davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-21

The amount held BY the house aloresald IS in.
cluded the first two items OF the assets. 1t VIII
be seen that the Southern bonds are credited par
value, instead OF the market price, which reduces
the assets some eighty thousand dollars.
II the delinquent brokers pay the amount they
owe, and the call loans and bonds and mortgages
are properly secured, the loss to the bank Will be
Q little more than the interest due dep0sitors Tor
the SIX months ending January /, 1872.
WIN. L. COLE.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-21
What Ex-Trustee Cole Says Of the Bank.
NEW YORK, Jan. 90 1872.


To THE EDITOR OF THE HERALD-
In reading over the HERALD to-day find my name
published as one Of the trustees Of the Market saw
mgs Bank. was an active trustee OF the Market
savings Bank Tor several years, but have ceased TO
be such for considerable period. While member
OF the Finance Committee 1 objected to some
securities that were about being purchased for
the bank, and gave, In my opinion, excellent rea
sons for rejecting them. On vote being taken
found l was In q decided minority, all the
trustees present voting In favor OF the proposed IN.
vestment except myself. l thereupon resigned.
stating that my services were OF no use to the bank
have not attended q meeting OF the trustees for
considerably more than year. In this connection
would say that also objected to the secretary or
the bank voting as q trustee as he was paid on
GER MY objection being 0verruled by the Trustees
] wrote TO the Bank superintendent ut Albany and
requested hlm 10 give me his OplnlOn. Ne an
swered by saying that there was nothing in the laws
governing savings banks to dlsquafy the secretary
OF bank from being trustee also.
After reaulng your article (which was the frst In
tImatlon mad OF anything being wrong In the Mar
ket sayings bank' repaired Immediately TO the
facts:-
Mr.. James 8. Carpenter, the counsel for the bank,
no &so trustee aud dep0sitor, applied 70 Judge
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-21

Barnard 70 appoint receiver for the Harket SSy'
mgs Bank, and Judge Barnard appointed NJ.
James Dennis, also trustee, as receiver, an0 ~ zen
O'Clock this morning Mr.. Dennis took charge Oh aii
the effects OF the bank.
The Immediate cause Of the failure of the Market
Savings Bank was the inability OF Wall stIees
house to pay the sum OF $4,000, which they noio
as trust funds OF che bank
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-21
The Institution Closed and a
Receiver Appointed.
The Union Square Bank to Pay
Fifty Per Cent.
Continuation Of the Run on the Third
Avenue Savings Bank.
Meeting of the Depositors of the Eighth
National Bank.


Suspension Of the InstisutiOn-A Receiver
Appsinsed-Enects Of Wall street specula-
tion-InvestinG in Lons Island Real Essate-
Liabilities Double tho Amount Of Sound
Assets.
The current rumor which prevailed in Wall street
on Friday afternoon that the Market Savings Bank
had suspended payment was verified yesterday
morning ana anxious depOsitors who perused the
columns Of the HERALD anu read the unwecOme
intelligence FASTENED early to 81 Nassau street,
only to md their worst fears realized. Most or
those who did business with this institution are
SMALL CAPITALISTS,
engaged In commercial pursuits IN the vicinity OF
the bank, as 1t Afforded many facilities which are
denied by similar institutions. AS early as eight
O'Clock yesterday morning men with troubled faces
could be seon staring at the unopened doors. await
ing with anxiety Tor ten O'Clock, hoping against
hope that oil would then be well. This belief had
gained ground, as the officers, up to late
hour the previous evening" had posi- lively denied
that there was either run or anything
irregular In their accounts They stated that there
only existed q want Of confidence In every savings
bank, and they could hardly hope 10 escape from
the general suspicion. Both the President and
acting Vice-Presldent were determined to keep up
the credit CT the concern to the last moment and
allowed the report to be circulated in financial
circles that the bank was not only in sound
condition, but that there was suffcient reliable
assets TO pay all liabilities. The credulOus
laughed Of the idea Of bank with such an array
OF influential names among its trustees being en-
barrassed, especially after the example Of the
many institutions which were recently closed for
incautlous. II not culpable, speculation.
THE sHREwDER ONES
however, took good care on Friday to draw out all
they could, az the suspicion Of being suspected
was SUFFICIENT to AFFECT their sensitive pockets As
the hour for opening the bank approached the
crowd grew larger, as during the morning q
hint was thrown out that some heavy losses had
taken place through the failure OF 6rm
In whose possession were Tennessee bonds to a
large amount. THIS Intelligence soon spread and at
the stroke Of ten people with bank books In their
hands filled the spacious passage, the nigh stOop
and goody extent OF the Sidewalk The solid
doors, however, remained closed, but short time
after young clerk elbOwed his way through the
throng and APPENDED the following notice ON the
door, f.s
! - fshk closed, and in the hands OF
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-21

voyage OF Importation will be regarded az ending
on the arrival Of merchandise at It's destination
Changes in the Quartermaster's Department.
The following changes in stations and duties of
officers OF the Quartermaster's Department have
been made:-Lleutenant Colonel John b. Ferran is
oraered to duty as Chief Quartermaster OF the De-
partment uf the south, relieving Major Asher r.
Eddy who Will assume the duties Of Chief Quarter
master OF the Department OF the Gulf, from which
Major James Beger is relieved and assigned to duty
In the Department OF Texas.
Internal Revenue Appointments in New York.
The following storekeepers under the Internal
Revenue law were appointed to-day - CASTOR for
the Twenty fourth New York district: Charles
Gunther and Frank Taylor for the Sixth New York
district.
There ia no improvement In the condition of
Speaker Blaine's sick child.
Ex.Attorney General Alderman Is reportea M
cOnvalescent.
steam Gauge Recorders.
All the members OF the Board of snnerv,s,po
Steamboat Inspectors save one are now here. Thew
have approved three gauge recorders viz. Those Of
Ashcroft, of Boston; Greenwood, of Cincinnati: and
Davis, of New York.
Texan War Claims
In November last the Secretary or State of Texas
presented at the Treasury q claim for services or
troops In protecting that frontier the aggregate be-
ing $780, 657. The subject was referred 10 the Sec
Rotary OF War; who says only $50 900 were expended
for the six companies under the act OF Congress OF
1862 and the balance, 1t is supposed, is claimed
under the act OF 1850. He presumed that no on
Ger can audit or pay the money at this time
AZ 1t has been carried to the surplus funds. The
Secretary Of War was authQrized-Not dEected-to
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07

OIL News The McClsary farm, sdjoin.
ing Fairvisw On the east, will undoubtedly
prove, at no distant day. available oil
farm. Operators are anxiousiy watching
Developments here, aud ii the lew wells, no
more, will be eoN.renotd at once. Besides
this it will op-s up = large field tor opers,-
ing that Is n pressut lying idle.
Since writing tho above wo have visited
the jennings well, on this farm, and hun
dreds will te glad 10 learn that 1t 10 making
= aue show. TIE drill had just penetrated
the third sand, and the we'll bad rapidly
filed up with oil 1t WAS thoughs that 81
least sevsn hundred feet OF oil was Standing
In the hole. The owners Mr.. Richard Jen/
nings, and others, ate jubilant over their
good prospects. The success Of this we'll 10
particularly good news 10 Fairvisw. 1t
mssos 40 iusrsssed activity in tusinsss%ir-
cies, and Speedy building ur Of our town.
There 10 another we'll on this farm still
nssrsr FAirvisw, that is almsst down. Ten
days drilling will perhaps fuish It, The
owners are expecting . good we'll. ..apd have
eree.sd.a large tank to receive the oil. We
hope they may get IT, The Newton B,o's
well, on tbe same farm, hss rsschsd . depth
of $50 feet. Other wells arc drilling.
G. D. Angel & Co., commenced we'll No.
5 Immediately after the suspension. II was
$50 feet deep last week.
The Vsnsusdsl we'll, on the Vsnsusdei
track, adjoining the AeClsary and Dsughs,>
~ farms Is about completed, with ans
show.
The Wilson farm is proving 10 bs nrs,
clsss territory. Several wells on thls prop
er,y ore producing In large quantities. A
large number OF wells are sow going down
aud others are in contemplation.
Franlz Bros, are drilling two we'll on The
Dsugherty farm.
Harrington and Kerr, Of Psrkea's Land
Ing, are drilling 9 well about midway be-
tween Fairview and Petrolis City. The
location is believed 10 be 'goVd, and foe
we'll is expected.
The Banks we'll, en- the Banks farm,
Galley d Co., owners, 10 still producing
largely. II is reported st 200 barrels d.
CFairview Reporter.
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07

co'sean. Of ehoer pno ss
Jog L'gh',,' (Sacred 3, ngs): 'Golden
I.eaves.' Vols. i. and IL; "HoaIth and
Hom"," Flr.slde Ech9rs." ''SSc.. sonnd,;"
"Price'rs. Gems rriec. Si.'S raen IN
boards; W IN cloth; $2oo IN eiele sud
gilt.
Also the following ins'Fnnen.si Gois',
lions: FAIRY f,psrn, Mage C'rc!e,
"fonog Pianist and "Pearl Drops--iour
-siy coEre.ohs "N"'esi Keercauons'
"Pls"eant Mendrles. "Goiden Ch'mes,
ana "Brili,sn' Gems ior more .aVsoeed
players rrice "i eses BOOK, si.1o ~
00ufde; ~ IN eIotp $.,oU Iu ciOtn tnu
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07
fApveETIsEMENT.J ]
Card from R0v.

Not wishing to enter into auy discussion,
In regard 10 tbs Very unpleasant occusI
renee which traUspired recently between my
daughter, and Nil, principal Of 'bs
public school Of this place. lu view, how
ever, etc, etc.
The above appears 10 late number OF .
newspaper published 10 the oil regious.-
Now a. authorized 10 offer reward Of
df.y cents 10 federal money 10 any one who
eau, according to any known rule Of Gram
mar, parse the above '.Rev." production
the "parser' to choose his own language
English, Pi-Ute, Pennsylvania dutch Or
the lingo spoken st Franklin, Venango
County.
The award Is TO made by the M'nneksu.
nee Tribe No. III, l. D. Il. n, Of PETROL
cum Centre, at their first grsud pow WOW,
held alter the first green corn dance around
the couuei fire, after the second rising Of
the arst full moon 10 the 18Th month, pro.
vided thXt one.hali the amount is to bs In
vested in '.KirLAums" for tho use Of presch-
srs and the oiher half to he used in buying
broad soled slippers; aud the clippers are 10
be used ou the refractory daughters Of both
preachers and producers. who attend public
school, 50 they may realize that "tbe Lord
reiens 10 Israeli" aud what Is left Of the
money shall 60 toward paying for this 3D.
vertisement, and then II there Is anything
over It IL to DO sent 10 China TO Fay for
teaching the heather what superior school
system The State OF Psnnsyivanis has.
10 order the public may no, be misisd, 1t
10 70 be understood the ''lifIy oeuts, consists
CT "scrip" long siuee te,srped by OLD
Boutwell,, marked counterfeit! but that don't
hurt it, ior it will do ss much good smoug
the Cninameu 90 good one would, aud -
to the gramusrs for the ",Isvsling preach
ers' neither the amount Of the money nor
b . character i n fes;a hA II dollar is .
good for shat purpUss as the wealth Of tho
uil region would bel for as the good book
says
"Fhosgb stou shouldrst bray a fool 10
"mortr among wheat with o pessls yet
''wiii not bis lOoiishuess depart from h,m."
Psrsops wishing TO enter tue iis!s Can
send in their names to the undersigned,
I. JEFFERSON JEwKRh,
of Cherrytree.
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07
After FOrty-Eight Years-Tar-
dy Justice.

Justice IL sure 10 be meted out 10 offen-
dsrs, however long they may dodge the
blind goddess. Forty eight years ago, 9
young man left Auncie, Pa, "beswesn two
days" to avoid arrest Upon q warrant sworn
out by u young lady who had loved him
we'll but not wisely, and who was lett with
. child to care for, without assistance from
i.s father. The young woman ofshat period
is 10 the "ssre asd yellow Leaf" now. A
few days ago venerable stranger whose
poll had been whitened by ihe frosts of
sevssty.two winters, made bis appearance
upon the streets of Mupcie, and was recog-
nlzsd % the rscalcitrant lover ofls24. The
deserted one was informed of his presence in
.hs town, . new warrant was sworn out, the
old man arrested, and taken before q magis
trsts. TIE matter was finally settled by the
ancient Loshsrio applying a 5000 box Of
grssnback salvs to the wound affections Of
the dame. The old msu teok the first train
for tho West
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07

We hnd The following account of . golden
wedding recently celebrated at Kane Guy,
In 'hs Oil City Telegraph:
On Ss.urdA g evening last the friends Of
Mr and Ms Cspl. H.nty surprised them
a. their hume, auu alter taking pu. session
Of The house, proceeded TO Celebrate The hi/
tIeth Anniversary Of Mr.. aud MS Handy =
nuptIsls, Ia a practical mauher. The knot
WAS re-tled by Tue Rev. Mr. Lopg, Of Frank-
lin, after Which cereuoay, iue pieseuIs were
brought forward. They welo indeed beauli-
tul, consisting Of u Iicnly gu,d-mounIed
Biule; . beautiful s,lver iestsei, lined with
gold; and al sdditlonal silver cake basket,
also golden lined. To bs brief, tue occasion
was complete succrss 10 every particular.
Tue book reflects credit on the partiss iu
Chicago who arspAfsd tLe sams. TIE co.
dea lined teA-set, which We understand was
lurehAsed irom Mr.. J. Z. Humphrey, oiOI
City, speskes we'll Tor Kim, aud his taste in
selecting aud engraving; and the relatives
10 81. Louis certainly deserve q voice OF
praise Tor their ,hOus shlullness, III the way
Of that slssaut cake basket; aud IAst, but
not least, no apologies were needed for the
manner 10 which tbs tables we're loaded
down with iuxuries. brought by The ladies
tor the occasion. AsalI the parties con-
esrnsd seemed to bs q '.colnm,t.ee On tue
WHOLE" VIZ would congratulate them upon
the success aud complete surprise OF the
enterprise, and We would desire, If this were
Q sample golden Wedding" not TO be for.
gotten 1t fsnoIner one is anticipated near
by.
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07

Crude 10 60 no higher than es. No up
ward lImi. OF the price Of refined. Agency
to sell only to tbs Combination. Combine
ton 10 buy only Of the Agency. All out.
side renners to be allowed to come into the
arrange msnt BY joining the Re6ners Assocf
iasion on The original basis. All producers
to be allowed to come into the Agency
Price Of refined TO be regulated from time
to time BY join, committee of redaers and
producers. Arrangement good for sixty
days, ssaners 10 have permission to wiIb/
draw BY giving ten days notice.
RExARKs.-We 9erfsotls agnse with the
Derrick, aud do not thiuk IL advisable for
the producers to form any sort OF an agree/
mens whatever with tho rrnusrs, at the
same time II such % arrangement 10 entered
into we shall lend It support We do rot
believe the plan will prove available or Of
bsnsas 10 the producers iu The long run
Those old enemies of ours, the South In
provemeat Company alias the Re6ner's
Combination, sts "siive TO the situStiou,'
and will bear clsse ws,cbing. The matter
will come before the Producst's Council on
Tuesday next for decision, and We trust tba.
honorable body, If they eater into any aI
rsnsstnsnt with the rsdusrA will only max.
It temporary. The only plan that VIZ eau
see that will remedy the matter. and one
which w have sarnss'ly advocated, Is for
the producers 10 build rsfneries and do
their owo reaaing. We sincerely hope the
Council viii take action in .shis natter
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07

There 10 just published In an octave 70,
uus of62s psgss, the "Lives Of the Cover
!srs Of Psnnsylvanis," BY William G. Ar.
NOR. This very valuable and useful vol.
sms contains tbs results Of six years uo/
wsaried researches Of the author, and iurn.
ishes . history OF Penusyivauia from 1909
10 1877. A graphic and compsshsusive
record Of tho public acts Of each governor,
free from any partisan influence, IL givea,
and eash oue 10 allowed to speak for himself
through the history Of bic public carssr.--
The sources of Information rssorted to are
numerous and well authenticated, and the
names Of msuy gentleman widely known for
their thorough antiquarian researches ars
given, - extending valuable assistance 10
making up this history. The work 10 also
sop'Ously illustrated With portraits Of the
governors.
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07
rhe Columbia Farm.

We copy the following arvcls from The
Ti,usvilie Courier, 10 regard to the Colum-
blu Farm. Every word Of It we endorse
asd much more might BE- said In regard
10 ,bs excellent management Of the farm:
The Columbia farm, below Petroleum
Centre, 10 QUE Of the best managed oil tracts
iu the region. On Wednesday last We met
Mr. J. 7. Barcrsii, the superintendent, In
Town, and hs says that the old farm 10 us
prvspsrcns % ever. Mr.. Barefoot has been
lusstsd at this iarm for many yeats, aud Biz
services are almos, Invaluable TO the com
pany. He has also always taken great in-
,erest 10 The wslfars Of The employees, pro-
viding them With means for social and men,
lsl Improvement, doing all 10 his power 10
ioduce them 10 lead sober and industrious
lives, and to save their earnings. Too
napy Of those who have charge Of working
men. are apt TO forget that those employed
by them are sn,thing else than 50 much
muscle and bone, out Of VII ch they are to
get the greatest amount Of WORK possible,
caring nothing for their mental training, or
for their moral conduct, provided they Gao
perform their customary labor from day to
day. NJ. Bancroft, 10 his management oil
men shows himself 10 bs y true hearted gen.
.lemsn and Christian pniiau, hroplst. l. ID
owing " his influence Of Others like hin,
that . quiet, pretty and orderly little vlllAgs
has grown up GU the Columbia farm, pro-
vided With ils hool/houss, place VI public
worship, aud circulating library. This farm
Gao also boast Vi Ous'Oi the tlnest baGds Of
music 10 this section Uf The Stale. The Col.
umsis farm has ceriaiuly been bstter NAH
aged than most oi our oil tracts. for while q
large amount oil oil has been obtained, The
social and intellectual wants Of the men Gu
gsged to work Oh the welIs, has breu Ihr
uGjsct OF Constant care aud sslicituds.-
Every encouragement has been gwen 10 the
The frugal aud The induslrlou.
iaborer, aud 10 The employ ment Of The Col
umola On Company, he has Asso made 10
feel 'ns! b. il. every iueh y mao, II be doss
have TO wolk with his hands ~ support him
self and faulty.
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07
epA vt l p. n. fl'8sf
Re4uiescat in Peace.

Ths grave hes nov closed over oil that Il
mortal Of Horace Greeley. He has passed
fro1 among msa sod bis completed life be.
comes part Of history. It's not 70. time
for 'hs historian to pass judgement on the
life and sofS Of this man oklargs hsarasnd
kindly hand Who bsa bssn so suddenly TAX
% away. Tbs m'sss Of passion and pre-
jndies, eDgendersd by the heated pslitics,
sontrovsrsiss Of . generation sod especially
Of The present year, Cannot bs wholly dis
s'pa'ed 10 few Gays, and whilst the sligh.-
VT n'smsu' ssmaina 10 obscure the vision
fiil justice cannot bs done. But 10 no ID
stance, save perhaps that Of tho lsmsntsd
Lipcoln, has there been 90 general . dis
position to put out Of sight the faults Of the
dead, and remember only what was good
and lovssbls. The fipwsrs strewn o. tho
gIavs OF The dead journalisi, - On that Of f.6s
m"T'yrsd President, have few or no .horus
eoncsAlsd uoder tie blossoms.
Horace Gfsslsy had bis faults, for be wss
but human. When the Impartial Aistorisn
Of future day sums up the good aud evil
ot'ns men OF this age, hs will take those
faults Into consideration, bu. will trsly ssy
they were mainly defects born Of sh. mans
Rrsst merits. His kindness Of heart made
bin crsdulous where hs should be suspis-
'ous, 100 ready 10 place confidence In proies-
s'ons OF penitsnee thst were but empty pro/
'e'sioos. His impulse. we're for good. bu.
they were not always ll-ti.ed, and Thus
worked evil whore good vas meas. The
historian cannot avoid noticing these lmpsr.
fecsions 10 biz character, but will consider
then - folks serving the better to set Of
The many virtues Of bic character.
"His fsults lie gently on him."
"He ives nan, take him In oil aud oil
We shall not look upon Ais like again."
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07
Letters from t he People.

NOTE. The manager of this Journal, will -
out endorsing the sentiments OF contributors,
desires to offer the widest possible latitude
for free DISCUSSION. 1t is merely stipulated
that communications shall concern matters
OF pubic interest, be put in decent language
and accompanied with the names OF the
writer's. not for publication, but rs . guar
Antes Of good faith.
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07

The New York San Of Tuesday says: A
gsatlsman vAs recently srrived nom Paris
says ,hst the notorious Josephine Nsusdeld
appeared 10 that city some weeka ago. She
bad S37, 900 in money. This she deposited In
the banking house Of Bswles Bros. When
The failure Of that house wss announced she
wIuug bur hsada 10 grief and declared she
WAS ,uined. It's not prababls thtt she
VIII recover . cent OF her money.
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07

The convention OF refners sud producers
IN session at Titusville for the past two days
O. osed lest night. The Oh City Derrick
gives orr views on the subject, ~ follows:
Leading producers and r-aners bave been
10 secret session ct Ti,usvilis for two days
past, rndeavoring 10 agree an some uoob-
jsc,ionaLle plan Of CO. OpeT alton tor mutuai
benefit to themselves, and without detiiment
u the trude. Toe conference closed last
night, tbe parties having come to au under
{ nding which IL 10 topped will meet the
sUovs requirements. The proposition has
yet 10 10 suOuitted to the Producers district
Associ iatiOns, and to ,he Councii Iheisof Tor
ratification, aud its provisions have not ye'
been msds pnu'o. All that bus gained
circulation rs that the plan ct ctnt.up,ates .
eo OPP Iatiun n-,~sen :be producers aud re'
Rurrs. under VII ch the reHners are to buy
49, OoO barrel. day OF The Producers Assn 4
cy, or more, ( the demand will justify, ss
the maximum price Of e5 per barrel. That
this price IL TO bs regulated on q sliding
scale, according 10 the price Of redued oil 10
New York, ss followo:
When refined is 26e per gall crude to be - 90
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07
LOral NaticeS.

Butter aud chssse ere almost indispep,I-
bic articles Of food. Properly used, tho,
ore nutritious and healthy; but on inordi.
nate USE of either causes ind igeation ana
dyspepsia. Owen GAfFnry's Sunday Con-
tort. JSoiciorsly used WIN rsmove both .,
there trouhlss
The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-12-07

% Tho evening OF Dec. 23d, Mrs. SOLVER
of this place, is to give . social hop at So-
bells Opera House. Good music has been
secured and q good time may bs anticipated
The party announced for The benefit OF Mr.
and Nra Chsnst, o! Columbia farm, will
not come Of