COMMERCIAL NATIONAL BANK - Revision history

Randylyon at 19:41, 23 March 2019

2019-03-23T19:41:43Z

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	Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (22)		Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (22)

	In February, 1897 former bank examiner McHugh, the chief witness for the prosecution, died. At the time, it was suggested this made further prosecution of Graves unlikely. (23) The Supreme Court reversed Graves' conviction in March, 1897 and ordered a new trial. ~~There is no record that this was ever held~~.		In February, 1897 former bank examiner McHugh, the chief witness for the prosecution, died. At the time, it was suggested this made further prosecution of Graves unlikely. (23) The Supreme Court reversed Graves' conviction in March, 1897 and ordered a new trial. The department of justice never asked for a new trial, and Graves, who left Iowa to engage in banking in Arizona, retired to California. (24)


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	23. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897, p. 8		23. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897, p. 8

			24. "R. E. Graves Case and Late Judge Cole," ''Dubuque Telegraph-Herald'', October 6, 1913, p. 3

Randylyon at 19:32, 23 March 2019

2019-03-23T19:32:57Z

← Older revision		Revision as of 19:32, 23 March 2019
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	Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (22)		Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (22)

	The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.		In February, 1897 former bank examiner McHugh, the chief witness for the prosecution, died. At the time, it was suggested this made further prosecution of Graves unlikely. (23) The Supreme Court reversed Graves' conviction in March, 1897 and ordered a new trial. There is no record that this was ever held.


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	21. "Pardon for C. H. Harris," ''Dubuque Herald'', November 11, 1893		21. "Pardon for C. H. Harris," ''Dubuque Herald'', November 11, 1893

	22. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897		22. "Chances for Freedom Good," The Dubuque Herald, February 17, 1897

			23. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897, p. 8

Randylyon at 00:42, 18 June 2018

2018-06-18T00:42:53Z

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	Graves' re-entry into banking proved an immediate success. The bank was soon declaring annual dividends of ten percent while building a large surplus. (4) Concerns about the $104,000 First National Bank had lost in clearing up debts Graves had left were gradually forgotten. It was also understood that [[GRAVES, Julius K.\|Julius K. GRAVES]], brother of the bank's president, had a larger credit at the bank than might be wise. (5)		Graves' re-entry into banking proved an immediate success. The bank was soon declaring annual dividends of ten percent while building a large surplus. (4) Concerns about the $104,000 First National Bank had lost in clearing up debts Graves had left were gradually forgotten. It was also understood that [[GRAVES, Julius K.\|Julius K. GRAVES]], brother of the bank's president, had a larger credit at the bank than might be wise. (5)

	The Commercial National Bank Of Dubuque issued 2,400 sheets of $1 original series national bank notes. A print range between 1,000 and 2,500 is small. Some notes had a red charter number, others do not. Some had red serial numbers and some had blue serial numbers. Some were printed on white paper and others are printed on paper with a slight blue tint. (6)		[[Image:commercialnbZ.png\|left\|thumb\|350px\|]]The Commercial National Bank Of Dubuque issued 2,400 sheets of $1 original series national bank notes. A print range between 1,000 and 2,500 is small. Some notes had a red charter number, others do not. Some had red serial numbers and some had blue serial numbers. Some were printed on white paper and others are printed on paper with a slight blue tint. (6)

	The bank printed 2,400 sheets of $2 original series national bank notes. All $2 bills printed before 1875 are very rare. Most survivors represent the only known example for that bank. Collectors call these $2 bills "lazy deuces". The large two on the face of the bill was pictured horizontally making it look lazy. (7)		The bank printed 2,400 sheets of $2 original series national bank notes. All $2 bills printed before 1875 are very rare. Most survivors represent the only known example for that bank. Collectors call these $2 bills "lazy deuces". The large two on the face of the bill was pictured horizontally making it look lazy. (7)

Randylyon at 16:16, 1 June 2018

2018-06-01T16:16:14Z

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	[[Image:commnatbank.png\|left\|thumb\|350px\|]]		[[Image:commnatbank.png\|left\|thumb\|350px\|]]
	[[Image:commnatbank1.png\|left\|thumb\|350px\|]]		[[Image:commnatbank1.png\|left\|thumb\|350px\|]]
	[[Image:commercialnatbank.jpg\|left\|thumb\|350px\|]]COMMERCIAL NATIONAL BANK. The bank was organized in March, 1871 and located in the Globe Building at the northeast corner of Main and Fifth. Subscribers of the bank included [[GRAVES, R. E.\|R.E. GRAVES]], [[STOUT, Henry L.\|Henry L. STOUT]], [[ANDREW, William\|William ANDREW]], [[TREDWAY, Alfred\|Alfred TREDWAY]], [[STEWART, William G.\|William G. STEWART]], [[BRADLEY, William L. Sr.\|William L. BRADLEY, Sr.]], [[RANDALL, Leroy D.\|Leroy D. RANDALL]], [[RUMPF, W. H.\|W. H. RUMPF]], [[WALLER, John Robert\|John Robert WALLER]], and [[THOMPSON, John\|John THOMPSON]]. (1) On March 5, 1871 the officers of the bank were announced. They were R. E. Graves, president; H. L. Stout, vice-president; and H. M. Kingan, cashier. (2) The directors were the others who had been original subscribers.		[[Image:commercialnatbank.jpg\|left\|thumb\|350px\|]]COMMERCIAL NATIONAL BANK. The bank was organized in March, 1871 and located in the Globe Building at the northeast corner of Main and Fifth. Business began on April 10th. Subscribers of the bank included [[GRAVES, R. E.\|R.E. GRAVES]], [[STOUT, Henry L.\|Henry L. STOUT]], [[ANDREW, William\|William ANDREW]], [[TREDWAY, Alfred\|Alfred TREDWAY]], [[STEWART, William G.\|William G. STEWART]], [[BRADLEY, William L. Sr.\|William L. BRADLEY, Sr.]], [[RANDALL, Leroy D.\|Leroy D. RANDALL]], [[RUMPF, W. H.\|W. H. RUMPF]], [[WALLER, John Robert\|John Robert WALLER]], and [[THOMPSON, John\|John THOMPSON]]. (1) On March 5, 1871 the officers of the bank were announced. They were R. E. Graves, president; H. L. Stout, vice-president; and H. M. Kingan, cashier. (2) The directors were the others who had been original subscribers.

	Graves' career in Dubuque began in 1856. When a state bank was suggested for Dubuque, he offered excellent recommendations. [[BOOTH, Caleb H.\|Caleb H. BOOTH]], bank commissioner, finding himself faced with several of his friends also seeking the opportunity of establishing the bank chose Graves instead. When the state banking law was abolished, Graves' bank was converted into the [[FIRST NATIONAL BANK OF DUBUQUE]]. Graves remained president of the bank until 1871 or 1872 when he sold his interests to [[COOLEY, D. N.\|D. N. COOLEY]]. (3)		Graves' career in Dubuque began in 1856. When a state bank was suggested for Dubuque, he offered excellent recommendations. [[BOOTH, Caleb H.\|Caleb H. BOOTH]], bank commissioner, finding himself faced with several of his friends also seeking the opportunity of establishing the bank chose Graves instead. When the state banking law was abolished, Graves' bank was converted into the [[FIRST NATIONAL BANK OF DUBUQUE]]. Graves remained president of the bank until 1871 or 1872 when he sold his interests to [[COOLEY, D. N.\|D. N. COOLEY]]. (3)
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	Source:		Source:

	1. "A New National Bank~~," March 1, 1871~~, ''~~Dubuque~~ Herald''		1. "A New National Bank, ''The Herald'', August 13, 1871, p. 4

	2. "Commercial National Bank," March 5, 1871, ''Dubuque Herald''		2. "Commercial National Bank," March 5, 1871, ''Dubuque Herald''

Randylyon at 18:22, 23 November 2016

2016-11-23T18:22:39Z

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	R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)		R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)

	The trial of United States v. President R. E. Graves and Cashier C. H. Harris began on December 7, 1892 in Dubuque. (18) The prosecution rested its case on December 12th. (19) At the end of the trial, the jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail, he returned to Tucson. Harris plead guilty and the sentence was suspended.		The trial of United States v. President R. E. Graves and Cashier C. H. Harris began on December 7, 1892 in Dubuque. (18) The prosecution rested its case on December 12th. (19) At the end of the trial on December 17th, the jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail, he returned to Tucson. Harris plead guilty and the sentence was suspended.

	In December 1892, a grand jury was asked to bring charges against A. A. Cooper, Jr. for a violation of the postal laws. The charge was that Cooper had violated the law prohibiting writing of any kind except the address on fourth class mail. During the summer of 1891, the ''Dubuque Herald'' and other local papers had urged R. E. Graves and C. H. be brought to trial for their involvement in the bank. Cooper, it was alleged, sent a large amount of fourth class mail to people living in Colorado and Arizona where both Graves and Harris were known. It was claimed by J. K. Graves, the brother of R. E. Graves, and others that the margins of the mail contained written remarks pointing particular attention to specific paragraphs. (20) On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (21)		In December 1892, a grand jury was asked to bring charges against A. A. Cooper, Jr. for a violation of the postal laws. The charge was that Cooper had violated the law prohibiting writing of any kind except the address on fourth class mail. During the summer of 1891, the ''Dubuque Herald'' and other local papers had urged R. E. Graves and C. H. be brought to trial for their involvement in the bank. Cooper, it was alleged, sent a large amount of fourth class mail to people living in Colorado and Arizona where both Graves and Harris were known. It was claimed by J. K. Graves, the brother of R. E. Graves, and others that the margins of the mail contained written remarks pointing particular attention to specific paragraphs. (20) On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (21)

Randylyon at 04:16, 23 November 2016

2016-11-23T04:16:18Z

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	R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)		R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)

	The trial of United States v. President R. E. Graves and Cashier C. H. Harris began on December 7, 1892 in Dubuque. (18) At the end of the trial, the jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail, he returned to Tucson. Harris plead guilty and the sentence was suspended.		The trial of United States v. President R. E. Graves and Cashier C. H. Harris began on December 7, 1892 in Dubuque. (18) The prosecution rested its case on December 12th. (19) At the end of the trial, the jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail, he returned to Tucson. Harris plead guilty and the sentence was suspended.

	In December 1892, a grand jury was asked to bring charges against A. A. Cooper, Jr. for a violation of the postal laws. The charge was that Cooper had violated the law prohibiting writing of any kind except the address on fourth class mail. During the summer of 1891, the ''Dubuque Herald'' and other local papers had urged R. E. Graves and C. H. be brought to trial for their involvement in the bank. Cooper, it was alleged, sent a large amount of fourth class mail to people living in Colorado and Arizona where both Graves and Harris were known. It was claimed by J. K. Graves, the brother of R. E. Graves, and others that the margins of the mail contained written remarks pointing particular attention to specific paragraphs. (19) On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (20)		In December 1892, a grand jury was asked to bring charges against A. A. Cooper, Jr. for a violation of the postal laws. The charge was that Cooper had violated the law prohibiting writing of any kind except the address on fourth class mail. During the summer of 1891, the ''Dubuque Herald'' and other local papers had urged R. E. Graves and C. H. be brought to trial for their involvement in the bank. Cooper, it was alleged, sent a large amount of fourth class mail to people living in Colorado and Arizona where both Graves and Harris were known. It was claimed by J. K. Graves, the brother of R. E. Graves, and others that the margins of the mail contained written remarks pointing particular attention to specific paragraphs. (20) On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (21)

	Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (21)		Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (22)

	The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.		The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.
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	18. "Jury Secured," ''Dubuque Daily Herald'', December 8, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18921208&printsec=frontpage&hl=en		18. "Jury Secured," ''Dubuque Daily Herald'', December 8, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18921208&printsec=frontpage&hl=en

	19. "~~Sent the Word Abroad~~," ''Dubuque Daily Herald'', December 8, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=~~18921208~~&printsec=frontpage&hl=en		19. "The Government Rests," ''Dubuque Daily Herald'', December 13, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18921213&printsec=frontpage&hl=en

	20. "~~Pardon for C. H. Harris~~," ''Dubuque Herald'', ~~November 11~~, ~~1893~~		20. "Sent the Word Abroad," ''Dubuque Daily Herald'', December 8, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18921208&printsec=frontpage&hl=en

	21. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897		21. "Pardon for C. H. Harris," ''Dubuque Herald'', November 11, 1893

			22. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897

Randylyon at 04:03, 23 November 2016

2016-11-23T04:03:59Z

← Older revision		Revision as of 04:03, 23 November 2016
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	R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)		R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)

	The jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail, he returned to Tucson. Harris plead guilty and the sentence was suspended.		The trial of United States v. President R. E. Graves and Cashier C. H. Harris began on December 7, 1892 in Dubuque. (18) At the end of the trial, the jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail, he returned to Tucson. Harris plead guilty and the sentence was suspended.

	In December 1892, a grand jury was asked to bring charges against A. A. Cooper, Jr. for a violation of the postal laws. The charge was that Cooper had violated the law prohibiting writing of any kind except the address on fourth class mail. During the summer of 1891, the ''Dubuque Herald'' and other local papers had urged R. E. Graves and C. H. be brought to trial for their involvement in the bank. Cooper, it was alleged, sent a large amount of fourth class mail to people living in Colorado and Arizona where both Graves and Harris were known. It was claimed by J. K. Graves, the brother of R. E. Graves, and others that the margins of the mail contained written remarks pointing particular attention to specific paragraphs. (18) On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (19)		In December 1892, a grand jury was asked to bring charges against A. A. Cooper, Jr. for a violation of the postal laws. The charge was that Cooper had violated the law prohibiting writing of any kind except the address on fourth class mail. During the summer of 1891, the ''Dubuque Herald'' and other local papers had urged R. E. Graves and C. H. be brought to trial for their involvement in the bank. Cooper, it was alleged, sent a large amount of fourth class mail to people living in Colorado and Arizona where both Graves and Harris were known. It was claimed by J. K. Graves, the brother of R. E. Graves, and others that the margins of the mail contained written remarks pointing particular attention to specific paragraphs. (19) On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (20)

	Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (20)		Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (21)

	The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.		The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.
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	17. Ibid.		17. Ibid.

	18. "~~Sent the Word Abroad~~," ''Dubuque Daily Herald'', December 8, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18921208&printsec=frontpage&hl=en		18. "Jury Secured," ''Dubuque Daily Herald'', December 8, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18921208&printsec=frontpage&hl=en

	19. "~~Pardon for C. H. Harris~~," ''Dubuque Herald'', ~~November 11~~, ~~1893~~		19. "Sent the Word Abroad," ''Dubuque Daily Herald'', December 8, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18921208&printsec=frontpage&hl=en

	20. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897		20. "Pardon for C. H. Harris," ''Dubuque Herald'', November 11, 1893

			21. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897

Randylyon at 03:53, 23 November 2016

2016-11-23T03:53:55Z

← Older revision		Revision as of 03:53, 23 November 2016
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	R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)		R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)

	The jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail he returned to Tucson. Harris plead guilty and the sentence was suspended. ~~On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (18)~~		The jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail, he returned to Tucson. Harris plead guilty and the sentence was suspended.

	Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (19)		In December 1892, a grand jury was asked to bring charges against A. A. Cooper, Jr. for a violation of the postal laws. The charge was that Cooper had violated the law prohibiting writing of any kind except the address on fourth class mail. During the summer of 1891, the ''Dubuque Herald'' and other local papers had urged R. E. Graves and C. H. be brought to trial for their involvement in the bank. Cooper, it was alleged, sent a large amount of fourth class mail to people living in Colorado and Arizona where both Graves and Harris were known. It was claimed by J. K. Graves, the brother of R. E. Graves, and others that the margins of the mail contained written remarks pointing particular attention to specific paragraphs. (18) On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (19)

			Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (20)

	The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.		The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.
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	17. Ibid.		17. Ibid.

	18. "Pardon for C. H. Harris," ''Dubuque Herald'', November 11, 1893		18. "Sent the Word Abroad," ''Dubuque Daily Herald'', December 8, 1892, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18921208&printsec=frontpage&hl=en

			19. "Pardon for C. H. Harris," ''Dubuque Herald'', November 11, 1893

	19. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897		20. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897

Randylyon at 19:04, 13 September 2016

2016-09-13T19:04:15Z

← Older revision		Revision as of 19:04, 13 September 2016
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	The Commercial National Bank closed its doors on March 20, 1888 with $444,059 due to depositors. The total liabilities were $518,310.		The Commercial National Bank closed its doors on March 20, 1888 with $444,059 due to depositors. The total liabilities were $518,310.

	E. P. Welles, of Clinton, was appointed receiver. He charged violations of the law by the bank officials and on that ground asked for the forfeiture of its charter; he also charged that false statements had been made. Wells collected the one hundred percent assessment from some stockholders and recouped an estimated $25,000. In November 1892 he sold $300,000 of assets in an auction and received another $10,500. (15)		E. P. Welles, of Clinton, was appointed receiver. He charged violations of the law by the bank officials and on that ground asked for the forfeiture of its charter; he also charged that false statements had been made. Wells collected the one hundred percent assessment from some stockholders and recouped an estimated $25,000. The claims of syndicate bankers were settled in April 1891 with a payment of 70 cents on the dollar. (15) In November 1892 Welles sold $300,000 of assets in an auction and received another $10,500. (16)

	On April 9, 1890 the United States grand jury indicted Graves and cashier Harris for making false entries to the comptroller of the currency to deceive him and the directors of the bank. The liabilities of the directors of the bank were much greater than had been reported.		On April 9, 1890 the United States grand jury indicted Graves and cashier Harris for making false entries to the comptroller of the currency to deceive him and the directors of the bank. The liabilities of the directors of the bank were much greater than had been reported.

	R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (16)		R. E. Graves left the city before the closing of the bank. He was involved in banking in Colorado Springs and then moved to Tucson, Arizona where he was the head of the Arizona National Bank. Mr. Harris was employed by a bank in Pueblo, Colorado. (17)

	The jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail he returned to Tucson. Harris plead guilty and the sentence was suspended. On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (17)		The jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail he returned to Tucson. Harris plead guilty and the sentence was suspended. On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (18)

	Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (18)		Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (19)

	The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.		The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.
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	14. "The Commercial National Bank"		14. "The Commercial National Bank"

	15. ~~Ibid~~.		15. "Bonus From a Busted Bank," ''Dubuque Daily Herald'', April 21, 1891, p. 4. Online: https://news.google.com/newspapers?nid=_OG5zn83XeQC&dat=18910421&printsec=frontpage&hl=en

	16. ~~Ibid.~~		16. "The Commercial National Bank"

	17. ~~"Pardon for C~~. ~~H. Harris," ''Dubuque Herald'', November 11, 1893~~		17. Ibid.

	18. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897		18. "Pardon for C. H. Harris," ''Dubuque Herald'', November 11, 1893

			19. "Graves' Great Luck," ''Dubuque Herald'', February 16, 1897

Randylyon at 20:16, 17 December 2015

2015-12-17T20:16:35Z

← Older revision		Revision as of 20:16, 17 December 2015
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	[[Image:commercialnatbank.jpg\|left\|thumb\|350px\|]]COMMERCIAL NATIONAL BANK. The bank was organized in March, 1871 and located in the Globe Building at the northeast corner of Main and Fifth. Subscribers of the bank included [[GRAVES, R. E.\|R.E. GRAVES]], [[STOUT, Henry L.\|Henry L. STOUT]], [[ANDREW, William\|William ANDREW]], [[TREDWAY, Alfred\|Alfred TREDWAY]], [[STEWART, William G.\|William G. STEWART]], [[BRADLEY, William L. Sr.\|William L. BRADLEY, Sr.]], [[RANDALL, Leroy D.\|Leroy D. RANDALL]], [[RUMPF, W. H.\|W. H. RUMPF]], [[WALLER, John Robert\|John Robert WALLER]], and [[THOMPSON, John\|John THOMPSON]]. (1) On March 5, 1871 the officers of the bank were announced. They were R. E. Graves, president; H. L. Stout, vice-president; and H. M. Kingan, cashier. (2) The directors were the others who had been original subscribers.		[[Image:commercialnatbank.jpg\|left\|thumb\|350px\|]]COMMERCIAL NATIONAL BANK. The bank was organized in March, 1871 and located in the Globe Building at the northeast corner of Main and Fifth. Subscribers of the bank included [[GRAVES, R. E.\|R.E. GRAVES]], [[STOUT, Henry L.\|Henry L. STOUT]], [[ANDREW, William\|William ANDREW]], [[TREDWAY, Alfred\|Alfred TREDWAY]], [[STEWART, William G.\|William G. STEWART]], [[BRADLEY, William L. Sr.\|William L. BRADLEY, Sr.]], [[RANDALL, Leroy D.\|Leroy D. RANDALL]], [[RUMPF, W. H.\|W. H. RUMPF]], [[WALLER, John Robert\|John Robert WALLER]], and [[THOMPSON, John\|John THOMPSON]]. (1) On March 5, 1871 the officers of the bank were announced. They were R. E. Graves, president; H. L. Stout, vice-president; and H. M. Kingan, cashier. (2) The directors were the others who had been original subscribers.

	Graves' career in Dubuque began in 1856. When a state bank was suggested ~~fort~~ Dubuque, he offered excellent recommendations ~~from Dubuque~~. [[BOOTH, Caleb H.\|Caleb H. BOOTH]], bank commissioner, finding himself faced with several of his friends also seeking the opportunity of establishing the bank chose Graves instead. When the state banking law was abolished, Graves' bank was converted into the [[FIRST NATIONAL BANK OF DUBUQUE]]. Graves remained president of the bank until 1871 or 1872 when he sold his interests to [[COOLEY, D. N.\|D. N. COOLEY]]. (3)		Graves' career in Dubuque began in 1856. When a state bank was suggested for Dubuque, he offered excellent recommendations. [[BOOTH, Caleb H.\|Caleb H. BOOTH]], bank commissioner, finding himself faced with several of his friends also seeking the opportunity of establishing the bank chose Graves instead. When the state banking law was abolished, Graves' bank was converted into the [[FIRST NATIONAL BANK OF DUBUQUE]]. Graves remained president of the bank until 1871 or 1872 when he sold his interests to [[COOLEY, D. N.\|D. N. COOLEY]]. (3)

	Graves' re-entry into banking proved an immediate success. The bank was soon declaring annual dividends of ten percent while building a large surplus. (4) Concerns about the $104,000 First National Bank had lost in clearing up ~~assets he~~ had left were gradually forgotten. It was also understood that [[GRAVES, Julius K.\|Julius K. GRAVES]], brother of the bank's president, had a larger credit at the bank than might be wise. (5)		Graves' re-entry into banking proved an immediate success. The bank was soon declaring annual dividends of ten percent while building a large surplus. (4) Concerns about the $104,000 First National Bank had lost in clearing up debts Graves had left were gradually forgotten. It was also understood that [[GRAVES, Julius K.\|Julius K. GRAVES]], brother of the bank's president, had a larger credit at the bank than might be wise. (5)

	The Commercial National Bank Of Dubuque issued 2,400 sheets of $1 original series national bank notes. A print range between 1,000 and 2,500 is small. Some notes had a red charter number, others do not. Some had red serial numbers and some had blue serial numbers. Some were printed on white paper and others are printed on paper with a slight blue tint. (6)		The Commercial National Bank Of Dubuque issued 2,400 sheets of $1 original series national bank notes. A print range between 1,000 and 2,500 is small. Some notes had a red charter number, others do not. Some had red serial numbers and some had blue serial numbers. Some were printed on white paper and others are printed on paper with a slight blue tint. (6)
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	A total of 2,780 sheets of $2 series of 1875 national bank notes were also printed by the bank. (10) The Commercial National Bank Of Dubuque printed 10,533 sheets, a high issue number for a national bank, of $5 series of 1875 national bank notes. (11)		A total of 2,780 sheets of $2 series of 1875 national bank notes were also printed by the bank. (10) The Commercial National Bank Of Dubuque printed 10,533 sheets, a high issue number for a national bank, of $5 series of 1875 national bank notes. (11)

	In September, 1875 Commercial National Bank assumed the liabilities and assets of the ~~People~~'~~s Bank of Dubuque~~. (12) Mr. H. K. Love, president of People's Bank, had agreed to be the president of the Iowa National Bank in Des Moines. (13)		In September, 1875 Commercial National Bank assumed the liabilities and assets of the [[PEOPLE'S SAVINGS BANK]]. (12) Mr. H. K. Love, president of People's Bank, had agreed to be the president of the Iowa National Bank in Des Moines. (13)

	Problems began in 1885 when President Graves decided to hold Directors William Andrew and H. L. ~~Stout~~ responsible for large advances on their recommendation to the [[DUBUQUE OATMEAL MILL]]. Having agreed to large loans made by President Graves, the two directors announced that they would withdraw their accounts in the bank if he remained in office. In May 1886, Graves sold his share in the bank to C. H. ~~Booth~~ and personally guaranteed the assets to be worth the amount paid. The contract of sale specified that on or about February, 1887 the board should fix the value of the stock. This led to the discovery of large loans involving bank officials made prior to the sale. J. K. Graves, when asked for a settlement of his debts, replied verbally that he had $100,000 "spot cash" to cover his obligations. On March 19 or 20, 1888, however, a demand for a written proposition from him proved that the "spot cash" was actually $50,000 in Iowa City common gas stock, $24,000 in Commercial bank stock, and his note for $30,000. This meeting caused the new directors to pass a resolution declaring the bank suspended. (14)		Problems began in 1885 when President Graves decided to hold Directors William Andrew and [[STOUT, Henry L.\|Henry L. STOUT]] responsible for large advances made on their recommendation to the [[DUBUQUE OATMEAL MILL]]. Having agreed to large loans made by President Graves, the two directors announced that they would withdraw their accounts in the bank if he remained in office. In May 1886, Graves sold his share in the bank to [[BOOTH, Caleb H.\|Caleb H. BOOTH]] and personally guaranteed the assets to be worth the amount paid. The contract of sale specified that on or about February, 1887 the board should fix the value of the stock. This led to the discovery of large loans involving bank officials made prior to the sale. J. K. Graves, when asked for a settlement of his debts, replied verbally that he had $100,000 "spot cash" to cover his obligations. On March 19 or 20, 1888, however, a demand for a written proposition from him proved that the "spot cash" was actually $50,000 in Iowa City common gas stock, $24,000 in Commercial bank stock, and his note for $30,000. This meeting caused the new directors to pass a resolution declaring the bank suspended. (14)

	The Commercial National Bank closed its doors March 20, 1888 with $444,059 due to depositors. The total liabilities were $518,310.		The Commercial National Bank closed its doors on March 20, 1888 with $444,059 due to depositors. The total liabilities were $518,310.

	E. P. Welles, of Clinton, was appointed receiver. He charged violations of the law by the bank officials and on that ground asked for the forfeiture of its charter; he also charged that false statements had been made. Wells collected the one hundred percent assessment from some stockholders and recouped an estimated $25,000. In November 1892 he sold $300,000 of assets in an auction and received another $10,500. (15)		E. P. Welles, of Clinton, was appointed receiver. He charged violations of the law by the bank officials and on that ground asked for the forfeiture of its charter; he also charged that false statements had been made. Wells collected the one hundred percent assessment from some stockholders and recouped an estimated $25,000. In November 1892 he sold $300,000 of assets in an auction and received another $10,500. (15)
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	The jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail he returned to Tucson. Harris plead guilty and the sentence was suspended. On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (17)		The jury was in deliberations for only a short time before finding Graves guilty. He was sentenced to five years in the penitentiary. On furnishing $10,000 bail he returned to Tucson. Harris plead guilty and the sentence was suspended. On November 11, 1893 President Cleveland pardoned Harris. The ''Dubuque Herald'' stated that "it was so plain that while legally guilty he was not morally so..." (17)

	Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in ~~other~~ other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ~~had~~ ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (18)		Graves' attorney appealed the case to the United States Supreme Court alleging errors of law and on the ruling of the court during the progress of the trial. The defense had tried to introduce as evidence customs in use in other banks governing overdrafts which, in Graves' case had been considered loans and therefore regarded as assets. When [[EIGHMEY, Charles H.\|Charles H. EIGHMEY]] took the stand to show this custom was in use in other banks, the court ruled that whatever the custom it would not apply and therefore Mr. Eighmey was prevented from testifying. Graves' attorney had also tried unsuccessfully to introduce the deposition of Lyman J. Gage, Secretary of the Treasury, who had been president of the First National Bank in Chicago. (18)

	The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.		The Supreme Court reversed Graves' conviction in 1897 and ordered a new trial. There is no record that this was ever held.