The Wellington enterprise. [volume] (Wellington, Ohio) 1867-188?, 1881-11-02
LATERa NEWS.

A MAN apparently insane made his
appearance at the White House on the slst
ult. and demanded admission. After some
parley it was found that he was armed with a
seven-barrelled revolver and evidently bent
ON shooting somebody. It was all that four
OF the White House attaches could do to Sc
cure and disaIm him. He was lodged in q
cell In the police station. BE said his name
was John Wolfng, of Northumberland, Pa,
and that he had come to look over the &C
counts OF the votes cast for President on file
in the Office of the Secretary of State, which
be contended would show that Doctor Noet-
ling was elected President over General
Arthur. i5- - tsa8ifisti - l1
THE Mechanics National Bank of
Newark, N. j., suspended on the s1st tult. At g
meeting OF the directors on the Both ult the
Cashier, o. L. Baldwin, stated that the bank
was not in a condition to pay, ana that the
liabilities were SO great that further attempts
to carry ON business would be useless. The
directors then offered to subscribe 10000 to
put the bank in condition for business, but
the Cashier responded that g, 000, 900 would
not do IT The directors then decided to sus-
pend business at. once. u The bank had cap
lital stock Of $500, 900 and held deposits
amounting to 81, 417,2l5 Cashier Baldwin is
held responsible for the trouble. and he was
arrested By q United States Marshal on the afi-
idavit of . director, who charged him with
eonfeseing to the board that he had fraudu-
lently misused over 81, ,0O00 600 Of the banks
funds. Baldwin made statement that about
the year 1873 he began TO make loans to G.
out security or the sanction Of the directors.
Having begun he was in the power OF Nugent
q Co, and continued the accommodations,
sometimes loaning them $50, 600 lin one month,
till the total increased to a rufnous amount
Nugent assured him that he had alarge prop
erty and capital in business, which would
make all the loans good. Nugent was well
aware that he baldwin, was using the banks
money, and always promised TO surrender
his property in case OF any trouble. Under
these circumstances the loan was increased
till 1t reached over s, 1000, 900. Nugent was
arrested on the charge of aiding and abetting
Baldwin in embezzling the funds. Both par
ties gave bail In the sum OF $4,000 each to
appear in court November7. The bank was
chartered In 1921, and was organized as
there would be some very painful and ruinous
commercial /" after-clapsn in the way of fall
ures OF houses which the bank had been scar
rying." lssEz1f l, ria .s.1
TaE public debt was reduced about
SIS, COO, 600 during October, making the re-
duction-for the first four months Of the fiscal
year s5z, 100000. 1 s.-s i.l q Ses
TIE estimates for the postal service
for the next fiscal yeas are S43, ,66i. 800, OF
which the revenues viii furnish s42, 741, IA,
leaving q deficiency to be supplied by the
general treasury Of s92o, ,o7S. --is.'
!. U,uTED STATES currency outstanding
on the 9lst ult,; Old demand notes, 500 04O:
legal tender notes, all Issues, <346. .6SI I,016;
of 1863. sl2, 100; two-year coupon notes OF
1868, $12a $50; compound interest notes,
$22S $50; fractional currency, all issues, $l5,-l
40, 900; total $3.50, SIS, 121. Lfslr55