The Taney County republican., 1908-01-02
2 lo~f.s53&S,Scl,
FINANCIAL d. Al.
--IE1szsss.-,sss.R,...L ~ IN 49,

Jan el--Merchants' and Farmers bank
Of tairnont Mimi. suspended
Feb. -. ID, Gilman, former president
suspended Home bank Of GoOdiund,
luG., found guilty of embez2lement.
81. d. Gilman. Indiana banker SEN
fenced TO term of one to three years IN
Uisappearance of $4,000 from sub
treasury at Chicago made public.
Mar 14-ViTtual panic in Wall street.
Secretary Cortclyuu relieved the situa-
l9-Citizens' State bank of Firth. Neb.,
closed by state.
2o-Corbin Banking company of New
YORK, assigned. assets SuD,HO liaDlh-
Apr. MAI. H. W. Salmon of Warsaw.
Mo, convicted OF Illegal banking. sen
tc>Ccd three years in peuitentiary,
l-Bank of Conception, at Clyde, No,
ordered closed.
19-Ex-Judge Smith OF Chicago, found
guilty OF Cuuspiriug TO defraud stock
holders and dcpositors OF Bank OF
America, of which lie was president,
penalty, Imprisonment and SlOO0 fine.
Jul. l-Citizens' bank Of Eureka Springs
AIR, suspended,
b-tort Dallas National bank OF Miami,
2O-Farmers' National bank of Boyer
town. Pa, ordered closed.
Aug. S-Peoplc's State bank of Browns
town, Ind. closed by state authorities.
I-Rrcciycrs appointed Tor Pope Mfg Co.
of Hartford, Conn, failure ascribed TO
stringeacy of money market,
Sep. WATSON & Co, members OF New
ork stock and produce exchanges and
OF Chicago board OF trade, failed.
Oct 9-union bank of Richland ana
Bowman bank of Kalamazoo, Mich,
bDth private institutions, closed doors.
IG-~Collapsc Of Hein2e corner in copper
caused violent slump in stocks IN New
York firm OF Otto Hein2e & Co, sus-
pended from stock exchange.
I9--New York clearing house committee
declared that the llcinzc. Morse and
Thomas interests had been eliminated
from banking organizations Of New
2-Knickerbockcr Trust Co., New York $
second largest financial Institution,
forced TO suspend; great slump in Sc
.acuritios, call money al 70 per cent.
23-SeCretary OF treasury ordered deposit
of SIS Gd0,000 Of government funds in
New York banks. -Four Westinghouse
companies at Pittsburg and one trust
company forced into hands uf receivers
because of financial striRgency. ... State
Bank and Trust Co. of Carson, Nevada,
failed
2i-Three minor banks in New Yorl,
forced TO close Southern Steel Co., OF
Birmingham, Ala. flied involuntary pc
tltiOn in bankruptcy.
z5--S!N more minor banking institutions
in New York closed doors. -. [ MON
Trust Co., Of Providence. Il. l., sus-
pended.
26-Banks in New York and Chicago. and
many other cities adopted clearing
house loan certificate system 10 prevent
draining Of supplies OF currency and
made withdrawal of savings deposits
subject to legal notice.
30-California Safe Deposit & Trust Co
bank, at San Francisco, closed. ,Finan-
cal conditions In New York practically
normal again.
Nov. 4--Three small banks in Kansas
closed. q. United States Steel corpora
tion secured controlling interest In Ten
nessec Coal d Iron Co.
s-ReceiVor appointed for Arnold Print
works Of North Adams, MusS., one OF
lnrgcst textile concerns in country.
L Merchants National bank Of Port
land ore. California bank Of Oakland
Cal. and Farmers a. Merchants bank
of Snpulpa, l. T.. suspended.
B-@c,retary OF Treasury COrtclyou or.
dered issue or S5).GcOOOO of Panama
bonds and $1,000 roo certificates of In
debtCdncss as means of relieving hnan.
Clai situation. .City National bank oi
Frederick. Okla, failed.
game riCan silk Co. capital stock, S1l,,
UOO00O. which operated mills in severa
'ittes, placed IN hands OF receiver.
Dec. 2-Chelsca Savings abnk of Chel
sea. Mich, owned by State Treasurer
Gla2ier. closed
s-NatipnIl Bank Of Commerce., one oi
largrat financial institutions OF Kansas
City, suspended.
g. Fort Pitt National bank of PittsburA
closed.
I7-Jcwclers' National bank at NORTH
Attleboro, Mass. IN hands OF receiver.