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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Dec 09, 1890
Page
1
Citizens confront a bank failure with liabilities around 550000 and assets near zero. Assignees Hackins and McClintock report CDs offered at 25 cents with no buyers, while Senator Delamater vows to address the wreck and appraisers prepare the final tally.
The closing left many victims, including Koorr Bros. who deposited 500 to pay workers, Delamater friends hopeful for dollar-for-dollar recovery, and teachers with 5250 in small sums. Widows and numerous small depositors face losses amid speculation over hypothecated railroad bonds and city ties to the firm.
A staff correspondent reports Senator Delamater refused comment on Philadelphia rumors. He defends a 5000 dollar Keystone National Bank check, vows to face legal remedies, and plans to repay debts while leaving politics for private life. Bank failures and local figures cited, with five banks still solvent.
A $200,000 bond was entered in Cambria County against Delamater & Co in favor of State Treasurer Boyer. An Erie dispatch states Ex-State Treasurer W. B. Hart for the use of H. E. Boyer entered judgment in Erie against the Delamater principals and sureties for the same sum.
Cashier Livey in the State Treasurer's office returned to Harrisburg after a Sunday at home. He said he had not seen Mr Boyer since Friday and offered no new information about the alleged failure.
The State held $100000 in Delamater's bank as Mr Boyer warned of being "shomped" for it. Livzey said no new failure information. Livesey once as State Treasurer was exposed for $20000 in a similar scheme and three men in the position left with their skins intact while others took losses.
Special telegram from Harrisburg reports Governor Beaver and the State’s top officials as trustees of the State Library discuss the law governing deposits and the sinking fund. Beaver praises current safeguards, outlines bond redemptions and profits, and discloses fund receipts and disbursements for the year ending November 30, 1890.
A Washington dispatch reports strong denunciations of Senator Delamater by his political allies in Philadelphia. It claims he swindled friends to the tune of 23 000 with Quay liable for the debts and notes the Times will scrutinize his failure and alleged refusal to repay loans.
Washington set today in bitter debate over the elections bill. Senator Hoar proposed voting on the bill next Friday, drawing Democrats’ ire as Gorman warned of a looming financial crash and urged action to avert calamity. Congress also tackled banking, pawnbrokers, and school books aid for District children.
The Supreme Court upholds the Circuit Court decision denying Clifton Holden a writ of habeas corpus. Holden was convicted of a murder on November 23, 1888, and a 1889 statute restricted hangings to solitary confinement, limited attendance, and barred newspapers from printing more than a brief statement of the hanging.
Washington McLean formerly of Cincinnati and founder of the Cincinnati Enquirer died at his Jackson Place home in Washington tonight. He aged 74, had suffered general debility with a protracted illness starting in June after a stay at Deer Park Maryland. He returned to Washington in September and showed improvement before a long confinement and periods of unconsciousness.
In Washington on December 8 the House passed a bill providing a tobacco stock tax rebate equal to the internal revenue tax reduction under the last tariff bill. McKinley said the measure mirrored section 30 of the tariff bill. Mills of Texas affirmed it was all right, and no opposition followed.
The annual report to Congress urges amendments to the common carrier law. It calls for explicit duties to receive forward and deliver via through traffic, civil remedies applying to corporations, service of criminal process on firms, witness subpoenas, and enforcement across districts. It also seeks reports from carriers and related agencies to broaden oversight.
The House committee reported back the Enloe resolution seeking the arrest of George Minot, a doorkeeper, for allegedly violently blocking Enloe’s exit during a House call in August. The panel found no action by the House and the resolution was laid on the table without objection.
Representative Taylor of Illinois introduced a bill to appropriate 4 million dollars for a public building in Chicago on the present site with a deadline that it be ready for occupancy by January 1, 1893.
Roberts Cushman Co hatters materials dealers at 175 177 Greene street and Lyons France assign to Charles Stone Sandy Hill a former partner. Creditors named include The Factory Point National Bank and The People's National Bank with support from Myra Sinclair Christopher Roberts and others. Edward Roberts valued at about $1 million in outside assets.
The coroner finds Isaac M. Jordan died from a skull fracture after falling down an elevator shaft. Elevator boy John Dorey is found guilty of criminal carelessness for not properly abutting the door. The report urges replacing loose hiring practices with a system of skilled, competent operators.
A banner day in Washington as the House passed drastic legislation led by the Atkinson railroad bill. It grants the Pennsylvania Railroad sweeping control over city streets, followed by another measure favoring a major corporation.
The first cold wave of the season reached the area around Arkansas City Kansas with a 10 above zero low. Boomers awaiting the opening to settlement faced suffering as exposure took a life, Anus Beewitt, a boomer, died.
Parnell vows to lead the Irish movement against seceders. He plans to address Dublin and Cork voters, await Kilkenny race results, and rejects rumors of firearms. He cites telegrams of support from Ireland and the US and notes an appeal from William O'Brien. a U.S. lecture offer is declined.
Berlin authorities order hotels and apartments housing consumptives treated by the Koch process to be disinfected like diphtheria wards or lose their rental licenses. A new rule requires all patients to register at the nearest police station as Berlin faces unusual mortality from consumptives arriving in the city.
The Emperor has tasked Baron Falkenhausen to study diphtheria cures attributed to the Silesian peasant physician Reiger. Falkenhausen cites his own children saved by the remedy and plans an extended report supported by numerous testimonies attributing cures to Reiger’s method.
The Hungarian International Socialistic party in Bupa Pests holds its first congress and issues a manifesto demanding abolition of child labor, free education, and the people's right to bear arms.
The item reports Cardinal Ramhoela sending notes asserting the Catholic Church is not hostile to any form of government. It mentions GC and W. Butterfield, an American promoter accused of libeling Harry Marks of Financial News, with The Times noting international financial aid for New York amid unrest. It also covers Mozambique rebels, a bombing at Massikesse, Nihilists in St Petersburg, and M. Stanley defending England via cable.
A December elopement ends in Jennie Lord fleeing in bridal robes with Asa McElroy and Samuel Swine. The couple marry aboard an Erie train near Campbell Hall and head west, leaving behind a gold watch and valuables. Parents favored a different match for Jennie, a 19 year old, but she chose her lover and possibly California.
In Albany on December 8, reports recount the Abbott case. The suicide and discovery of massive defalcation prompted a $2,000 subscription drive for his widow and five-orphan family. Sage & Co. faces nearly $200,000 in losses, far above initial estimates, with the fraud spanning years as peers warned but action was delayed.
Deland Fla Dec 1 Special Telegram to the Dispatch H. S. Taintor was arrested for forgery. He registered at the Putnam House three weeks ago and used checks drawn on the Second National Bank of New York signed by Charles N. Taintor who he alleged was his father. The first check bounced and was deemed forged. He claims to be S Thatcher of 58 Third Avenue New York and says he is 18 years old and has a wild past but no prior crimes.
Louis B. Sanborn, noted Methodist youth, left the city after forging paper totaling over £30,000. He signed his departure to his mother. Liabilities exceed $100,000 with at least $31,000 forged by inflating his own indorsed notes from $500 to $7,000. Paper discounted at Bay City and other locations. local business not affected by the failure.
In Curiaco on December 8, Celestina Martell the French Canadian woman who recently shot and killed Patrick Brennan a packing house worker is in custody at the stockyards police station.
Detroit dispatch reports opening day of the National Federation of Labor where President Gompers clashes with Socialists led by Saniel of New York. Saniel argues the case for representation, but the committee and delegates show strong opposition. outcome to be reported tomorrow.
Miss Jennie Barrows wed Morris Weinstein one month after her fiancé Benjamin Robinson abducted her. Robinson returned at the ceremony and was ordered from the house as Barrows sobbed quietly while the clergyman performed the marriage. Weinstein stood by as the couple became man and wife.
A surveying party from Montreal led by H Erwin G Austin P Houghton and Arthur C Cashball works along the Niagara River bank at Niagara Falls to locate a route for a new bridge. Locals expect the bridge to serve the Canadian Pacific Railroad with property on both river sides already bought and about 18 lots taken.
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