Clairmont Savings Bank (New York, NY)

Episode Information

Episode UID
9352510890933
Episode Type
Suspension β†’ Closure
Bank Type
savings
Bank ID
935251089 hash
Start Date
September 15, 1877
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
00691a7fa4dc8f30

Response Measures

None

Description

President arrested and books falsified; receiver appointed and bank later legally dissolved.

Events (3)
1. September 15, 1877 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examiner found large deficiency (reported $64,000 to nearly $90,000), falsified books and misappropriation of funds leading to closing.
Newspaper Excerpt
the Bank Examiner ordering the institution closed
Source
newspapers
2. September 22, 1877 Receivership
Newspaper Excerpt
A receiver has been appointed for the Clairmont Savings Bank and President Sherman Brodwell has been arrested.
Source
newspapers
3. December 26, 1877 Other
Newspaper Excerpt
Justice Ingalls has issued an order ... dissolving the Mechanics' and Traders' Savings Institution and the Clairmont Savings Bank, both of New York.
Source
newspapers

Newspaper Articles (20)
1. September 19, 1877 The New York Herald New York, NY
Article from The New York Herald, September 19, 1877

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The gentleman shook his head in a deprecating way, but declined to express an opinion. A CONFIDENTIAL LETTER. Mr. Swan was called into the trustees' meeting at a certain point in the proceedings to explain why he had permitted such gross irregu. larities as to loan to Mr. Hoyt money on checks, &c., and to say whether such acts had been countenanced by the president. At this point Mr. Swan, in his vindication, produced a letter, which was intended to be confidential, written to him by Mr. Hoyt after he (Swan) had refused further accommodation to him. In this communication Hoyt assumed the rΓ΄le of an injured man, recited how much the bank had been benefited by him and his connection with it, and generally showing the bank to be his debtor instead of largely his creditor. Mr. Swan also wanted to correct a general error that the bank had loaned money on New Jersey lands. Mr. Hoyt and McKinney, his partner, are the promoters of the New York and Boston Railroad projeet, a large amount of which bonds were placed upon market and are now said to be worthless. Mr. McKinney makes the following statement in regard to the connection of his name with the bank affairs:NEW YORK, Sept. 18, 1877. To THE EDITOR OF THE HERALD:The published statements regarding my connection with the Clairmont Savings Bank do me such injustice that I feel bound to ask you to publish the real tacts. which are brielly these The bank. Ht my request, discounted the bills 01 exchange referred to, amounting to $9,500, for the account of Mr. Dewing with the express understanding that they should be renewed from time to time until is fixed date in the fall. They will be promptly paid in accordance with A. McKINNEY. the original understanding. Mr. Henry Parsons, the counsel of the institution. was found at his office, at No. 178 Broadway, and stated to the reporter that he had taken no active part in the management of its affairs. He was a depositor in the bank, both with a personal and a trust account, and suffered from the stoppage of its business. He regretted that the president had been unable to come to the city, but hoped he would see the urgent necessity of his presence here. In regard to an Albany mortgage which it was said belonged to the bank, and which it was rumored had not been assigned LO it, he would prefer not to speak at present. There were, however, some grave irregularities brought to his notice for the first time, which it was highly necessary should be explained by the proper officers. Mr. Sherman Broadwell lives at No. 405 Bergen avenue, Jersey City Heights, and the report at his house was that be was ill. The Examiner is still at work at the bank.

2. September 19, 1877 The New York Herald New York, NY
Article from The New York Herald, September 19, 1877

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tees TRANSACTIONS. QUEER What Kind of Collaterals the Bank Officers Loaned On. DISTRESS OF DEPOSITORS. The excitement over the failure of the Clairmont Savings Bank seems to increase rather than diminish. The number of poor depositors who visited the institution yesterday to look after their interest was very numerous. From the appearance of the persons who were about the doors the patrons of the institution seemed to be principally hucksters, fruiterers, poulterers and generally the middle men and women who do business on the wharves nd upon the highways adjacent to Greenwich steet. They came with their passbooks in their hands and gazed upon the formal notice of the Bank Examine ordering the institution closed in a dazed sort of way, and then went off bewildered and sad to mourn over their misfortunes. Not all, however, were passive. Groups now and then gathered upon the sidewalks, and there was some ugly talk among them in regard to the officers and the way the bank was run in the interest of a few men. There was one noticeable change in the aspect of the place from the day previous-viz., the criticisms on Mr. Ball's connection with the banking office caused that gentleman to close the door of communication between the bank and his exchange office, thus making the connection of the two institutions less apparent. It seems that the report was right, notwithstanding all denials to the contrary, that the bank loaned Ball $2,000 each day to carry on his business of money exchange, and the profits on the same were divided at the close ot the day's transactions. It 18 said that the profits thus accruing were credited to salary account, but this matter is yet to be investigated. An additional notice was found upon the bank door yesterday morning. It ran as follows:- "All checks drawn by Young & Wegman on the Clairmont Savings Bank will be paid when presented at their office, No. 79 Barclay street." The firm were waited on at the number indicated by a HERALD reporter, to whom Mr. wegman said :-"We have sent our checks all over the country, and put up the notice because we do not propose to have our names dishonored because the bank has failed. We are dealers in buit and have to send a number of checks for greater or lesser amounts from Florida to California. We unfortunately drew on this bank." MEETING OF THE TRUSTEES. A meeting of a number of the gentlemen connected with the bank was held at half-past twelve o'clock in the room in the rear of the main office. The Bank Ex. aminer, Major Orvis, met them, and the general situation was discussed. The trustees present were Messrs. Marsh, Halsey W. Knapp, Robert G. Cornell, C. D. D13osway, John Q. Hoyt and Henry Parsons, the latter being also the counsel of the company. Mr. Cornell took the chair, and then, for the first time, the real Bituation of the bank was laid bare to the trustees. Mr. Parsons communicated the nature of a telegram received from Mr. Broadwell, the president, in which Mr. Parsons had urged Broadwell to be present, and the latter, from his home ID Jersey City, had responded that he was sick and urged Parsons to come and see aim. Alter this communication Major Orvis, the Examiner, proceeded to explain to the trustees the situation of affairs, which, briefly, is as follows:ASSETS. Par Value. Market Value. Totals. $41,430 00 Bonds and mortgages. $48,980.00 $41,430 3,348 3,100 GO U. S. bonds, 10-40's.Β₯ 432 400 00 3,780 00 U. S. bonds, 5-20's. 24,735 00 Call loans 1,730 Cash on hand 1,096 20 Cash Produce Bank Cash N. Y. National 419 06 3,246 75 Exchange Bank Total $73,191 75 (Find items called cash which are of doubtful value $24,752 71) LIABILITIES. Due depositors, upon which interest is paid $51,805.79 Due depositors upon active or 43,200 69 check accounts Money borrowed on collaterals9,100 00 From Union Trust Company 4,000 00 From N. Y. Nat. Ex. Bank 13,000 00 From N. Y. Nat. Ex. Bank 3,500 00 From William Cooper 11.000 on

3. September 22, 1877 Public Ledger Memphis, TN
Article from Public Ledger, September 22, 1877

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New York Items. NEW YORK, September 22.-A receiver has been appointed for the Clairmont Savings Bank and President Sherman Brodwell has been arrested. Minister Washburne and family leave to day for their home in Galena, Illinois. A fire in Keyport, New York, destroyed thirty houses and stores in the business part of the city. Loss heavy. Six European steamers sail to-day, taking 255,000 bushels of grain, large shipments of butter, cheese, oysters and Kentueky bluegrass seed for Hungary. The loss by fire at Keyport was $200,000. The business part of the town is in ashes. Secretary Sherman telegraphs the Evening Post, over his own signature, a positive contradiction of the report that he says he will be a candidate for the United States Senate, and that he has in any way compelled Ohio clerks to go home to vote.

4. September 23, 1877 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, September 23, 1877

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ANOTHER ROTTEN CONCERN. NEW YORK, Sept. 22.-A Receiver has been appointed for the Clairmont Savings Bank, and the President, Sherman Brodwell, has been arrested.

5. September 28, 1877 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, September 28, 1877

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NEWS OF THE WEEK. WASHINGTON Nearly all the Ohio clerks in the depart ments will avail themselves of Secretary (Sherman's permission to return home to vote) Gen. Smith, Appointment Clerk of the Treasury, will resign next month, and succeed Kessinger as Collector of the Fifteenth Ohio District, which office the President has placed at his disposal. The Secretary of the Treasury denies that he has approved an order obliging the Ohio elerks in his department to go home and vote a the coming election. Washington dispatch of the 21st says Collector Arthur and Naval-Officer Cornell, of New York, were requested to resign recently, but their resignations have not yet been received. It is positively asserted by some of Secretary Sherman's friends that in the event of the Republicans obtaining a majority in the Ohio Legislature he will be a candidate for Senator. E/R Hoyt, of New York, has been ap pointed Commissioner of Indian Affairs. Secretary Sherman denies that he will be a candidate for Senator from Ohio. The accounts of the 41/2 per cent. loan were closed on the 22d. The whole amount is $200,000,000 The Treasury Department had upon the Union Pacific Raffroad train, recently robbed in Wyoming, 300,000 ounces of silver bull. ion, This was in large bars, and so heavy that the rebbers vere/upable to carry it with and not an ounce was lost. THE EAST. The strike at the American iron-works at Pittsburgh has ended, the men resuming work at the old wages. The ing coopers of Pittsburgh have resumed work The Wilkesbarre (Pa.) miners have rejected_tho offer.org 10 percent advance. Ex-Minister Washburne arrived at New York from France on the 19th The Clairmont Savings Bank of New York city has suspended operation. An examination by the Bank Examiner showed a deficiency of over $64,000. The depositors number about 1,000 and their chance of recoveranything is poor. The centennial of the first battle of Bemis Heights, where Burgoyne received his fatal check in 1777, was celebrated on the 19th by a gathering of over 20,000 persons on the field. Base-ball on the 20th: Chicago Boston 7; Cincinnati E, Louisville 6. A monument was dedicated at Paol, Pa., on the 20th in honor of the fifty-three American soldiers under Gen. Wayne killed by British froops under Gen. Gray 100 years ago. Hon. Wayne MacVeigh was orator of the day. Among those present were Gov. Hartranft and staff. The Grand (Lodge of Odd Fellows refuses to alter the by laws so as to permit Indians to be initiated. The Third U. 8. Infantry have left Wilkes. bared.Pa for the West. A collision occurred near Rome, N. Y., on the 21st, between the western-bound Chicago express a freight train, by which Hen. derson, fireman of the express, Brakeman Durgen," of the freight, and Mail Agent L. Tunnard were killed and several others were seriously injured. A misplaced switch caused the accident. A furious snow-storm prevailed on Mt. Washington on the 21st. Savings Bank, of Wolfboro, N.H., has suspended. The deposits amount to $450,000. It is stated that depositors will be paid full. Base-ball on the 21st: Hartford 11, Chicago 3. On the evening of the 21st the OperaHouse at Berringer City, Pa., was burned. The fire was caused by the explosion of a kerosene lamp during the performance. The building being frame, the fire swept over it in a few minutes, and the audience barely escaped with their lives. Six steamers which sailed from New York for Europe on the 22d took out 250,000 bushels of grain and large shipments of butAbackage containing bonds, stocks, etc., estamated at $200,000 was stolen on the 22d from the safe of the First National Bank of O Courtland, N. Y. The loss was not discovc ered until the 24th. The securities were the property of private parties.

6. September 28, 1877 The True Northerner Paw Paw, MI
Article from The True Northerner, September 28, 1877

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DOMESTIC INTELLIGENCE. East. The dedication of the new monument at Paoli, Pa., in honor of fifty-three American soldiers under Gen. Anthony Wayne, killed by British troops under Gen. Gray, 100 years ago, took place on the 20th of September. Among those present were Gov. Hartranft and staff, and a grandson of Anthony Wayne. The discovery of the over-issue of about $1,000,000 worth of stock of the West Philadelphia Passenger Railway Company is the Quaker City's latest criminal sensation. John S. Morton, President of the company (andwho, by the way, is also President of the Philadelphia Permanent Exhibition), makes a clean breast of it, and says the fraud has been going on for seven years. The Clairmont Savings Bank. of New York, has collapsed, and the President is under arrest. A fire at Keyport, N. J., burned $200,000 worth of property. The First National Bank of Cortland, N. Y., has been robbed of $200,000 worth of stocks, bonds, etc. The coal-miners' strike in the anthracite fields of Pennsylvania is ended, the miners having agreed to accept the recently-rejected advance of 10 per cent. on their wages. Three trunks, containing $50,000 worth of securities, have been stolen from the Cam bridgeport (Mass.) National Bank. West Another Chicago savings bank has collapsed, the Merchants', Farmers' and Mechanics', of which Sidney Myers is President. Its affairs have been placed in the hands of a receiver. About $500,000 are owing to some 2,500 depositors. The assets are nominally equal to the deposits. St. Louis papers announce the death of Hon. Louis V. Bogy, United States Senator from Missouri. He was 65 years old and a native of Missouri. Late news from Sitting Bull, from British territory, indicate that he will remain on British soil through alleged fear on his part of trea chery. Sitting Bull's force now numbers

7. October 4, 1877 The Crisis Chillicothe, MO
Article from The Crisis, October 4, 1877

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A New York dispatch says "A receiver has been appointed for the Clairmont Savings Bank, and the president, Sherman, has been arrested." Which recalls the fact that there has been no mention yet of the arrest of any savings bank swindler in Chicago. Evidently they do these things better in New York.

8. October 4, 1877 The Milan Exchange Milan, TN
Article from The Milan Exchange, October 4, 1877

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TELEGRAPHIC NOTES. At Keller's Corners, 10 miles north of Fort Wayne, Ind., on the 22d, Dr. T. R. Morrison, a well known resident physician, shot and killed Asher M. Fisher. There was a long standing feud between the parties, and Doctor Morrision said in justification of the shooting that Fisher threatened to strike him with a club. The Doctor was released on bail. At Graham, Texas, on the night of the 21st, Deputy-Sheriff James Mason, with the assistance of two men, named White and Stewart, attempted to arrest a desperado from the southern part of the State, named Bob VanDever, who was charged with attempting to kill a man named Burdett. VanDever resisted arrest, and pulling his revolver, shot all three of the men. Stewart was instantly killed. Mason was fatally shot and died soon after, while White's wounds were serious. Out of 70 men left last year on the abandoned whaling fleet in the Arctic Ocean, only two, both Kanakas, have reached Point Barrow. All the rest are supposed to have perished. The Grand Lodge of Odd Fellows, recently in session at Baltimore, selected Austin, Texas, as the place for the next annual meeting. The famous Cleopatra's Needle left Alexandria, Egypt, on the 22d, for England. It was floated in a caisson, in tow of a steamer. A meeting of farmers, dairymen and others interested in cattle, was held at Cleveland on the 22d, for the purpose of taking some preventive measures to stop the spread of the cattle disease now SO fatal in that section. Up to the 22d, 139 cows had died from the disease. The Clairmont Savings Bank of New York recently suspended, and the President, Sherman Bredwell, has been arrested for illegal diversion of the funds. The business portion of the City of Keyport, N. J., was burned on the night of the 21st. Loss about $150,000; insurance about $50,000. A large mass-meeting of unemployed workingmen was held at San Francisco on the 21st. Inflammatory speeches were made, strongly denunciatory of the Chinese. Six European steamers sailed from New York on the 22d, taking 225,000 bushels of grain, besides large shipmentsof dairy products, and Kentucky blue-grass seed for Hungary. Elections for Deputies in France have been ordered for Oct. 14. The Chamber of Deputies will meet on Nov. 7. The steamship Diego, from New York, Sept. 1, for Liverpool, was burned at sea on the 8th. Her cargo consisted principally of flour and provisions, with 339 bales of cotton. No lives were lost. A convicted murderer named Meade, who escaped from the Columbiana County Jail, at New Lisbon, Ohio, last May, was discovered on the 23d at the home of his father, about five miles north of Alliance, He resisted arrest, fired at the officer, and then tried to run away. He was brought down by a bullet from the officer's pistol, however, and finding all hope of escape cut off, the murderer placed his pistol to his own head and blew out his brains. Dudley Hansford was hanged by a mob near Perry, McLennan County, Texas, for horse stealing, on the 22d. Mrs. James St. Clair and her two children, of Cleveland, o., were poisoned, on the 24th, by eating toadstools in mistake for mushrooms. The two children died and the mother was not expected to recover. The attempt to raise by voluntary subscription throughout Mexico a sum sufficient to pay the American debt has proved a failure, only $10,000 having been subscribed at last report. The latest advices from Calcutta bring the grateful intelligence that plenteous rains have fallen in the worst famine districts of India and that every thing in consequence presents a brighter outlook. One hundred and forty deaths from yellow fever occurred at Vera Cruz, Mexico, during August. Forty new cases of yellow fever were reported at Fernandina Florida onthe 24th.

9. October 5, 1877 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, October 5, 1877

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first ballot, by an almost unanimous vote. The platform deals mainly with State affairs, and has no allusion to National finances. The platform adopted by the Maryland Republican State Convention heartily commends the efforts of President Hayes to "restore a just and salutary Government throughout the South, and the kindliest relations among all its inhabitants." The New Jersey Prohibitionists have nominated a State ticket, headed by Rudolphus Bingham for Governor. The New York State Greenback Convention, held on the 20th, nominated a ticket headed by Francis E. Spinner for Secretary of State. The Indianapolis platform was adopted without change. John Rhode was hanged at Newcastle, Del., on the 21st, for the murder of James Temple. Two trains on the New York Central Railroad collided near Rome, on the 21st, on account of a misplaced switch. Wm. Hendrickson, fireman, Joseph Durlin, brakeman, and J.C. Tannard, mail agent, were killed, and several others more or less injured. The Clairmont Savings Bank of New York recently suspended, and the President, Sherman Bredwell, has been arrested for illegal diversion of the funds. The business portion of the city of Keyport, N. J., was burned on the night of the 21st. Loss about $150,000; insurance about $50,000. The Republicans of New Jersey have nominated William A. Newell for Governor. The platform heartily approves the policy of President Hayes, and favors the early resumption of specie payments. A Wilkesbarre (Pa.) dispatch of the 25th says that the striking miners have finally agreed to accept the compromise offered by the mine owners, and work will probably be resumed immediately throughout all that region. Gen. McClellan has accepted the Democratie nomination for Governor of New Jersey. The First National Bank of Cortland, N. Y., was recently robbed of a package containing bonds and other securities valued at $200,000, belonging to private individuals. No clew to the thief.

10. October 21, 1877 The New York Herald New York, NY
Article from The New York Herald, October 21, 1877

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CLAIRMONT SAVINGS BANK. AN ACCOUNTANT'S REPORT OF ITS ASSETS AND LIABILITIES-LARGE DEFICIENCY. The following is the long expected statement of the accountant employed to examine the affairs or the defunct Clairmont Savings Bank. It is not understood to be a final statement, but is subject to ulterior corrections should any change occur in the value of securities or from any other cause. The total deficiency is shown to be nearly $90,000; the remaining assets only $72,000 with which 10 settle debts amounting to over $161,000. The loose way in which the bank was managed may be seen from the items of "overdrafts of accounts" and "cash items held as cash, under which head over $24,000 of doubtful paper was counted as cash. THE STATEMENT. General H. A. SMALLEY, Receiver of the Clairmont Savings Bank, New York:SIR-The following statement of the Clairmont Savings Bank I present to you as showing its condition at date of closing, September 15, 1877 (inclusive), as per my examination of its books and vouchers. I submit 11 as a statement prepared from my rough notes, and subject to verification in rewriting them. The schedules are all substantially correct. It is proper to state that the books of the bank have been taisified and much left out of them which necessitates search through many auxiliary books, memoranda, vouchers, &c., and the analysis of each transaction brought to its proper place in the accounting schedules will be properly prepared and the whole statement and recapitulation will be duly handed to you later. Respectfully submitted, C. H. W. SIBLEY, Professional Accountant. NEW YORK, Oct. 20, 1877. Liabilities

11. October 21, 1877 The New Orleans Daily Democrat New Orleans, LA
Article from The New Orleans Daily Democrat, October 21, 1877

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Defunct Savings Bank. NEW YORK, Oct. 20.-The report of the condition of the de unet Clairmont Savings Bank was presented by the expert accountant to the receiver to-day. It shows as follows: Total liabilities, $1 612 604 75, Gold assets, $719,138; bad and doubtful assets, $893,466. Nominal deficiency therefore, $893,466, and it mav be more than this amount. The report states that th books have been verifled, and on the day that the bank was closed some person pocketed $1000 from the cash drawer, no trace of which can be found.

12. October 30, 1877 The New York Herald New York, NY
Article from The New York Herald, October 30, 1877

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THE CLAIRMONT SAVINGS BANK. An order was granted by Justice Pratt, Supreme Court, Kings county, yesterday directing the receiver in the case of the defunct Clairmont Savings Bank to pay the surplus in his hands to the receiver appointed by the Court.

13. December 15, 1877 Essex County Herald Island Pond, Guildhall, VT
Article from Essex County Herald, December 15, 1877

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SUMMARY OF NEWS. Eastern and Middle States At Pittsburg, Pa., six men were found guilty of taking part in the riots during the recent railroad war and were sentenced to various degrees of punishment, the lowest sentence being six months imprisonment in the workhouse and fine of $500, and the highest six years and ten months in the ponitentiary and a fine of $5,000. The president of the suspended Clairmont Savings Bank, of New York, charged by the receiver with perjury and other acts that will tuake him amenable to the civil and the criminal law. At Enfield. Mass, E. E. Cabot was bitten by & sat last September, and the other day he died from its effects. Oswego, N. Ý., the Congregational Church, and a house and barn adjoining, were destroyed by fire. Loss, about $14,000; insurance, 88,500. The suit of the city of New York against Richard B. Connolly, one of the ring robbers, terminated suddenly, by defendant's counsel confessing judgment, which was accordingly found against him. The suit was for the recovery of over $8,000,000. Pending an examination into its condition, the Wolfborough (N. H.) Savings Bank has been closed. Three miners, named Carroll, Quigley and Martin, were killed by the caving in of a section of the Mount Hope iron mine at Rockaway, N.J. At Reading, Pa., E. P. Boas, late cashier of the suspended Reading Savings Bank, was arrested on the charge of misappropriating the bank's funds. The dead body of Francis Copentt, a wealthy New York business man, was found in bed at his apartments on Fifth avenue, with the face lying in stew pan containing acids and chloroform. It is supposed he was suffocated while inhaling the chemical vapors with the intention of obtaining relief from the pain of 8 nasal cancer. Hon. John H. Burleigh, an t-Congressman, was killed at South Berwick, Me., by his horse going off bridge. The village of Millerstown, Pa., was partially destroyed by fire, several blocks in the business center going down before the flames. The New York police made raid upon the unlicensed liquor dealers of the city, and arrested over three hundred of them. Greenbaum Brothers & Co., New York bankers, have failed with liabilities estimated at $250,000. The National Exchange Bank of Troy, N. Y., failed. has Harvey N. Thorpe was hanged at Auburn, N. Y., for killing William E. Howard (colored) in September, 1876. The murderer and his victim were both convicts in the Auburn prison at the time the crime was committed. Allen Congdon, of Westfield, Mass., aged four years, died after three days' sickness, caused by the bite of a Spitz dog, received six weeks ago, and the doctors pronounced the case one of genuine hydrophobia. The board of education of New Haven Conn., have resolved, by vote of six to three, to dispense with religious services in the public schools The following are the Democratic pluralities for New York State officers as declared by the board of State canvassers Lieutenant-Governor- Beach, 11,264 Comptroller-Oleott, 36, 111 Attorney-General -Schoonmaker, 11,541 Treasurer- Mackin, 13,657; State Engineer Seymour, 85,164. As two men named Tower and Long were driving across a railroad crossing near Milford, Mass., their vehicle was struck by a passing train and one man was killed and the other fatally injured. Sunday, the 9th inst., was a memorable one in the history of liquor selling in New York. as the previous three days' excitement caused by the arrest of large number of liquor dealers for failures to produce licenses culminated in the arrest of several hundred more and the shutting up of all the saloons in the city. Western and Southern States. About two years ago Lyman Blackman, a farmer living near Beamington, Mich., deeded his farm to his son Henry, on condition that the latter should support his parents and his sister. The son failed to keep his agreement, whereupon his father started for Pontiac to take out the necessary papers revoking the deed. While he was away Henry quarrelled with his mother and sister and shot them both dead. after which he set fire to the house and barn. The murderer was arrested and lodged in jail at Pontiac. Benjamin F. Godfrey. aged nineteen, was engaged to be married to Miss Nellie E. Win ninger, both of Norfolk, Va. A quarrel arose between them, and the young lady refused the young man' company from church, whereupon he went to saloon, got drunk and procured a revolver Then he went to Miss Winninger residence and asked to see her. Upon her appearance in the hallway he raised the revolver and fired, instantly killing her, and then shot himself, inflicting mortal wound. The steamer Lotus, while on her way from the Red river to New Orleans, caught fire, and the passengers and crew were compelled to jump into the water to escape burning to death. Eight persons were drowned and two met death in the flames. The rest were picked up by a passing steamer. The town of Athens, Ohio, was partially destroyed by a fire, which began in bakery in the business part of the town. The total loss is $60,000, on which there is an insurance of about $6,000. The Indians in the Black Hills region completely surrounded the city of Deadwood, and a force of United States troops was sent to the relief of the people. The German National Bank of Chicago has failed. The directors announce that they will be able to pay depositors in full. William S. Bergen, who murdered Thomas J. McBride. hotel keeper, in June last, was hanged at Mount Vernon Ohio. When the drop fell the noose slipped and Bergen dropped heavily. half strangled. After fifteen minutes delay Bergen was again placed on the scaffold and this time was launched into eternity. Most of the business portion of Otsego Mich., was destroyed by a fire. A number of men who took part in the Balti more riots during the railroad war have beer sentenced to three and eight months' imprison ment. Applications have been made to have a re ceiver appointed for the German Savings Banl of Chicago. A detachment of the Eighth United State Cavalry entered Mexico in pursuit of a body o cattle thieves at d marauders, and after ter days' scout the soldiers came upon a camp o g Indian distillers of mescal. The troops charge g upon the camp, killing two Indians, wounding three more and putting the rest to flight. Th tents and other articles found in the camp wer a destroyed. Cochran & Fulton's whiskey house in Louis ville, Ky., caught fire and was destroyed, th burning whiskey running into the street and filling the gutters. Other buildings were dam aged also, and the loss inflicted amounts t several hundred thousand dollars At Fountain Bluff township, III., Charle Mulrich shot and instantly killed his wife an then blew his own brains out. Domestic dif ficulties led to the crime. From Washington. The public debt statement for Novembe shows decrease in the debt for the month o $1,323,634.63, and the following balances in th treasury Currency, $8,816,396.39 specia fund for redemption of fractionel currency $9,806,002 special deposit of legal tenders fo y redemption of certificates of deposit, $36,055, 000 coin (including coin certificates, $82, 391,400), $133,970,214.48 outstanding lega tenders, $351,340,288 amount due militar establishments $4,500,000. The payments made from the treasury b during the Novemer.

14. December 26, 1877 The Forest Republican Tionesta, PA
Article from The Forest Republican, December 26, 1877

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'Π»Π΅Π»Π΅Ρ€Π»ΠΈΡˆ our poora UTILA committing his bloody deed, had attemptburn the dwelling by starting a fire in the with k rosene, but the woodwork was red only. John Ten Eyck, colored man, arrested for the murder, several suspicious mst nees leading to the belief that he had nitted the crime, the object of which was ery. ter B. Sweeny, in prominent member of the d ring, transferred real estate in New to a wide named Bradley. The property made over is valued at a million dollars. onsiderable conjecture is around as to the e of the transfer, ench Republican deputies, to the number 20. have resolved to vote no taxes if PresiMacMahon does not conform to the es of the majority, and 1,500 merchants nanufacturers have appealed to him to in view of the threatened of trade. e Workingmen's party will soon hold a ress in Newark, N. J. Pittsburg, Pa., six men were found guilty king part in the riots during the recent ad war and were sentenced to various deof punishment, the lowest sentence being ouths imprisonment in the workhouse a fine of $500. and the highest six and ten months in the penitentiary and a '000'9$ J 3 president of the suspended Clairmont gs Bank, of New York, is charged by the er with perjury and other acts that make menable to the civil and the cr minal law. Enfield, Mass., E. E. Cabot was bitten by last September, and the other day he died its effects. Oswego, N. Y., the Congregational ch, and a house and barn adjoining, were oved by fire. Loss. about $14,000 insur$8,500. suit of the city of New York against rd B. Connolly, one of the ring robbers. nated suddenly, by defendant's counsel ssing judgment, which was accordingly against him. The suit was for the re*000'000'88 1940 JO 4 ding an examination into its cordition, Volfborough (N. H.) Savings Bank has closed. ee miners, named Carroll, Quigley aud 0, were killed by the caving in of a secof the Mount Hope iron mine at RockT 'N P. Boas, late cashier of the suspended ng Saving Bank, of Reading, Pa., was ed on the charge of misappropriating the of the institution. ncis Copcutt, a wealthy New York imr, was found dead in his apartments on avenue, with his face thrust into a stew ontaining acids and chloroform. It is ed. that he was treating himself for a cancer, and was suffocated before he summon assistance. New York striking cigarmakers have dened upon starting a co-operative factory apetition with the employers. r three hundred liquor dealers in New were arrested in one night because they not produce a license to sell. Congressman John H. Burleigh waskilled uth Berwick, Me., by his horse falling et bridge. , blocks in the business center of MillersPa., were destroyed by fire, and a large nt of property was burned. stern and Southern States. destruction to property by the floods rdy county, W. Va., will reach $100,000. have been swept completely away and eds of farmers are ruined. eight and four-year-old children of Eliza (colored), were burned to death at &, Mo., during the mother's absence. bodies of Capt. Ryan, sommander of the ed man-of-war Huron, and other officers een recovered, nt two years ago Lyman Blackman a living near Beamingham, Mich., deeded mi to his son Henry on condition that ter should support his parentsar sister. on failed to keep his agreement, whereis father started for Pontiac to take out cessary papors revoking the deed. While away Henry quarrelled with his mother ister and shot them both dead. after he set fire to the house and barn. The rer was arrested and lodged in jail at 'o amin F. Godfrey, aged nineteen, was d to be married to Miss Nellie E. Winboth of Norfolk, Va. A quarrel crose n them, and the young lady refused the man's company from church. whereupon it to a saloon, got drunk and procured a er. Then he went to Miss Winninger's ice and asked to see her. Upon her apce in the hallway, he raised the revolver ed. instantly killing her, and then shot f, inflicting a mortal wound. steamer Lotu-, while on her way from d river to New Orleans, caught fire, and assengers and crew were compelled to into the water to escape burning to Eight persons were drowned and two ath in the flames. The rest were picked steamer... Dassing 1 town of Athens. Ohio, was partially deI by a fire, which began in a bakery in siness part of the town. The total loss ,000, on which there is an insurance '000 98 in German National Bank of Chicago has its doors. The directors say they have ant funds to pay depositors. Indians completely invested Deadwood, Black Hills, and a force of United States was sent to the of the people. -dope aug the new State constitution and the

15. December 27, 1877 New-York Tribune New York, NY
Article from New-York Tribune, December 27, 1877

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NEW-YORK SUSPENDED SAVINGS BANKS. ALBANY, N. Y., Dec. 26.-Justice Ingalls has issued an order, on the application of the Attorney-General, dissolving the Mechanics' and Traders' Savings Institution and the Clairmont Savings Bank, both of NewYork. Judge Landon has appointed E. M. Tompkins receiver of the Rochelle Savings Bank. Robert Hoe, Stephen D. Tucker and George G. Hallock have been appointed joint receivers of the Oriental Savings Bank by Judge Osborn. The receiver of the Clinton Savings Bank, of NewYork City, has made his report to the Supreme Court, and Judge Landon has issued an order thereon, directing the receiver to pay a dividend of 25 per cent.

16. December 27, 1877 The Sun New York, NY
Article from The Sun, December 27, 1877

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The Broken Savings Banks. ALBANY Dec. 26.-Justice Ingalls has issued an order on the application of the Attorney-General dissolving the Mechanics' and Traders' Savings Institution and the Clairmont Savings Bank, both of New York. Judge Landon has appointed E. M. Tompkins receiver of the Rochelle Savings Bank. Robert Hoe, Stephen D. Tucker. and George G. Hallock have been appointed joint receivers of the Oriental Bank by Judge Osborn The receiver of the Clinton Savings Bank of New York city has made his report to the Sur reme Court. and Judge Landon has issued an order thereon, directing the re. ceiver to pay a dividend of 25 per cent.

17. December 27, 1877 The New York Herald New York, NY
Article from The New York Herald, December 27, 1877

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SAVINGS BANK MATTERS. ALBANY, N. Y., Dec. 26, 1877. Justice Ingalls has issued an order on the application of the Attorney General dissolving the Mechanics and Traders' Savings Institution and the Clairmont Savings Bank, both of New York. Judge Landon has appointed E. M. Tompkins receiver of the Rochelle Savings Bank. Robert Hoe, Stephen D. Tucker and George G. Hallock have been appointed joint receivers of the Oriental Bank, by Judge Ossorn. The receiver or the Clinton Savings Bank, of New York city, has made his report to the Supreme Cours, and Judge Landon has issued an order thereon. direct. ing the receiver to pay a dividend of twenty-five per tent.

18. January 2, 1878 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, January 2, 1878

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Eastein and Middle States. The New York baby show wound up by the distribution of prizes to the winning mothers and infants, at Steinway Hall. The mothers who did not win prizes were excluded from the hall by the manager, but they gathered before the building and loudly and vigorously protested, asserting that he had swindled them with promises which he did not keep. The manager discreetly escaped by back door. Hon. Henry L. Pierce, the citizens' candidate, was elected mayor of Boston over Mr. Prince by 150 majority. The board of aldermen elected consists of six Republicans and six Democrats. Six prisoners escaped from the Kingston (N. Y.) jail by sawing the bolts and locks off the doors. The Homestead Fire Insurance Company of Watertown, N. Y., has been ordered by the insurance superintendent of the State to close up its affairs on account of a heavy impairment of its capital stock. A fire at Bethel, Vt., burned out several business firms and private families. Damage, over $23,000; partially insured. A cat show has been opened in New York. A fire at Beringer City, Pa., destroyed the Beringer City Hotel and the bu Idings. A. B. McCartney, a guest *topping at the hotel was burned to death, while the other guests nar rowly escaped like fate. Barney Donohue, the leader of the Erie. railroad strikers last August, was sentenced at Bath. N. Y., to three months' imprisonment on the charge of conspiracy against trade and commerce. The Tannton Savings Bank, of Taunton, Mass., has suspended. A fire in the dye house of the York Manufacturing Company at Biddeford, Me, caused damage amounting to $25,000; fully insured. Two colored men, named Samuel Chambers and George Collins, were found guilty of assaulting white woman, at Middleton, Del., and were sentenced to be hanged. Miss Bertha Von Hillern walked 150 miles in fifty consecutive hours at Philadelphia A new telegraph company, with a capital of $10,000 000, has been formed in New York city. The New York State superintendent of banks has requested the attorney-general to institute proceedings towards closing up the Oriental Savings Bank, of New York city. John Kintzler and his wife, both of them over seventy years of age, were murdered in aly-populated part of Snider county, Pa., where they lived in an old log house. Their occupation was telling fortunes, and on the night of the tragedy some of the neighbors heard shots, and soon after observed the house on fire. On investigation the bodies of the two were found, burned almost to a crisp, while soveral circumstances led to the belief that they had been shot before the house was fired. An indictment was found against Sherman Broadwell, late president of the broken Clairmont Savings Bank of New York, and he was arrested. The charge against him is perjury, on swearing to the bank's condition. At Whitehaven, Pa., twenty-three persons were dangerously poisoned by eating liver pudding that had been boiled in copper kettle. A native of Ireland, named Edward McGovern, died in New York at the patriarchial 109 of years. age Three business blocks in Laconia, N. H., were destroyed by fire, causing a loss of about $10.000, on which there 18 $7,500 insurance and the Forest House, one of the principal hotels in Scranton, Pa., was the scene of an exciting fire, many of the guests having & narrow escape from suffocation. A colored baby show was opened in Gilmore's Garden, New York. Seventy-nine babies were on exhibition and competed for the various prizes. A coal oil car on the rack of the Erie railroad at Paterson, N. J., caught fire, and the burning liquid ran into the streets, communicating the flames to several buildings some of them half mile away. A number of houses, barns and stables were destroyed Eight men were convicted in Wilkesbarre, Pa., of rioting last September, during a strike, and were sentenced to various terms of imprisonment and to pay fines more or less large. The seventieth birthday of Whittier, the poet, was commemorated by a gathering of prominent literary men at a dinner in Boston. Western and Southern States. According to incomplete returns from the cotton-producing States, the cotton crop this year will not be 80 large as last year, on account of heavy rains and killing frosts. The suspension of the Simpson Bank of Lawrence, Kansas, the oldest banking house in the place, is announced. The directors of the German-American Bank of Chicago decided to suspend payment and go into liquidation A memorial hall, to cost not less than $200 000, IN to be erected in Indianapolis, to commemorate the late Senator Morton. The California Legislature has passed a resolution calling upon Congress to levy a ax of $250 on each Chinaman immigrating to the United States. John W. Garrett bas been re-elected president of the Baltimore and Ohio railroad for the twentieth time in as many consecutive years. The two children of a coal miner named Dennis, living at Benwood, W. Va., fell into a tub of boiling water, and one died instantly while the other was fatally scalded. An entire block of buildings was destroyed by fire at Helena, Ark. Loss, $46,000. The Indians near Florence, Arizona, are killing and depredating. Troops have been sent in pursuit. J. D. Easter & Co., of Chicago, manufacturers of agricultural implements, have suspended, with liabilities placed at over $500,000. Two thieves at Tackville, Ala., were pursued by citizens, caught and killed. The border of Texas was the scene of a fleroe fight between State troops helping the civil authorities and band of several hundred Mexicans. The State troops were intrenched in the town of San Elizario, which was beseiged by the Mexicans, who were present in large force. Six of the State troops were killed. Governor Hubbard, of Texas, sent the following dispatch to President Hayes am officially informed that citizens of Mexico, in connection with citizens of El Paso county, Texas, of Mexican birth, were fighting all day yesterday in Texas with detachme of State troops who were aiding our civil authorities. The Mexican force being too strong to be repelled by Texas troops and it being impossible to raise civil posse from the citizens, who are nearly all of Mexican blood and sympathy, and having no re-enforcements within several hundred miles, ask tue aid of such United States troops as may be nearest to the scene of action to repel the invasion of our territory. The origin of hostilities seems to have been dispute in regard to the ownership of certain salt pits in El Paso county. The President ordered several companies of United States regulars stationed in the neighborhood of the scene of warfare to proceed to the assists of the State troops and aid in repelling the invaders of American soil. The Democrats of the California Legislature nominated J. T. Farley for United States Senator, the nomination being equivalent an election, as they have majority in both houses. The boiler in the oat meal manufactory of Stewart & Douglass, at Cedar Rapids, Iowa, exploded, causing damage amounting to $20,000. From Washington The Senate finance committee at a meeting considered Mr. Wallace's bill authorizing the issue of one hundred million dollars' worth of four per centum sixty year bonds, in lieu of the four per centum bonds now authorized by law, the long bonds to be of the denominations of twenty -five, fifty and one hundred dollars, and to be issued for the investment of savings. The bill further provides that the coupons shall be payable either in legal tender notes or in coin, at the option of the government, and that the money received from the Sale of bonds shall be applied to the redemption of the five-twenty bonds. The committee did not take tinal vote on the bill, but the discussion developed the fact that the committee will probably report it

19. December 14, 1879 The New York Herald New York, NY
Article from The New York Herald, December 14, 1879

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WHO KNOWS? To THE EDITOR OF THE HERALD:Is it not about time that Receiver Brooks gave the depositors a statement as to the probabilities of s dividend from the assets of the late Clairmont Savings Bank, which suspended over two years ago? A VICTIM. To THE EDITOR OF THE HERALD:I am a depositor in the Third Avenue Siviugs Bank. I received a dividend of fifteen per cent in 1876 and am auxious to know if there is any prospect of my receiving any more money in return for the $700 I threw away by depositing it? CONSTANT READER. To THE EDITOR OF THE HERALD: I am one of the many unfortunate victimy who had their earnings in the following broken banks:Mechanics and Traders' Savings Institution, 283 Bowery, and the Sixpenny Savings Bank, Astor place. I and my unfortunate fellow suffering depositors would feel most grateful if you could throw some light on when we are going to get auother dividend from the above banks. Should one be declared now, when the holidays are coming. it would bring much cheer and happiness to many T. F.O. poor homes.

20. January 23, 1882 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, January 23, 1882

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THE profession of receiver is a good one in New York. The Herald gives what it calls "an outstanding exhibit" of 21 savings banks which have failed within the last 10 years in that city, all but three of which are still in the limbo of the courts. The exact figures were not accessible in every case, and there are supposed to be considerable fees accrued which are not yet reported; but 16 of these broken banks-the Abington Square, Bond Street, Bowling Green, Clairmont, Clinton, Central Park, German, German Uptown, Guardian, Market, Mutual Benefit, People's Teutonia, Third Avenue, Trades and Yorkville-have thus far yielded to the depositors an aggregate of $4,099,627.52 and to the receivers a sum total of $792,095.48. The last mentioned class are also likely to take pretty much all there is left.