Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1908-01-02
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Jan. 21--Merchants' and Farmers bank
of Fairmont Mimi, suspended.
Feb. IF. D. Gilman, former president
suspended Home bank of Goodland,
Ind, found guilty of embezzlement.
4-First National bank of Scotland, S. D.,
close by bank examiner.
81. d. Gilman. indiana banker, SEN
fenced to term of one to three years In
Disappearance of $4,000 from SUBJ
treasury at Chicago made public.
Mar. l4-Virtual panic in Wall street,
Secretary Cortelyou relieved the situa-
30 ton 0i;,., ca. ,,- ru., Nah
2S-Corbin Banking company of New
York, assigned; assets, $S,OoOOOO; liabili-
Apr. maj. Fl. w. Salmon of Warsaw,
Mo-, convicted of Illegal banking, SEN
fenced three years in penitentiary.
ordered closed.
19-Ex-Judge Smith of Chicago, found
guilty Fully OF eS9nsPirng to defraHd stock
America, of which he was president;
penalty, imprisonment and $1,000 fine.
Jul. l-Citzens' bank of Eureka Springs,
2-First National bank of Hicksville, O.,
closed by comptroller of currency.
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 state authorities.
ERecsivers 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. 9-Union bank of Richland, and
Bowman bank of Kalamazoo, Mich,
both private institutions, closed doors.
I-H. d. Reynolds bank Of Valdez, Alas
15-First National bank of Dresden, O.,
failed.
lsmG cola Of H s corner in copper
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 banking organizations of New
22-Knickerbocker Trust Co., New York's
second largest financial institution,
forced to suspend; great slump in Sc
23-Secretary OF treasury ordered deposit
of SO, 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,
A-Three minor banks in New York
forced to close. Southern Steel Co., of
Birmingham, Ala, filed involuntary pc
s5-SiX more minor banking institutions
in New York closed doors. Union
Trust Co, of Providence, r. l., sus-
pended.
26-Banks in New York and Chicago, and
many other cities adopted clearing
draining of supplies of currency and
made withdrawal OF savings deposits
subject to legal notice.
B0-California Safe Deposit & Trust Co.
bank at San Francisco, closed. .Finan-
cial conditions in New York practically
normal again.
Nov. 4-Three small banks in Kansas
closed. -. United States Steel corpora
ton secured controlling interest in Ten
nessee Coal q Iron Co.
6-Receiver appointed for Arnold Print
works of North Adams, Mass, one of
largest textile concerns in country.
R-Merchants' National bank of Port
land, Ore, California bank of Oakland,
Cal, and Farmers g. Merchants bank
of Sapulpa, /. T., suspended
dered issue of $50 10000 of Panama
bonds and 500, 600 certificates of in
debtedness as means of relieving finan-
cial situation. City National bank of
Frederick, Okla, failed.
E--American SILK Co. capital stock, ST.
100000, which operated mills in several
cities placed in hands of receiver.
Dec. 2-Chelsea Savings abnk of Chel-
sea, Mich, owned by State Treasurer
Glazer, closed.
6-National Bank of Commerce. one of
largest financial institutions of Kansas
City, suspended
Sort Pitt National bank of PHtsburg,
closed.
I7-Jewelers National bank at North
Attleboro, Mass, in hands of receiver.