The Tupelo journal., 1908-01-10

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Jan. 21-Merchants' and Farmers bank
or fairmont, Mimi, suspended.
Feb. IF D., Gilman. former president
suspended Home bank of Goodland,
Ind. found guilty of enbezzlement.
FFfrst National bank of Scotland, S. D.,
close by bank examiner.
Sc. ID. Gilman, Indiana banker, sem
fenced to term OF one to three years in
state prison.
treasury at Chicago made public.
Mar. 14-Virtual panic in Wall street.;
Secretary Cortelyou relieved the situa-
19-Citizens' State bank of Firth, Neb.,
closed by state.
2S-Corbin Banking company of New
York, assigned; assets, $1,000, 900; liabili-
ties, 81, 700,O 900.
Apr. 2-Maj. H. w. Salmon of Warsaw,
Mo-, convicted of illegal banking, sem
fenced three years in penttentiary.
of Conception, at Clyde, Mo-,
ordered closed.
19-Ex-Judge Smith of Chicago, found
holders and depositors of Bank of
America, of which he was president;
penalty, Imprisonment and $1,000 fine.
Jul. l-Citizens' bank of Eureka Springs,
Ark, suspended.
2-FIrst National bank of Hicksville, O.,
closed by. comptroller of currency:
5-Fort Dallas National bank of Miami,
Fla, closed.
2O-Farmers' National bank of Boyer
A9 t9wH s-P Pa:; eFde State el6 Sank of Browns
town. Ind, closed by state authorities.
14-Ieeceivers appointed for Pope Mfg. Co.,
of Hartford, Conn; failure ascribed to
ringenc of money market.
Sep. 5-Watson & Co, members of New
York stock and produce exchanges and
Oct. 9-Union bank of Richland, and
Bowman bank of Kalamazoo, Mich,
both private institutions, closed doors.
lo-H. u. Reynolds bank of Valdez, Alas
ka, closed doors.
l5.Ffrst National bank of Dresden, O.,
failed.
1E GolIa--a 90 -: $500
caused violent slump in stocks in New
York; firm of Otto Heinze & Co, sus-
pended from stock exchange.
l9-New York clearing house committee
declared that the Heinze, Morse and
Thomas interests had been eliminated
from banking organizations of New
22-Knickerbocker Trust Co., New York's
second largest financial institution,
forced to suspend; great slump in Sc
curities; call money at 70 per cent.
2S-Secretary of treasury ordered deposit
Of 5000 600 of government funds in
New York banks....Fou Westinghouse
company forced into hands of receivers
because of financial stringency....S State
Bank and Trust Co., of Carson, Nevada,
24-Three minor banks in New York
forced to close.... Southern Steel Co., of
Birmingham, Ala, filed involuntary Pc
20-Six more minor, banking institutions
Trust Co, of Providence, r. l.. sus-
pended.
2G-Banks in New York and Chicago, and
many other cities adopted clearing
house loan certificate system to prevent
draining of supplies of currency and
mad withdrawal of savings deposits
subject to legal notice.
39-California Safe Deposit & Trust Co.
bank, at San Francisco, closed. d. Finan-
cial conditions in New York practically
normal again.
Nov. tThree small banks in Kansas
closed. -. United States Steel corpora
ton secured controlling interest in Ten
nesSee Coal & Iron Co.
6-Receiver appointed for Arnold Print
works of North Adams, Mass, one of
largest textile concerns in country.
l2-Merchants National bank of Port
land, Ore, California bank of Oakland,
Cal. and Farmers & Merchants bank
of Sapulpa, L. T., suspended.
dered issue of $50. 900. 600 of Panama
bonds and s100, GOO, 600 certificates of in
debtedness as means of relieving finan-
cal situation. City National bank of
Frederick, Okla. failed.
zt7Amer1can SILK Co. capital stock. SILL
O0O,UU0, which operated mills in several
cities. placed in hands of receiver.
Dec. 2-Chelsea Savings abnk of CheI-
sea, Mich, owned by. State Treasurer
Glazier, closed.
5-National Bank of Commerce. one of
largest financial institutions of Kansas
City, suspended.
Fort Pitt National bank of Pittsburg.
closed.
17-Jewelers' National bank at North
Attieooro, Mass, in hands of receiver.