The commonwealth. (Greenwood, Miss.) 1896-1923, 1908-01-10

Jan. 2l-Merchants and Farmers bank
of ,Fairmont, MINI. suspended.
Feb. IF, d. Gilman, former president
suspended Home bank of Goodland
Ind. found guilty of embezzlement.
@First National bank of Scotland, 8. D.,
close by bank examiner.
81. u. Gilman, Indiana banker, sen
fenced to term Of one to three years in
25-Disappearance of s17s.ooo from sub
treasury at Chicago made public.
Mar. HEVirtual panic in Wall street;
Secretary Cortelyou relieved the situa-
ls-Citizens' State bank of Firth, Neb.,
closed by state.
2S-Corbin Banking company of New
York, assigned; assets. sS.Ooo.ooo; Iabili-
Apr. Maj, II. W. Salmon of Warsaw,
Mo-. convicted of Illegal banking, SEN
fenced three years In penitentiary.
of Conception, at clyde, Mo-,
ordered closed.
19-Ex-Judge smith Of Chicago, found
guilty of eonspiring to defraud stock
America, of which he was president;
penalty, Imprisonment and $1,000 fine,
Jul l-Citzens' bank of Eureka Springs,
Ark, suspended.
1-First National bank of Hicksville, o.,
closed by comptroller of currency.
b-Fort Dallas National ank Of Miami,
Fla, closed.
2o-Farmsrs' National bank of Boyer
IT,. to"hy L O., pidCIGu tipStu.
Aug. s-People's State bank of Browns
town, Ind. closed by state authorities.
a4-.Receiyers appointed for Pope Mfg. Co,
OF Hartford, Conn; failure ascribed to
stringency OF money market.
Sep. 5-Watson & Co., members of New
York stock and produce exchanges and
OF chicago board of trade, failed.
Oct Union bank Of Richland, and
Bowman bank of Kalamazoo, Mich,
both private institutions, closed doors.
lo-H. ID. Reynolds bank of Valdez, ASas-
-ka, closed doors.
15-first National bank of Dresden, O.,
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.
D--New York clearing house committee
neclared that the Heinze, Morse and
Thonas interests had been eliminated
from banking organizations of New
E-Knickerbocker Trust Co, New York's
second largest financial institution,
forced to suspend: great slump in Sc
curities; call money at 70 per cent.
H-Secretary of treasury ordered deposit
Of $25.0 600, 900 OF government funds in
New York banks....Four Westinghouse
companies at Pittsburg and n trust
company forced into hands Of receivers
because Of financial stringency.. i. State
failed.
a4-Three minor banks In New York
forced to close. Southern Steel CO., of
Birmingham. Ala, filed involuntary Pc
tition In bankruptcy.
So-.Six more minor banking institutions
In New York closed doors. -. Union
Trust Co, of Providence. r. l., sus-
I pended.
S6-Banks In New York. and Chicago. ara
many other cities aAopred-sAAaring
house loa certificate system to prevent
draining of supplies of currency and
made withdrawal Of savings deposits
subject to legal notice. No.. =.
bank, at San Francisco, closed. .Finan-
cial conditions in New York practically
normal again.
Nov. +Three small banks In Kansas
closed. =. United States Steel corpora
ton secured controlling interest in Ten
nessce Coal & Iron Co.
s-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.
of Treasury Cortelyou or
dered issue of $50, 900, 900 of Panama
bonds and $100, 00O, 900 certificates of in
debtedness as means of relieving finan-
cial situation. City National bank of
Frederick, Okla, failed.
27-American Silk Co. cepital stock, ST.
N0,0 00, which operated mills in several
cities, placed In hands of receiver.
Dec. 2Chelsea Savings abnk of Chel-
sea, Mich, owned by State Treasurer
Glazier, closed.
largest financial institutions of Kansas
City, suspended.
tFort. Pitt National bank of Pittsburg,
closed.
l7-Jewelers' National bank at North
Attleboro, Mass. in hands of receiver.