The Greenville journal. [volume] (Greenville, Ohio) 1850-1918, 1908-01-02
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Jan. 21-Merchants' and Farmers bank
of Fa.rmont, Mimi, suspended.
Feb. - 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
Disappearance of $4,000 from sub
treasury at Chicago made public.
Mar. l4-Virtual panic in Wall street;
Secretary Cortelyou relieved the sltua-
ton.
19--Citizens' State bank of Firth, Neb.,
2S-Corbin Banking company Of New
York, assigned; assets, $3,OOO,OOO; labili-
ties, $1,7OOO00.
Mo, convicted of illegal banking. sem
fenced three years in penitentiary.
ll-Bank of Conception, at Clyde Mo-
19-Ex-Judge Smith of Chicago, found
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. 1-CitiZens' bank of Eureka Springs,
Ark, suspended.
2-Flrst 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
town, Pa, ordered closed.
Aug 3-People's State bank of Browns
town, Ind, closed by state authorities.
H-Receivers 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.
Bowman bank of Kalamazoo Mich,
both private institutions, closed doors.
1O-H. D. Reynolds bank of Valdez, Alas
l5-First National bank of Dresden, O.,
failed
1G-Col!apso of Heinze corner in copper
caused violent slump In stocks in New
York; firm of Otto Heinze & Co., sus-
pended from stock exchange.
19-New York clearing house comlnittee
declared that the Heinze, Morse and
Thomas interests had been eliminated
from banking organizations of New
York.
2-Knickerbocker Trust Co., New York s
second largest financial institution,
forced to suspend; great slump in Sc
curities; call money at 20 per cent.
23-Secretary of treasury ordered deposit
of $25, 100000 of government funds In
New York banks, e. -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. Southern Steel Co., OF
Birmingham, Ala, filed involuntary pc
tition in bankruptcy.
25-SiX more minor banking institutions
in New York closed doors. Upior
Trust Co., of Providence, +. l., sus
pended.
26-Banks in New York and Chicago, ant
many other cities adopted clearing
house loan certificate system to prevent
draining of supplies of currency anC
made withdrawal of 0avj.gs deposits
subject to legal notice.
30-California Safe Deposit & Trust Co
bank, at San Francisco, closed. Finan
cia conditions in New York practically
normal again.
Nov. 4-Three small banks in Kansas
closed. United States Steel corpora
tiOn secured controlling interest in Ten
nessee Coal & Iron Co.
S-ReceiVer appointed for Arnold Prin
works of North Adams, Mass. one o.
largest textile concerns in country.
12-Merchants' National bank of Port
land, Ore, California bank Of Oakland
Cal. and Farmers & Merchants banl
1S-Secretary of Treasury Cortelyou or
dered issue of $5O,OO0,00O of PanamS
bonds and $1O0,OO0,OOO certificates of in
debtedness as means of relieving finan
cial situation. City National bank o
Frederick, Okla, failed.
27-American Silk Co. capital stock, $ll,
O0O,OOO which operated mills in severa
cities, placed in hands of receiver.
Dec. 2-Chelsea Savings abnk of Chel
sea sea, Mich; hi,.o owned by State Treasure
5-National Bank of Commerce. one o
largest financial institutions of Kansa
City, suspended.
6-Fort. Pitt National bank of Pittsburg
closed.
17-Jewelers' National bank at Nortl
Attleboro, Mass, in hands of receiver.