different kinds of securities dealt in there as she i. She is credited with having engineered more than one corner in stocks, and to have gotten the better on many occasions of the ablest of the Wall street sharps. She is the daughter of a New Bedford whaler named Johnson, who died a few years ago, leaving her about $5,000,000. That sum would seem to be sufficient to satisfy the desires of any woman, but it did'not, it seems, satisfy Mrs. Green. She began at once to speculate, and, through either her luck or her shrewdness, accumulated money rapidly. Those who know the most of her financial transactions say that she was never known to make a mistake in her bnsiness affairs. She could not have made many mistakes of a serious character. If she had she could not have accumulated the vast fortune of which she is now mistress. She is creditted with being very penurious. As an instance of this characteristic, it is stated that on one occasion she alighted in front of the Cisco banking house from a public conveyance, with a great bundle in her arms, and entered the bank. The bundle proved to be $200,000 worth of securities. The banker, Cisco, asked her why she did not take a private carriage instead of trusting herself with SO many valuable securities in an| omnibus. She replied that Mr. Cisco might be able to afford a carriage, but w that she was not, Her thrift is apparent in every way that it is possible for it to show itself. In her home life she is very economical. She doesn't seek to have the best of everything. It is said that she has been known to walk to a social gathering when the streets were hardly fit for a woman to be abroad, rather than to pay for a carriage. It is related that on one occassion when there was a S contest between two factions for the contiol of a great railroad property in e which she had 3 large amount of e stock, instead of voting her V shares at the election for officers-she sold her proxies to one of the parties. e Of course she had a right to do this, r but the incident nevertheless shows, d if true, that she never lets an opportunity pass to turn an hone t peany. What does this woman intend to do with her vast wealth? It may be e that she has neyer given this question e serious consideration. Her pleasure is to make money, not to spend it. d Those to whom she leaves it will take S1 pleasure probably in spending it. r