Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1908-01-11
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Jan. 2t-Merchants' and Farmers bank
of FairmOnt Mimi, suspended.
Feb. 2-F. d. Gilman, former president
suspended Home bank of Goodlaho'
Ind, found guilty of embezzement; -
IFirst National bank of Scotland, D. ~
close by bank examiner
BE-. D. Gilman, Indiana banker, sen
fenced to term of one to three years III
Z state prison, .ooo -. z,,,,
Us treasury at Chicago made public,
Mar. l4-Virtua panic In Wall street;
Secretary Cortelyou relieved the sltua-
Fl ton. -
ls-Citizens State bank of Firth, Neb.,
2S|Corbin Banking company Of New
Id York, assigned assets, $S,OOo,OOO; habili-
Apr. Mai. H. w. Salmon Of Warsaw
F Mo, convicted Of illegal banking, SEN
Al fenced three years in penitentlary.
11-Bank OF Conception, at clyde, MO-
l# ordered closed,
A19-EX Judge Smith of chicago, louno
* guilty of conspiring to defraud stock
VI holders and depositors of Bank of
~ America, of which he was president,
IN penalty, Imprisonment and SlOVg me.
AJul. 1-Ctizens' bank of Eureka Springs,
sS Ark. suspended. 80,
Ai-F1rst National bank of Hicksville, O.,
# closed by comptroller of currency,
S6-Fort Dallas National bank Of Miami,
s& Fla, closed. 49,.
Xu-fHfiflefS NdllOndl Dtilh Va boS :
# town Pa ordered closed.
Aug. 3--People's State bank of Browns
s* town, Ind, closed by state authorities.
l4-Receivers appointed for Pope Mfg. Co,
8 of Hartford, Conn; failure aserbed 10
stringenCy of money market.
Sep. 5--Watson IL Co, members OF New
IN York stock and produce exchanges and
\ of Chicago board of trade, failed.
Oct. 9--Union bank of Richland, and
IN Bowman bank of Kalamazoo, Mich,
both private institutions, closed doors
IA 10-H. b. Reynolds bank of Valdez, Asas-
III ka, closed doors.
15-First National bank of Dresden, o.,
VI failed.
4 16--Collapse of Heinze corner in copper
VI caused violent slump il stocks In New
York; firm of Otto Heinze & Co., sus-
pended from stock exchange.
4 D~-New York clearing. house committee
Thomas interests had been eliminated
w from banking organizations of New
York.
2-Knlckerbocller Trust Co, New York's
t5 second largest financial institution
forced to suspend; great slump in Sc
curities; call money at 70 per cent
S-Secretary OF treasury ordered deposit
.l@ of SIS, 100000 of government funds lr
IL New York banls.... -Four Westinghouse
III companies at Pittsburg and one trust
ri company forced into hands of receivers
80 because Of financial stringency =, Stat'
# Bank and Trust Co, Of Carson, Nevada
8l failed.
24-Three minor banks In New Yorl
forced to close. Southern Steel Co, o.
Il Birmingham, Ala, filed involuntary pc
tition in bankruptcy,
25-SiX more minor banking institutions
in New York closed doors. Unior
M Trust Co., of Providence, X. l., sus
M, pended.
16-Banks In New York and Chicago ant
IN many other cities adopted clearing
house loan certificate system TO preven
8t made withdrawal of savings deposits
subject to legal notice.
n R-California Safe Deposit & Trust Co
IN bank, at San Francisco, closed. .Finan
normal again.
u Nov. 4-Three small banks in Kansai
closed. United States Steel corpora
IN ton secured controlling interest in Ten
n nessee Coal Il Iron Co.
NJ s-Receiver appointed for Arnold Prin
n works of North Adams, Mass, one o
II largest textile concerns in country.
a R-Merchants' National bank of Port
4l land, Ore, California bank of Oakland
III Cal, and Farmers & Merchants banl
st of Sapulpa, |. r, suspended
\ Secretary Of Treasury Cortelyou or
A4 dered issue of $50 900 600 of Panami
A Bonds and s10O000OOO certificates of in
dehtedness as means of relieving finan
sN cial situation. City National bank o
N Ns Frederick, Okla, failed.
n 2I-American Silk Co. capital stock, sl1,
& 10000, which operated mills in severa
cities, placed in hands of receiver
Dec, 2-Chesea Savings abnll OF Chel
sea, Mich, owned by State Treasure
SN Glazer, closed.
a b-National Bank OF Commerce, one O
# largest financial institutions of Kansa
ia city, suspended
6-Fort Pitt National bank of Pittsbure
closed
II T--Jewelers National bank at Nortl
Ill Attleboro, Mass, in hands of receiver.