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Harrisburg Telegraph from Harrisburg, Pennsylvania • Page 4

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Harrisburg, Pennsylvania
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4
Extracted Article Text (OCR)

DAILY TELI1RM HABBISBUSG, WEDNESDAY, OCTOBER 18, 1876. TlnffnKTtST'ro ADYBKTISSKS. The IEI.EGKA.rH circulates 8,000 a antes osr dm, la tbls city, in addition Its rery large railroad ana man cir alatloa. TDMODT! TORN OUT Beplcais Bt Hanilnie. And all others, favorable of to the election Haye Are requ Are requested to join iaa Brai loicilll nil ON Fridsy Evening, Get, 20.

Bailj, Belli, EepMicsis! Kepublican meetings, under the bus nf ihn "liernihliwm County Com' V.ittnf. will he held at tho times and places following (1 TlnrriahiirK Kritlav eVSlimiT. Ji3t. wn. Bartholomew.

Hon. John W. KUliDger. Milleraburg, fcUlurday eveniDg, 01 Rati J. Herr.

Oct. Linglestowu, Thursday evening, Oct, "6. rwrtr flhiirnh. 5 o'clock. Friday after noon, Oct.

27. Hon. J. W. Ktllinger, Hon.

A. J. Herr. Lykens Borough, Saturday afternoon, Oct. 2Kch Hon.

VVm. Kelley, Hon. TAhn W. TCillineer. Hon.

Ij. V. Hall. Foltz's Btore, Tuesday evening, Oct. 30 wimnmafrtivn.

Friday evening, Nov. a ttnn W. Killinsrer. Baldwin, Patarday evening Nov. 4.

Milleraburg, Saturday evening, Nov 4. Harrisburg. saturuay evening, nuv. Wr Oov. Pollock.

Hon. W. HaM. The local comnaitteea will make the nonnannrv arrangements for the meet ings M. W.

M'Alakney, Chairman. Youko Men's Republican Club There will be a meeting of the Young Men's Republican Club on Wednesday evening, October 18, at 7 o'clock. Every member should be present. Arrange ments for Friday evening's parade will be announced. John C.

Hebman, President. VV. C. Fx x. Secretary.

Republican City Executive Com mittee. A meeting of the Kepublican City Executive Committee will be held at the orphans' court room on this (Wednesday) evening at 7:30 A full attendance is desired. By order. S. Child, Chairman.

H. W. Scott, Secretary. Shoulder to Shoulder. Forward, March.

The Bepublicans of the 9th ward will meet at Elias Boyer's hotel, corner Eleventh and Market streets, on Wednesday evening, October 18, at 7 o'clock, for the purpose cf organizing a Hayes and Wheeler club. Let there be a fall turn out. By order cf Executive Committee. Fib st Ward. Tho Republicans of the First ward will meet this (Wednesday) evening at Brinton's store, corner of Dock and Raca streets, at seven o'clock sharp.

very Republican is expected to be present. Eighth Ward. The Republicans of the Eighth ward will meet in the Bethel church. Short street, on Thursday evening, October 19, at 7 o'clock, for the purpose of organizing a Hayes and Wheeler club. A full attendance is requested.

2t Ward. The Republicans of Second ward will meet this evening at Second and Mulberry streets (Lingle's Building), at 7 o'clock, for the purpose of organizing "a campaign club. By order of the committee. Must bs Paid in Advance. The Telegraph office will, hereafter, make no book entries of transient advertising.

All such matters must be paid in advance. Transient advertisements sent In, unaccompanied by the money, will be thrown into the waste basket. Don't Ask tia to trust. We cannot do it. Prime chestnuts sell in at twelve cents a quart.

our markets The markets to day were largely attended by both buyers and sellers. The Bedford County Press says: "Corn and potatoes will be taken on subscription at this office." Since our last report there were five vagrants and three inebriates, and disorderlies before the Mayor. All were discharged except one of the latter, who was committed for a further hearing. A meeting of the depositors of the City Bank has been called for to morrow evening at the Odd Fellows' hall. None but depositors will be admitted, and all such should take their books with them.

Birth Raie for September. From Dr. Paul A. Hartmsn, health officer. we obtain the following statement of the births in this city during the month of September: Male, 42; female, 3678 White, 71; colored, 778.

Stillborn, living, C9 78 It Should be Enforced. The ordinance prohibiting fast driving through the streets of the city bhould be enforced more strictly than it has Veen. Scarcelv a day passes that some one doesn't make a narrow eecapo from iDiuryand death in this way. this morning a Hearing was nad in the ease of Wm. Van Horn, charged with the larceny of a dress coat from a Pullman Sleeping car, at the Penn sylvania railroad depot, on Friday morning of last week.

After hearing the evidence, ine Juayor commuted, tne defendant, in default of $300 bail, to answer at ine next term oi court. Charged Wmi Pocket Picking, This morning on the arrival of the fast line from the west, a passenger named o. II. Parsons, or J4ewburyport. Ohio, while getting out of the car felt some person reaching over his arm and into bi3 inside vest pocket where he carried his pocket book, containing awutuuo uuaurea ana nt teen dollars.

He called out that he was robbed, and Officer Hippie entered the car, and ar resieu a young man named John Wilson as the thief, who was subsequently identified by Mr. Parsons aa the man he defected with his hand in his pocket. Wilson asked Mr. Parsons at the depot if he would take one hundred dollars In lieu of what he lost. The latter said he would, when Wilson counted out the money, and Officer Hippie said he would not compound felony and escorted his man to the Mayor's office.

At the hearing Wilson claimed that he was not the thief, and that he offered to pay the hundred dollars only to save himself from disgrace and avoid being confined in the lockup. The Mayor did not seem to view the matter in that light, and committed the defendant for trial in default of $600 bail at the next term of court. Wilson is a well dressed and rather gentlemanly looking individual, but from tho manner in which he interrogated tho witnesses there was no doubt iu tbe minds of those present about bis being a professional. and Heeler, Halifax, Wednesday evening, Isov. 1.

Highspire, Thursday eveniDg, Nov. 2. Hummelstowa, Thursday evening, CITY BANK AFFAIRS. COMPLETE EXHIBIT Harrisburg, Oct. 14.

187G To Metsrs. Hubert L. Muench, E. O. Dare and John Till, Committee of Depositors ana vreauors of the Vityisanx uehtlk men pursuant to appointment, receivcu from with instruction a to "in short, learn ana report that may be of value or interest to the depositors and creditors, or that may explain in any way the alleged defialca Hon, wnetner ui ewmo io irregularities in keeping accounts, or otherwise, it being the desire of the committee to luiiy sec ioriu 10 ine depositors and creditors all that can be learned as to the mangement of the bank," we have made as thorough an examination as time and circumstances would permit, and now offer the following report as to the condition of the said bank at the time of its suspension, and its management previous to that rtate Liabilities of City Bank at Close of Busi ness September st: Balance due on 186 acceun's of trans lent depositors iAB Bamnce due on 723 savings accounts 13b 387 It.

Certificates of deposlcsoutstaLdlng 585 lnnumosr miaio (lthonored orates, as far as reported. i DueLyeoming National Bank by Due People's Bank. lit 3a Du9 western national mm, bmu Returnable'cerHneates ouVstand ing. Dae Stateot Pennsylvania, taxfor 184. Due United States tax on capital and deposit Add capital stock nearly as can ba 1C4 76 62 45 82 50 930 (.0 ascertainea including amount neia uy.

John A Bigler.for wfiishheoiresnoie of 22 075 CO Assets of City Bank September 1876, at Close of jtsusiness. Good, bad and Indifferent, put down at nnat. aa ahowinsr wnere auu now me moneys oi me nans were uivbiuju Bills receivable, in suit. It ATdlll.lVA AT (1 1 1 1 1 II M.I.IIII1?! Ml UU1U1 a ill dW nnd 75 NotnsoT JohnA BUler i 4W ju N' ttsot Wgr ft Son 384.00U 0 hi atuw nun nn in mlviuks autuuuw overdrawn 11 Balance due on SO accounts, transient deoosits overdrawn 9,142 0 uueirom n.wi5wswi" Due from Wm. M.

Llojd Co I New 856 S3 (3 cerilli 47 20 nr. nninn National Bank. Phila delphia, as per account current 3,210 87 mtm b.nk. arrnnnd and building. aUeeed.

cost Fixtures, alleged cost pf 1 375 0j Vault alleged cost 7.380 0J 6 first mortgage bonds Turner cnurcu. Chamoeisourc ciu iu It shares old HarrisbnrK Passeneer cost 370 0J hnniia wbtm Manland Jf auroad Company par II.WJ, cost i.uuj uj 1 hnrM RuFrlahiiror ftahnnl Board nil 500. cost 503 CO 51 hares Harrfebirg Gas Company stock par $1350 cost 10 shares American Portable Gas Com 2,700 00 200 CO any par ii.uoo, cost onus Harrisburg and rotemac rail road com pan par 3J0, cost 3 coupons State oi Arkansas bo ads par 105, cost 25 shares Monte Christo Hold and Silver ml ti an company par 8500, cost 10J shares West Point Nickel plating compiny par 110,00 cost 15 snares Pacific and Atlantic telegraph 75 03 105 00 500 CO S500 00 375 CO anmnii.nv oar S375. cost. 3 bonds Wilmlcgton and Readlne railroad company deposited with Union National Bnk Cah in bank, as reported by assignees to Additional cash (see explanation further on) Individual indebtedness of P.

A. Keller, Cashier Union National Bank oi Poll 3.0C0 03 03 5C0 00 adelphi (see also explanation 12 66128 342 155 78 42 865 40 Deficiency of assets. S385 021 18 The deficiency of 142,865 40 we ae count for thus: From entries found on page 578. General dper it appears that ot moness beonging to the Bink there was expended for what is known as the Front street swamp lot, standin in the name of Jno. BJeler.

the sum of 4,000 00 And on his State street 10 we nave maae tsuouia'iuu, iroin which It appears that uring the pe riod irom January i. Jt Drnvious to which date tho books ef the bank throw verv HttH light upon the sub ject, to September 6, 1876, tbe date of its suspension, tbe interest received by tbe bank iaciuding interest on Blxler Son's nocrs (which was not actually paid, but lundea into new notes), exceeded the amount of inter est paid by the bank lust (26 032 53. DuMng the same period the expenses o' thenar, were W1.795 03. From all of v.hich it appeais that hid all the assets of the Dank been worn their cntt. there was stilt a net loss of 15.762 50 Dividends to tockholders, principally to Jona A.

raster, eay 21,102 so S42 865 40 Aside from the obligations of Jao. A. Bigler and Bigler Bon, which are worth whatever may be realized from the sale of their properties, the assets above specified are valuable to about the following extent, viz Bills receivable good S25.0C0 CO Recoverable on overdrawn 5 nc Iodebtedaeei of P. A. KeUer 12 661 28 Cash.

includiDs item of S500. 854 09 City Bank building appraised at Due from Union National Bank, Philadelphia Bonos Western Maryland railroad company Harrisburg school bond Harrisburg and Potomac railroad bond Harrisburg Gas company stock Wilmlnoton and Read Ing railroad bonds Si.rooi05 Pacific ana Atlantic Telegraph compa 20,010 00 3.210 87 1.0C0 00 00 75 00 2 700 03 1.0EO 03 175(0 122621 iy To tbls may now bs added bonds and sfooas valued at 18 080, which, since we began ourexaml atiou, have been tnrnud over to the astignees by Jno. A. Bigler (see copy of letter lurtber on la tbls report.) The said stocks and bond are as follows, viz: Bonds ot Pittsburg, Titusvilia and But falo railroad company $11,000 at 815.. 20 shares stojk Philadelphia and Beading lallroad company at 125 2 bonds Phtiadlpbla and Beading rail, road company 1100 each, at 175.

United State Government bond SL.Oi.0, at $118 Bonds of Giaoe M. ft. church 16 shares stock Harrisburg gas company at $50 $1,950 CO 500 00 150 00 1,180 on 500 00 803 00 80 306 24 The foregoing statements contain the following items of assets, discovered in the coarse of our investigation, not included in the inventory and appraise ment made September 12, 1876, by Messrs. Weir, Fahnestock and Cox, viz Bills receivable, good, most of them Since paid $2.278 70 Amount due from Union National Bank. 3 210 87 Cash soo oo Indebtedness of P.

A KeUer 12,66128 Wilmington and Beating railroad bonds $3,000, worth 1 050 CO Stocks and bonds turned In by John a. 8,089 00 Total good $27,780 85 Notes of John A. Bigler 19,40 10 BlUs receivable, in suit, mostly worthless 22,923 6 Total additional assets. $70115 81 To have ascertained the condition of any well ordered bank would have been a comparatively simple task. In such banks it is customary to have prepared, at least once a week, a statement showing the exact condition of the affairs of the institution.

We have been unable to ascertain that such a statement was ever made in the City Bank, and we doubt if its officers have known at any time during its history its precise condition. The accounts of the City Bank have been fearfully and wonderfully kept, and the preparation of the foregoing statements has involved a great deal of labor. It has required the examination of each individual account and the tedious tracing of hundreds of items through huge ledgers without indices, having hundreds of pages in succession without a single date as to the year, and frequently without headings to some of the more important accounts, and filled with almost unintelligible, unexplain able figures, the exact meaning of which could be ascertained from their connection with other entries in other places or in other books, which other entries, in many instances, could not be found. It is but fair to Messrs. Boude, Muench and Porter, clerks in the bank, to say that the books in their charge have been kept reasonably well, but the general accounts presided over by Messrs.

Big and Rbinson, vice president and cashier, surpass anything in the line of book keeping that we have ever witnessed. They afford abundant evidence of incapacity and willful neglect, and frequently of attempted concealment of what should have been plainly set forth. Tney appear in fact, to have een, especially of late years, kept in such manneiras purposely coi.cea rather than reveal qjauy of iim important transactions of the bank. This was especially the case with the accounts of Bigler Son, and in at least one other instance which we will here mention: The individual account of P. Keller, who is cashier of the Union National Bank of Philadelphia, which had, since prior to the year 1868, been overdrawn by a regularly Increasing amount from $600 upwards, was on the 3d day of January, 1876, credited "by check 10,730." We could, however, find no other record of any such check.

We did find that this item, and others amounting to $1,825 28, were used in an attempt to make the cash account balance that evening, but they were not carried forward into the cash account of the next day. We also found that in the General Scratcher, the account of teres was credited with S1.82o 28. Demanding an explanation we were in formed that tnere Bad, in fact, been no such check received, but that Keller's account had been balanced by the eiv ing of a note, due in two years, and witn oi interest aaaeu in, malt ing $12,661 mat tne note nad since been lost, but mat Mr. iv. acKnowieag ed the obligation, and that the transac tion was covered in this manner because he did not wish his indebtedness known.

The covering un of the affair at the time may have been a kindness to Mr. Keller, but the withholding from the assignees of any knowledge of his in debtedness, was certainly not commena able. We were to ascertain who were, at tne time or its suspension or had at any previous time been, Stockholders or Partners of thi C'dy Jianc. In doing so we have met with serious obstacles. In this bank there was kept a book called the Stock Book, in which was kept a record ot stockholders and the amount of stock held by each one at the time of each payment of divi dends.

This book was aelivered into the hands of the assignees with the other records of the bank, but although they acknowledge having had it in possession, they have failed to produce it for our inspection. It seems to have mysteriously disappeared. From the Certificate of Stock book, stubs numbered 6 and 7 and also num bers 32 to 105, both inclusive, have been torn. From General Ledger containing accounts for years 1866 and 1867, paares 405.to416,both inclusive, have been taken out, and. as we judge from the diecoio ration of the lower or inner margin of pages 404 and 407.

quite recently. In his haste, the person who mutilated this book neglected the index, from which it appears that page 400 was devoted to the account of 'dividends." From General Ledger of accounts for vears 1868. 1869. 1870 and part of 1871. a number of pages are missing.

There is no index to this book, but as at pres ent it contains no accounts of either cap ital stock or dividends, it is fair to pre sume that these accounts were kept on some of the pages which have been ab stracted. From General Ledger of accounts for part of 1871 and to September 6, 1876, there are also missing a number of pages. notably page 400, on which, according to the index, the account oi "dividends" might have been found." Dividends appear to have been paid sometimes in cash and sometimes by check. The stubs of the cashier's check book have not been of much assistance in this matter, as in most instances they simply give the amount of the check without the name of the person to whom it was drawn. In the General Ledger Scratcher.about the first of January and July of each year since 1870, may be found charges of items to "Div." as already stated, tne pages in the General Ledger, to which tnese items were posted, are missing.

The Scratcher affords no clue to the names of the persons who drew the "Div." In but one or two instances that we have found, has any individual account been credited directly with The City Bank was organized A. D. 1S01" by John A. Bigler, who started an iudividual broker shop under the firm name of John A. Bigler Co.

He had at that time a capital of $7,000 or $8,000, as he informs us, but it was entirely swept away in 1865 by unfortunate spec ulations in gold. In December, 1865, he entered into a partnership with George Barrett, of Clearfield, to do "a general and usual banking business under the name, style and title of the City Bank of Harrisburg." The said Barrett to be President arrd Bigler cashier. Barrett to put in $15 000 in cash against the personal services of Bigler. The capital to be increased to the residue over and above $15,000 "to be called in in such amounts and at such times as shall be agreed upon mutually between the parties, and to be in equal amounts from each." It seems to have been generally sup posed that there were other partners, but there appears to have been none, at least none at the time of the making of the agreement, a full copy of which we will hand you herewith. From an entry on page 10 of what is called "Deposite Ledger we find that on December 30, 1867, the capital of tbe bank was $17,501.

Of this amount $15 000 was paid in by Barrett and $2,500 by Bigler, he having made an individual loan of $2,700 of Dr. George W. Porter on the preceding first day of April; who put in the odd dollar is not Bhown. The partnership was to have continued five years, but Judge Barrett withdrew in 1869. His account, at that time overdrawn $5,336 80, was credited with $15,000, January 29, 1869.

This credit he drew from or added to at various times until July, 1873, when his last transaction overdrew his account just sixty two cents, in which sum he remains indebted to the bank. It also appears that upon his withdrawal udge Barrett was given a note of $3,000, in addition to the above mentioned This note was, on the 22d of April, 1869, charged to the personal account of John A. Bigler, which had previously been credited with a like sum borrowed from Dr. George Porter April 12, 1869. Notes for the aforesaid sums of $2,700 and $3,000 are still held by Dr.

Porter, and we have been informed that although they are personal obligations of Mr. Bigler, yet the money having been U9ed by him for purposes of the bank, the interest on them was paid by the bank and was frequently charged to dividends. It is probable, therefore, that could they be found, the name of Porter would be seen to appear upon the stock book and ledger pages which are missing. Mr. Bigler asserts positively, however, that Dr.

Porter is not now and never has been in any sense astockholder or partner in the bank. That the indebtedness was purely a personal one, the interest being at a fixed rate, not measured by or depending upon the profits of the bank, and the rate being less than that of the dividends paid to stockholders. The records, so far as we have seen them, accord with this assertion, but as an important part of them are gone, we have thought best to state thus fully all that we have been able to learn upon the subject. When Judge Barrett went out Mr. Bigler supplied the place of the capital extracted, by throwing in his own note for $15,000.

The said note was dated January 5, 1870, and remains in the bank, unpaid at this time. At that period he also sold what was called stock to other parties. So far as we have been able to ascertain the names of stockholders at the time of the suspension of the bank, with the amount held by each, are as follows, viz John A. Bigler, Harrisburg $16,750 03 Joseph Strouse, Hanisburg 2,050 On John George Orth. Harrisburg 1,000 oo A.

E. Bradv. 75 00 Jarob Coover 1,0 0 ro Hll.aljatli Davis Ralt.imore. loo ro Mizabetu Yeaei York county. Susau M.

Djv.s, York Alfred O. Shenton, York county. I) Vf. Boss, Middietown Wm. Hawn, Perry 25 oo 225 00 32 00 3U0 00 225 00 $22,075 00 There have, at various times, been other stockholders, as follows Jamps N.

Blair, Adams county. W. Sheets, West Fairview. Iaurv Templar, Harrisburg. Laleo Slmonetti, Harrisburg.

John Russ, Harrisburg. Strouse Kuhn, Harrisburg. Hiram S. Mhutt, Dauphin. John R.

Fisher, Harrisburg. Wm. M. Gray, Harrisburg. Jacob Simonetti, Harrisburg.

John Shenton. These stockholders received live per cent, dividends, eemi annually, upon their investments, but, with tho excep tion, of course, of Mr Bigler, appear to have had no voice in the manage ment of the bank, and it is rea sonably certain that they were never apprised oi its con a 1 tion. j.i mere wt re, at any time, other stockholders than tnose wnose names we nave given, we have been unable, for reasons already stated, to ascertain who they may have been. Tne bans nad no directors, and the so call President had no cipital in it, or interest whatever, tave as a heavy borrower, which he appears to have been from its ear.iest inception. We were also intruded to learn when the Indebtedness of Bigler Son.

As set forth in sundry notes held by the bank, amounting to began. Upon the subject of the indebtedness of this firm, the records of the bank are by no means eo complete as could be desired, and we nave iiad to apply to Mr. Casper S. Bigler for further information. Bach as he possessed, he has cheerfully given us Bigler Son never had much, if any, capital of their own.

1 hey began business together in debt, and have waded deeper in, each and every year since About the year 1866 tney purchased tne saw mill previou ly owned in the name of Bigler Wilt. In paying off the debts of Bigler Wilt, and in buying the interest of Mr. Wilt, in the mill, they incurred quite heavy obligations at that time. Exact amount not known now. This mill was burned down in 1870, but was immediately re bunt at great expense, i ne urm did a very heavy business in manufacturing mmoer, anu speculated wildly and ex tensively in that commodity, which.

within the past few year, has brought to grief many men shrewder in the business than they, and with more cap ital. The obligations they incurred in A. I tne transaction or sucn a business were enormous and alarming, but their manner of meeting them was simple and unique, and commendable for its promptness, if for nothing elee. Whenever old debts were paid or fresh purchases made it was always by note or check, payable at the City Bank. The hands at tbe mill, taxes, insurance, expenses of living, gas bills, dentists bills and all other bills were paid in this manner.

and have been all these years. When these notes or checks reached the bank they were always paid, and at first were usually charged against the running account of the firm on the books of the bank. The receipts of the firm from sales of lumber and from other sources were also at times very heavy, and were usually placed in bank to the credit of the account but the debit aide was ever the largest, the balance steadily increas ing until swept off the books by the giving of another note this time, di rectiy to ine bans. The first instance we find of a settle ment of this kind occurred December 31, 1867. when the account being over drawn $1,859 51, it was balanced by the giving of a note of that amount.

But it was speedily overdrawn again, the over draft regularly increasing until August zi, 1871, wnen navmg readied tne sum of $33,551 76 it was balanced "by note From the books it appears that at this time there was a note of $10,000 held in Philadelphia, afterwards paid by the bank. October 21,1871, the account.again overdrawn, was credited by note of $7,387 50, so that now the indebtedness of Bigler Son was more than $55,000. and was rapidly on the increase. The situation Boon became such, that with safety to itself the bank could not refuse payment of a note of the lumber firm. To have done so would at once have in formed the public of the actual state of auairsana wouiu nave rut an luime diate quietus upon both laufbering and banking.

From this time forth it seems to have been deemed UDsafe to ntrast even the clerks in the bank, with very much knowledge upon this subject, and accordingly when notes or checks came in and were cashed, if the account was at a low ebb, they were not charged up against it, but were laid away until they grew into large sums, when they would be funded into larger notes and the interest included. This process of paying and funding notes having been carried on outside the records of the bank, we have, as already stated, been compelled to apply to Mr. Casper S. Bigler for permission to examine such books and papers of Bigler Son as tend to throw light upon this subject. We have examined some $420,000 of notes given by this firm, besides innumerable checks, since January 1, 1870, every one of which was cashed at the bank, and from them and certain memoranda of calculations made at various times of refunding, we have been able to gain a general idea as to the increase of the debt.

During the yeai 1872 the rotes given, mostly for timber, amounted to about $130,000 and checks to half as much more. Tbe receipts during this year were also heavy, but not proportiona bly bo, and on January 1, 1873, the debt had reached the startling sum of $80,.. 670 00, while Bigler Sons (Samuel Casper and John the brick yard firm, owed $17,588 more, making a total indebtedness of $98,258. The funding process was not resorted to again until about the first of January, 1876. At this time the principal had increased $53,992 60, and there was added as interest, what would seem a very reopectable sized debt of itself, the sum of $22,493 23.

making a total debt of $174,743 83 January 3, 1876, a note of $10,000 was discounted for the brick yard firm, their account being credited with tbe pro ceeds. August 28, 1876, notes of Bigler Son for $2,000 and $1,000 were eaahed. Previous to the 6th day of September, 1876, the notes given were, as we are informed, ordinary promissory notes, but on that day they were all lifted and their places supplied with judgment notes aggregating $184 000. There must have been some error in previous calculations, otherwise these notes should have been given for $187,743 83. This money was not all lost.

It paid for the old mill and built the new one, and purchased nearly all the properties owned by the Biglers, and these prop erties, with certain exceptions which we shall mention, have been voluntarily turned over to assignees for the pay ment of the above and such other debts as may be outstanding. The exceptions are two houses on Fifth street, purchased since the insolvency of Bigler Son, paid for with lumber and brick furnished by Bigler on, but deeded to lady members of the family of Samuel Bigler. These houses we think should have been included in the assignment for the benefit of creditors We also call attention to the sale by Samuel S. and John A. Bigler of a two thirds Interest in the brick yard property to Samuel Bigler, r.

for $17,000, payable in installments extending over a period of twelve years. As the price was a fair one and the judgments given in payment are included in the assign ment, there is no injury done to creditors, save in the unreasonable extension of time. As this property was purchased with money owing to the bank, which, at the time of the Bale, the parties were unable to pay, their authority to transfer it upon such terms may be questioned. Concerning the matter of the sale of stocks and bonds, into which we were directed to inquire, we find that within the last ten months, sales amounting to $40,374 19 have been made, and the proceeds accounted for. The deposits received at the bank on the day previous to the assignment' were neither large nor numerous and they were returned to the parties, except in a few instances where the depositors were previously indebted to the bank.

An instance of this kind was the deposit by Bigler Son of $500 intended for payment of a note maturing on that day. The note was paid by draft on the Union National Bank, afterward dishonored, so the money remained in the bank. It was not returned to Bigler Son, neither was it included in the inventory as being in the hands of the Oa making Inquiry ss to its whereabouts, we ascertained that it was in the custody of Dr. Porter, one of the assignees. It beloDgs properly among the assets or tbe bank and we nave classed it accordingly.

The transactions of September 6, about which there has been much comment, were regular enough during the ordinary business hours, except that the account of one creditor is charged with which lie appears to have re ceiVed ia tbe form of a government bond valued at that figure. After the usual business hours a few favored creditors were permitted to draw out, in cash or its equivalent, $3 31o 38. In addition to this a bond valued at $730, previously purchased of Bigler Brother, was charged to their account and returned to them. A. S.

Robinson, cashier, whose account was already overdrawn $317 97, drew cut $150 more, and Jobn A. Bigler drew $1,700, that being about the amount remaining to the credit of his account which bad previously, January 3, 1876, been credited with his own note of $3,000. His ex planation ot tms and some otuer trans actions may b9 found in tbe following copy of a letter addressed by him to the assignees Copy of John A. Tiif'er. To Hon.

F. W. Jordm and George W. roncr. Assignees uentlemesi Oa 19lh October.

1875. 1 wa3 appointed by the orphans' court or Daupmn coun ty guardian of Robert Ross Reno, minor child of Major M. A. Reno and Hannah iieno. deceased.

On 20th October, 1875, Ma or Reno filed his account as administrator of the es tate of his deceased wife. Exceptions were filed to tbe confirmation of this account, and upon motion the account and its exceptions were referred to an Auditor fur examination and report Major Reno having been ordered to distant military post in the We. t. and having since then been there detained by the active warfare against the Indians, no further progress was mtdts towards deciding tbe extent of the estate to which my ward, Robert Roes Reno, was entitled. Ia the meantime Owen James, has collected and deposited with me from time to time, certain money belonging iu part to Major Reno and in part to my ward.

These moneys were still in my hands when the City Bank suspended business. In order to protect the interest of my waid, and on the adviceof my attorney, I drew out about the amount of my individual deposit in tbe bank, amounting to $1,700. This I now hold for this purpose, viz: to await the return of Major Reno, which will take place on the 25th October, 1876, and then to make a settlement of my account as guardian of Robert Ross Reno and then to return the balance to yourselves as my assignees. 2. During the financial panic of 1873 my wife, Mrs.

Annie H. Bigler, loaned me of her own property one hundred shares of the stock of the Pennsylvania railroad company, worth about $5,600, to assist in carrying the City Bank through the moneyed trouble of that period. This transaction was never regarded as anything else than a loan to secure the continued operation of the bank and pro tect the interests of its depositors from tbe loss which its failure might cause. This stock was used as collateral security to obtain money from the Union National Bank of Philadelphia, and upon 15th February, 1875, was sold for $5, 583 43. The money thus received wag applied to the use of the City Bank.

In payment of this loan I gave my wife eleven mortgage bonds of the Pittsburg, Titusville and Buffalo railroad company. Although the par value of these bonds is $1,000 each, their market value is only about $4,000. These bonds, with the fullest approbation of my wife, I now give to you to assist in defraying the debts of the City Bank. 3 It has been my practice from time to time to set aside some securities for the use of my children. Accordingly on 1st June, 1872, a certificate for five (5) shares of Philadelphia and Reading railroad stock was issued to my daughter Carrie.

Oa 30th June, 1873, a certificate of ten (10) BOares of said stock, was issued to her, and on 5th October, 1875, a further certificate for five (5) shares of said stock waa iBsued to her. She was also the owner of two bonds of the Philadelphia and Reading railroad company of $100 each. Pursuant to this practice, I had given to my son a bond of the United States for $1,000, and a bond of the Methodist Episcopal church of this city for $500. These stocks and bonds had always been considered by. myself to be the property of my children, but I now hand them to you to be used in paying the debts of the City Bank.

A transfer of sixteen shares of the capital stock, of the Harrisburg gas company was made before the assignment. This has been erred to the assignees, and will also go towards lessening the indebtedness of the City Bank. Very respectfully, (Signed) John a. Harrisburg, Pa Oet. 9, 1876.

Mr. Bigler has an Interest in the new Opera House company, which is at present in an unorganized condition. As soon as his interest shall assume tangible form, we are assured that it will be made over to the assignees. So far as we have been able to ascertain, neither Mr. Bigler nor his family have any further property or means with which to assist in repairing the losses of the depositors and creditors of the City Bank.

While making our examination we have received every courtesy at the hands of the assignees, as well as the officers and clerks of the bank, who have, apparently, afforded us every possible explanation and assistance. With this report, we will hand you complete lists of all the creditors and debtors of the bank, sh owing the amounts owing toor due from each oneof them, respectively, and various other memoranda, which may prove of value or interest. All of which, respectfully submitting, we remain, Very truly yours, M. E. Olmsted, F.

Asburv Awl. MARRIED. GARDNER WEITZ EL. Oa the evening or the 17th instant, at the evidence ot the bride'8 parents, by Rev. M.

Htllman, nr. Kobebt trABDNBu, of ltoona, and Miss kum R. Wbitzel, of this city. BUttoNK WKLLS On the 171 of October. 1876, at the residence ot beorKe Smith, br W.

H. imyder, A. n. Bhbek and Isbs Mar Wblls. both of this city.

SEW AVEItTISEMENTS. CHEAP COAL. 1 B. Mitchell Co. "VFFICE3 Third and Chestnut, Third above Cumberland, we give notice mat we nave reduced our prices to a vers low ficnire Our coal is kept under cover and Is delivered dry and cie tn and free from slate.

Now is the time to lay in your winter supply. Call at our office and obtain prices. 49 Pull weight and clean coal guaranteed. sep4 dtc IN THE PRICE OF A ONE DOLLARPER TON OFF. Good, Pure Coal, WELL SCREENED and delivered promptly Only best goods dealt in.

vmvuy. Full Weight Guaranteed. D. W. COX, Walnut street, next door to Opera house ser4 dtf Anier Miicii SEW AIVERTISE5XEKTS.

VEGETIUE Purifies the Dlood, Renovates and Invigorates the Whole Oystem. Its Medical Properties ars ALT ti ATI VB, TOMO AND DIURETIC. "irEQETIK ij mide exclusively from the luiees and so stronvly concentrated that It will eflect UAi.y eraaieaie irom ine system evry nun 83Tofu'ous Humors, Tumors, Cancer, Cancerous Humor, erysipelas SaitBhsum. itvph 11. no Disease? caut er, rainme's at roeotomacn.

and all tifeises that arle from impure blcd. fclatlca, Infla nmator and Chronic ttneumatism. Neuralgia, Gout and fpinal Complaints can only be eHeciualiy cued thrott jb he blood. For leets and Eruptive Diseases ot the Bkin, Pustule, Bti tihes, Boils, letter, SCaldhead and Ringworm, esetine has never failed to effect a permanent cure. For pains in i ce b3ck, kidney complaints, droopy, 'em ale weakness, lsuconhoa, arising from iuternal ulceration, and ui rine diseases and teneral deblii Vegetlne acts directly upon the causes of tHese complaints.

It Invigorates and tf reugthem wrol svstem, act npon ine secretive organs, allas inflammation, cures ulceration and reuuiatci the bowels. or catarrh, dyspeatia, habitual costlveness, palpitation of the heart, headache, piles, nervousness and general prostration of tbe nervous system no medicine ha given such perfect satisfaction as the Vegetine It purides the blood, cleanses alt of tbe organs, and possesses a controlling power over the nervous system The i emarkable cures effected Vegetine have induced many physicians and apothecaries whom wa know to prescr.be and use It la their own families. Iu fct, Vegetine the best remedy yet dlscov. errd for tbe atove ciseases. and Is tbe only re la blood pu.iner yet placed uerore ine public UNQUALIFIED APPRECIATION.

Boston, Not 18, 1875. M. frTRvmra. Fro Dbau ir Aiurtnji the past five years I have had am pie opp jrtunii to Judtte of the merit of Veg e'iae. my wile han used It for complaints attending aladyot delicate hralth, vita more beneficial results than anything else which she ever ti led have given to my children under almost every circumstance aiien iing a large family ai always wlih marked benefit.

I have taken niyjeii witneucn great nenenc tnai i etnooi find word to expiess my unqualified appreciation of its goodness. hlle performing my duties as a police officer intbis citv.it has been my lot to fall in with a great deal of sickness. I unhesitatingly recommend Vegetine, and I never knew of a case where it aid noc prove all that was claimed for it Par ticuiarlv in cases of a aebllitatedor imnoveruhed state of the blood its effects are really wonderful and 'or all comolaima arising from an Impure state of tbe blood it appears to work like a charm, and I do not believe there are any circumstances under which Vegetine can be used with injurious results, and it will always afford me pleasure to give anv funher information as to what I know atsout Vegetine. WM. B.

HILL, Police Station 4. CANKOT BE EXCELLED. Chablestown. March 19. 1869.

H. It. Stbvjns: Dtar riir ihis ii to certify that I have used your Blood reparation" in my family for several years, and think hat, for Scrofula or Cankerous humors, or Kheumatlo affections, it cannot be eTceued and as a dioo turner ana spring medicine, nis th best thing I have ever used, and I have uw4 almost everything I can ebeerfu'Iy recommend it to any one in need of such a medicine. Yours resp c'tuliy, Mrs. A.

A. DINdMOBE, 19 Bussell Street A SOURCE OF GREAT AHXIiTY. My daughter has received treat benefit from the use of Vegetine Her declining health was a amorce of great anxiety to all her it lends. A few bottles ot the Vegetine restored her health, strength and ppetits N. H.

TlLDRN. Insurance and Real Estate Agent. No. 19 Beats Building, Boston, Mass June 5, 1872 Yegetine is Soltl ty all Enrols. CITY BANK.

A MEETING ot the DEPOSITORS of the City Bank will be held at Odd Fellows' hll. Locust street, on THU DaY evening, October 19. 1876. at 7 o'clock. The report of experts will be read, and propriety of sale of real estate consld ered.

Mona but depositors admitted KOBBbT 1. MUEBCH, JOHN 'J ILL, R.O.DARK, oc8 d2t Committee. 3. m. T.

LEWIS, SIO Korth Third HAVE received a stock of Fall Roods and invite their friends and the nubile oenerallv to examine goods and prices before making their liuicuuta. BONNETS, HATS. FEATHERS, FLOWERS, VV VELVETS. SURE, ETC, BTO. Please call and ba convinced.

sepH dte JBW AND HANDSOME 8TTLBB IN FALL lillLLKJ AND FANCY GOODS, NOW OPEN AT THE CENTRAL, Fourth and Market. Call and examine ths many different kinds now In store. J. Wagner, FOURTH AND MARKET. septl6 dtf FORWARD.LIMCH! HHHAT victory may crown your efforts.

Full J. sets ot Campaign Equipments, consisting of (or Caps) CAPES with and (any Color and Style), with PATENT DOUBLE SWING Zinc Torch and Stict FUHNISHSD TO CLUBS AT FACTORY For full particulars, address Weaver Hiei, 24 N. Third Street, HARRISBURG, PA. augl5 dfc FOB BAMS. FOR SALE.

Great inducements offered. A rare chance for a poor man to get himself a home. Several good new dwelling houses for sale on easy payments 10 per cent, down, the balance monthly on 5 or 7 years time. In nlreot Htble. Harrmunrg.

fel tr FJRSALK A three story Kriek House on Fifth street and Strawberry alley, 3k feet, six inches in front, with 13 rooms, and all modern improve mnt with a crond Brick Stable on the rear mnA lot. This property is within a naif square of the Pennsylvania passenger depot Terms easy. For particulars inquire of W. H. BIBLE.

nov8 dtt FALL GOODS! a iva a i ro EQUIPMENTS. ClcDs, Organize at Once! FALL IP TOOT BROCADE CASHMERES, TWILLED CASHMERES, DIAGONALS AND DEBEGrES, BLACK SILKS, BLACK ASHMERES, FLANNELS, FLANNELS, CASSIMERES, CASSIMERES. Bargains in Stack A Veto ai Laces. GROVE Cc HESS, Third and Broad Sts sepl4eodt institution for Imparting Practical Business Education. Young and middle.

flte for the actual duties of life. Students can enter at any time. Individual instruction. Large and finely furnished Halls and Offices. Comprehensive course or 6tudy.

Regular and appropriate Lectures. Thorough Teaching Practical Xraialng, For Circulars address P. Duff Sons, Pittsburgh, Pa. B' lrla lMl AT G. XXABKET COBSER 1 TESS A i mnrtx hand made I IWVBoot8 GOOD AND SERVICEABLE WORK.

MEN'S, BOYS' AND YOUTHS' alff and Boots, LADIES', MISSES' AND CHILDREN'S FINE DRESS OR XmWkm SHOES. Exclusive Sale of Sellers Celebrated Protection Toed Children's Shoes, Knitting Establishment. A. B. Corner Gecond and Chestnut Streets, Harrisburg.

ALL Knitting, Zephyrs, Worked, Woolen gTAMPINQ, pinking and embroidering silks, Come, Gee the New Hew Arrivals Hoop Skirt, Corset Fall I TEE UETEOPOLITAN COBSET.Waratei to Fit lilt a Kid Glove. Fall and Winter Underwear all qualities for gents, ladies and children. i immense tine. A large stock ef SILK HANDKERCHIEFS, omjW cents upwards Ladles', Gents' and Children's plain sr.d colored Bordered Hacdkerctieis TIES, COLLARS AND CUFFS, A full assortment of White Opera and Street snaaes pi Laoies' and Misses' Striped Ba.brlgnan Hose great 'rlery. Hair Goods! Hair Goods I At lower rates than can be bongct out of I.ew TAfuIIllneof HAMBURG EDGINGS and IJfSEBTItfGS.

MOST POPLAR CORSET. tSre Htch of LadiiMisse aod'eent's Boisery Larger than usnaL Yak mil OnlnnroT.cra unit Trir.lMlni'l Call and see these, well TEADE ia a ILV'S, 4 COURT HOUSE ALLEY, ME Exciusivesaie Largest P.T'3 Assortment, Widest Variety, Lowest Prices, Shoes. FOR MADE ESPECIALLY FOR CiM 'Pmwlraia Met, Wholesale Retal. Come or and all.as Ihis is the BOOT AND 6HOK HOU8E that dtives business in the interest ot the public eon tentlvdjvlciiig profits with purchasers. repZl HAPi K1KDS OF and Collon Tarns.

all canvas and braids. apl Si? and Winter Goods! Every Say at HoofSfciris, Bustles, Corsets, Eolsery, Ribbot as all tie e.Vvrz purchasing elsewhere. Hosiery EstaDlisliment.

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About Harrisburg Telegraph Archive

Pages Available:
325,889
Years Available:
1866-1948