The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1908-01-11

Jan. 21-Merchants' and Farmers bank
of Fairmont, Mimi. suspended.
Feb. 2-F. D. Gilman, former president
suspended Home bank of Goodland,
Ind. found guilty of embezzlement
S-F. ID. Gilman, Indiana banker, SEN
fenced to term of one to three years IN
a5-Disappearance of s173, 900 from sub
treasury at Chicago made public.
Mar. 14-Virtual panic in Wall street;
Secretary Cortelyou relieved the situa-
1s-Citizens' State bank of Firth. Neb..
closed by state.
2S-Corbin Banking company OF New
York, assigned; assets, $3,0oO,0OO; Iabiii-
ties, 81, 700, 900.
Apr. 2-Maj. II. w. Salmon Of Warsaw,
Mo, convicted Of illegal banking, SEN
11-l5ank. of Conception, at Clyde, MO-
ordered closed.
guilty of conspiring to defraud stock
holders and depositors of Bank of
America, of which he was president
penalty, imprisonment and $1,000 fine.
. Jul. 1-Citizens' bank of Eureka Springs,
Ark, suspended.
Sort Dallas National bank of Miami.
Fla, closed.
20-Farmers' National bank of Boyer
town, Pa, ordered closed.
Aug. 3-People's State bank of Browns
town, Ind, closed by sta state tea au Nor Ta
of Hartford, Conn; failure ascrlbed 10
stringency of money market.
Sep. SWatson & Co., members OF New
York stock and produce exchanges and
of Chicago board of trade, failed.
Oct. Union bank of Richland, and
both private institutions, closed doors.
16-Collapse of Heinze corner in copper
caused violent slump in stocks in New
York; firm of Otto Heinze & Co., sus-
pended from stock exchange.
19-New York clearing house committee
declared that the Heinze, Morse and
Thomas interests had been eliminated
from hanEin0 denominations of New
22-Knickerbocker Trust Co., New York's
second largest financial institution,
forced to suspend; great slump in Sc
curities; call money at 20 per cent.
2s-Secretary of treasury ordered deposit
of s25, 600, 900 of government funds in
companies at P%ittsburg and one trust
company forced into hands of receivers
because of financial Stringency....State
Bank and Trust Co., of Carson, Nevada,
failed.
2EThree minor banks in New York
forced to close.... Southern Steel Co., of
Birmingham, Ala, filed involuntary Pc
tition in bankruptcy.
&-Six more minor. banking institutions
in New York closed doorS....U Union
Trust Co.. of Providence, r. l., sus-
as~Banks in New York and Chicago. and
many other cities adopted clearing
house loan certificate system to prevent
draining of supplies. of currency and
made withdrawal of savings deposits
oopyCNR ~ go IN
s0ICalifornia Safe Deposit &c Trust Co.
bank, at San Francisco, closed. Finan-
cial conditions in New York practically
normal again.
Nov. 4Three small banks in Kansas
closed United States Steel corpora
ton secured controlling interest in Ten
nessee Goa & Iron Co.
S-Receiver appointed for Arnold Print
works of North Adams, Mass, one of
largest textile concerns in country.
R-Merchants' National ban of Port
land, Ore, California bank of Oakland,
Call and Farmers & Merchants bank
of Sapulpa, l. T., suspended.
1S-Secretary Of Treasury Cortelyou or
dered issue Of $50. 900, 600 of Panama
bonds and 500, 900, 600 certificates of in
debtedness as means of relieving finan-
cial situation. City National bank OF
Frederick, Okla, failed.
27-American Silk Co. capital stock, $11,-
100000, which operated mills in several
cities, placed in hands of receiver.
Dec. 9Chelsea Savings abnk of Chel-
sea, Mich, owned by State Treasurer
Glazier, closed.
srNational Bank of Commerce, one of
largest financial institutions of Kansas
City, suspended.
Sort Pitt National bank of P%ittsburg,
closed.