Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1908-01-02

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;
4--First National bank of Scotland, 5. d.,
close by bank examiner.
s-F. D.. Gilman, Indiana banker, sen
fenced to term of one to three years in
25~Disappearance of $4,000 from sub
treasury at Chicago made public.
Secretary Cortelyou relieved the situa-
ton.
1s-Citizens' State bank of Firth, Neb.,
closed by state.
2S-Corbin Banking company of New
York, assigned; assets, $S,OO,WO; hapil-
Apr. MAT. II. w. Salmon of Warsaw,
Mo-, convicted of illegal banking, SEN
fenced three years in penitentiary.
l1-Bank 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. l-Citizens, bank of Eureka Springs
Ark, suspended.
2-Flrst National bank of Hicksville, O.,
closed by comptroller of currency.
6-Fort 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 state authorities.
iI-Receivers appointed for Pope Mfg. Co,
of Hartford, Conn; failure ascribed to
s~tringency of money market
Sep. WATSON & Co.. member of New
York stock and produce exchanges and
of Chicago board of trade, failed.
Oct, 9-Union bank Of Richland, and
Bowman bank of Kalamazoo, Mich.'
both private institutions, closed doors.
l0-H. d. Reynolds bank of Valdez, Alas
ka, closed doors.
i5-First National bank OF Dresden, O..
failed.
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 hat the Heinze, Morse and
Thomas interests had been eliminated
from banking organizations of NV
York.
22-Knickerbocker Trust Co, New York;
pecond largest financial institution,
forced to suspend; great slump in Sc
curities; call money at 70 per cent. j.,
23-Secretary of treasury ordered deposit
of $25, 900, 900 of government funds in
New York banks. -Four Westinghouse
companies at Pittsburg and one trust
company forced into hands of receivers
because of financial stringency. -. State
Bank and Trust Co., of Carson, Nevada
failed.
24-Three minor banks in New York
forced to close. e. Southern Steel Co, Of
blI lldlHt Alds, HlSu lllNOluIllaly pc
tition in bankruptcy.
25-Six more minor banking institutions
in New York closed doors... Unior
Trust Co., of Providence, II. l., sus'
pended.
26-Banks in New York and Chicago, ant
many other cities adopted clearing
house loan certificate system to preven'
draining of supplies of currency ant
made withdrawal of savings deposits
subject to legal notice.
30-California Safe Deposit & Trust Co
bank, at San Francisco, closed. .Finan.
cial conditions in New York practically
normal again.
Nov. Three small banks in Kansas
closed 80. United States Steel corpora,
ton secured controlling interest in Ten
nessee Coal G. Iron Co.
6-ReceiVer appointed for Arnold Prin
works of North Adams, Mass, one o.
largest textile concerns in country.
land, Ore California bank of Oakland
Gal. and Farmers & Merchants banl
of Sapulpa, I. T, suspended.
1S-Secretary of Treasury Cortelyou or
dered issue of $50, 900, 900 of Panama
bonds and 800, 900. 900 certificates of in
'debtedness as means of relieving tinan
cial situation. -. City National bank o
Frederick. Okla, failed.
27-American Silk Co. capital stock, S11,
100000, which operated mills in severa
cities, placed in lands of receiver.
Dec. 2-Chelsea Savings abnk of Chel
sea, Mich, owned by State Treasure
Glazier, closed.
largest financial institutions of Kansa
City, suspended.
6-Fort Pitt National bank of Pittsburg
closed.
17-Jewelers' National bank at Mort
Attleboro, Mass, in hands of receiver.